Moran Wealth Management LLC Trims Stake in Linde PLC $LIN

Moran Wealth Management LLC lowered its position in Linde PLC (NASDAQ:LIN) by 13.9% during the 1st quarter, HoldingsChannel reports. The firm owned 51,421 shares of the basic materials company’s stock after selling 8,331 shares during the period. Linde comprises about 0.8% of Moran Wealth Management LLC’s investment portfolio, making the stock its 21st biggest position. Moran Wealth Management LLC’s holdings in Linde were worth $25,492,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors grew its holdings in shares of Linde by 20.1% during the fourth quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after purchasing an additional 1,275,477 shares in the last quarter. S.E.E.D. Planning Group LLC increased its position in shares of Linde by 8.9% in the fourth quarter. S.E.E.D. Planning Group LLC now owns 27,341 shares of the basic materials company’s stock worth $11,658,000 after purchasing an additional 2,234 shares during the last quarter. Temasek Holdings Private Ltd raised its stake in Linde by 45.5% in the third quarter. Temasek Holdings Private Ltd now owns 236,206 shares of the basic materials company’s stock valued at $112,198,000 after purchasing an additional 73,850 shares in the last quarter. Boston Trust Walden Corp raised its stake in Linde by 143.4% in the fourth quarter. Boston Trust Walden Corp now owns 15,044 shares of the basic materials company’s stock valued at $6,415,000 after purchasing an additional 8,863 shares in the last quarter. Finally, J. Safra Sarasin Holding AG raised its stake in Linde by 3.0% in the fourth quarter. J. Safra Sarasin Holding AG now owns 83,262 shares of the basic materials company’s stock valued at $35,493,000 after purchasing an additional 2,408 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ LIN opened at $546.64 on Friday. The company’s 50-day moving average is $511.51 and its 200 day moving average is $483.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. The stock has a market capitalization of $252.74 billion, a P/E ratio of 36.30, a P/E/G ratio of 3.43 and a beta of 0.72. Linde PLC has a 1 year low of $387.78 and a 1 year high of $547.22.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.60 billion. During the same quarter in the prior year, the business earned $3.95 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. On average, sell-side analysts expect that Linde PLC will post 17.86 earnings per share for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 4th. Linde’s dividend payout ratio is presently 42.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup started coverage on shares of Linde in a research note on Wednesday, June 24th. They issued an “overweight” rating for the company. JPMorgan Chase & Co. lifted their price objective on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. UBS Group reiterated a “buy” rating and issued a $600.00 target price on shares of Linde in a research report on Tuesday, June 2nd. Seaport Research Partners increased their target price on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, BMO Capital Markets restated an “outperform” rating and set a $560.00 price target on shares of Linde in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Linde has an average rating of “Buy” and a consensus price target of $543.27.

Linde Company Profile

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher?value specialty and electronic gases.