Heirloom Wealth Management Has $16.07 Million Position in Linde PLC $LIN

Heirloom Wealth Management grew its holdings in shares of Linde PLC (NASDAQ:LIN) by 26.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,679 shares of the basic materials company’s stock after buying an additional 7,944 shares during the quarter. Linde makes up 3.7% of Heirloom Wealth Management’s portfolio, making the stock its 11th largest position. Heirloom Wealth Management’s holdings in Linde were worth $16,066,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. State Street Corp grew its holdings in shares of Linde by 0.9% in the 3rd quarter. State Street Corp now owns 19,319,583 shares of the basic materials company’s stock valued at $9,176,828,000 after acquiring an additional 172,162 shares in the last quarter. Capital Research Global Investors raised its holdings in Linde by 0.9% during the third quarter. Capital Research Global Investors now owns 9,329,728 shares of the basic materials company’s stock worth $4,431,639,000 after acquiring an additional 83,236 shares in the last quarter. Invesco Ltd. boosted its position in Linde by 6.0% during the third quarter. Invesco Ltd. now owns 4,287,566 shares of the basic materials company’s stock valued at $2,036,594,000 after purchasing an additional 242,733 shares during the last quarter. Franklin Resources Inc. boosted its position in Linde by 4.8% during the third quarter. Franklin Resources Inc. now owns 3,895,026 shares of the basic materials company’s stock valued at $1,850,137,000 after purchasing an additional 176,650 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Linde by 1.1% in the second quarter. Ameriprise Financial Inc. now owns 3,605,118 shares of the basic materials company’s stock valued at $1,690,961,000 after purchasing an additional 40,216 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Linde news, EVP Sean Durbin sold 6,520 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the transaction, the executive vice president owned 8,151 shares in the company, valued at $3,890,227.77. This trade represents a 44.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Guillermo Bichara sold 9,455 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $480.45, for a total value of $4,542,654.75. Following the transaction, the vice president owned 22,138 shares in the company, valued at $10,636,202.10. The trade was a 29.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 20,332 shares of company stock worth $9,749,257. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on LIN. CICC Research assumed coverage on Linde in a research report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price target on the stock. Citigroup raised their target price on shares of Linde from $540.00 to $545.00 and gave the company a “buy” rating in a research note on Friday, February 6th. UBS Group restated a “buy” rating on shares of Linde in a report on Wednesday, March 11th. Weiss Ratings raised shares of Linde from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Finally, Erste Group Bank upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $515.20.

Linde Trading Down 0.7%

Shares of LIN stock opened at $495.76 on Wednesday. The firm has a 50 day moving average price of $480.12 and a two-hundred day moving average price of $451.29. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $229.73 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 3.28 and a beta of 0.82. Linde PLC has a 12-month low of $387.78 and a 12-month high of $510.65.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, February 5th. The basic materials company reported $4.20 EPS for the quarter, beating the consensus estimate of $4.18 by $0.02. The company had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.64 billion. Linde had a return on equity of 19.52% and a net margin of 20.30%.The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.97 earnings per share. Linde has set its Q1 2026 guidance at 4.200-4.300 EPS and its FY 2026 guidance at 17.400-17.900 EPS. As a group, analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Wednesday, March 11th were issued a $1.60 dividend. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Linde’s previous quarterly dividend of $1.50. Linde’s payout ratio is currently 43.87%.

Linde 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.