Greenleaf Trust Acquires Shares of 9,441 Linde PLC $LIN

Greenleaf Trust acquired a new stake in Linde PLC (NASDAQ:LIN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,441 shares of the basic materials company’s stock, valued at approximately $4,899,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Darwin Wealth Management LLC purchased a new stake in Linde in the second quarter valued at $25,000. Legacy Wealth Managment LLC ID lifted its holdings in shares of 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 buying an additional 28 shares during the period. Manning & Napier Advisors LLC boosted its stake in shares of Linde by 1,450.0% in the first quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock worth $31,000 after buying an additional 58 shares during the last quarter. Triumph Capital Management boosted its stake in shares of Linde by 69.2% in the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after buying an additional 27 shares during the last quarter. Finally, Strengthening Families & Communities LLC grew its holdings in 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 acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LIN. BMO Capital Markets reduced their price target on Linde from $560.00 to $546.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $575.00 price objective on shares of Linde in a research report on Monday, May 4th. The Goldman Sachs Group set a $580.00 price objective on shares of Linde in a research note on Monday, August 10th. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Finally, Evercore reiterated an “outperform” rating and issued a $525.00 target price on shares of Linde in a research note on Friday, July 10th. One investment 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. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $545.38.

Linde Price Performance

Shares of Linde stock opened at $489.51 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. Linde PLC has a twelve month low of $387.78 and a twelve month high of $548.20. The business has a 50-day moving average price of $505.33 and a 200 day moving average price of $501.23. The firm has a market cap of $225.65 billion, a PE ratio of 31.62, a P/E/G ratio of 3.08 and a beta of 0.72.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.01. The company had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%.Linde’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Sell-side analysts predict that Linde PLC will post 17.85 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Linde’s dividend payout ratio 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.