Franklin Street Advisors Inc. NC Sells 1,555 Shares of Linde PLC $LIN

Franklin Street Advisors Inc. NC reduced its stake in shares of Linde PLC (NASDAQ:LIN) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 49,964 shares of the basic materials company’s stock after selling 1,555 shares during the period. Linde makes up approximately 1.4% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 20th biggest holding. Franklin Street Advisors Inc. NC’s holdings in Linde were worth $25,928,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new stake in shares of Linde during the second quarter worth $25,000. Legacy Wealth Managment LLC ID lifted its position in Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 28 shares in the last quarter. Triumph Capital Management boosted its stake in Linde by 69.2% in the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 27 shares during the period. Strengthening Families & Communities LLC boosted its stake in Linde by 134.5% in the 4th 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. Finally, High Note Wealth LLC increased its holdings in Linde by 108.6% during the 4th quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the topic of several recent research reports. Evercore reissued an “outperform” rating and issued a $525.00 price target on shares of Linde in a research note on Friday, July 10th. Sanford C. Bernstein upped their price objective on Linde from $559.00 to $564.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Royal Bank Of Canada decreased their price objective on Linde from $576.00 to $553.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $560.00 target price on shares of Linde in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. boosted their target price on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. One equities research 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. Based on data from MarketBeat, Linde currently has a consensus rating of “Buy” and an average target price of $543.67.

Linde Price Performance

Shares of LIN opened at $489.98 on Monday. The company’s 50-day moving average is $513.19 and its 200-day moving average is $498.26. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. The firm has a market capitalization of $225.87 billion, a PE ratio of 31.65, a PEG ratio of 3.09 and a beta of 0.72. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.01. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. Linde’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.09 EPS. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. Equities analysts forecast that Linde PLC will post 17.84 EPS for the current year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Linde’s dividend payout ratio (DPR) is presently 41.34%.

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.