Burling Wealth Partners LLC Buys 1,413 Shares of Linde PLC $LIN

Burling Wealth Partners LLC increased its stake in Linde PLC (NASDAQ:LIN) by 17.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 9,545 shares of the basic materials company’s stock after purchasing an additional 1,413 shares during the quarter. Burling Wealth Partners LLC’s holdings in Linde were worth $4,732,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Linde by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 44,953,116 shares of the basic materials company’s stock worth $19,167,559,000 after buying an additional 354,800 shares during the last quarter. State Street Corp boosted its holdings in shares of Linde by 0.9% during the 3rd quarter. State Street Corp now owns 19,319,583 shares of the basic materials company’s stock worth $9,176,828,000 after buying an additional 172,162 shares during the period. Geode Capital Management LLC grew its stake in Linde by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 11,353,011 shares of the basic materials company’s stock valued at $4,820,533,000 after buying an additional 35,945 shares during the last quarter. Capital Research Global Investors grew its stake in Linde by 8.6% in the 4th quarter. Capital Research Global Investors now owns 10,127,594 shares of the basic materials company’s stock valued at $4,318,325,000 after buying an additional 797,866 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Linde by 7.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,784,371 shares of the basic materials company’s stock worth $4,171,959,000 after acquiring an additional 695,771 shares during the period. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on LIN. Citigroup assumed coverage on shares of Linde in a research report on Wednesday, June 24th. They set an “overweight” rating for the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Linde in a research report on Friday. Sanford C. Bernstein set a $559.00 price objective on Linde in a research note on Friday. Evercore reaffirmed an “outperform” rating and issued a $525.00 target price on shares of Linde in a report on Friday, July 10th. Finally, UBS Group reaffirmed a “buy” rating and issued a $600.00 price target on shares of Linde in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $548.67.

Linde Price Performance

Shares of LIN stock opened at $512.05 on Tuesday. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The company has a market capitalization of $236.74 billion, a P/E ratio of 34.00, a P/E/G ratio of 3.22 and a beta of 0.72. The stock has a 50 day moving average of $516.10 and a two-hundred day moving average of $492.13. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. The business had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.Linde’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.95 earnings per share. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. As a group, equities analysts expect that Linde PLC will post 17.88 EPS for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued 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 payout ratio is 42.50%.

About Linde

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.