SteelPeak Wealth LLC Has $12.19 Million Position in Linde PLC $LIN

SteelPeak Wealth LLC decreased its holdings in shares of Linde PLC (NASDAQ:LIN) by 30.3% in the 1st quarter, HoldingsChannel reports. The firm owned 24,589 shares of the basic materials company’s stock after selling 10,683 shares during the period. SteelPeak Wealth LLC’s holdings in Linde were worth $12,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of LIN. Darwin Wealth Management LLC bought a new stake in shares of Linde during the 2nd quarter worth about $25,000. Triumph Capital Management boosted its holdings in shares of Linde by 69.2% during the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 27 shares during the period. Saranac Partners Ltd acquired a new position in shares of Linde in the third quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Linde in the third quarter valued at approximately $29,000. Finally, Strengthening Families & Communities LLC increased its stake in shares of Linde by 134.5% during the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 39 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LIN has been the subject of several recent research reports. UBS Group restated a “buy” rating and issued a $600.00 price target on shares of Linde in a research note on Tuesday, June 2nd. Seaport Research Partners raised their price target on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 target price on shares of Linde in a report on Monday, May 4th. Finally, Royal Bank Of Canada boosted their price target on Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $541.75.

Linde Trading Up 1.3%

LIN opened at $520.74 on Friday. The stock has a market capitalization of $240.76 billion, a price-to-earnings ratio of 34.58, a P/E/G ratio of 3.23 and a beta of 0.72. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. Linde PLC has a twelve month low of $387.78 and a twelve month high of $548.20. The company has a 50-day simple moving average of $515.55 and a 200 day simple moving average of $490.93.

Linde (NASDAQ:LIN) last released its earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, beating the consensus estimate of $4.27 by $0.06. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $3.95 EPS. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Analysts predict that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 4th. Linde’s dividend payout ratio (DPR) is 42.50%.

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.