Spire Wealth Management Has $301,000 Holdings in Linde PLC $LIN

Spire Wealth Management lessened its position in shares of Linde PLC (NASDAQ:LIN) by 93.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 705 shares of the basic materials company’s stock after selling 10,070 shares during the period. Spire Wealth Management’s holdings in Linde were worth $301,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LIN. Temasek Holdings Private Ltd increased its holdings in Linde by 45.5% in the third quarter. Temasek Holdings Private Ltd now owns 236,206 shares of the basic materials company’s stock worth $112,198,000 after purchasing an additional 73,850 shares in the last quarter. S.E.E.D. Planning Group LLC boosted its holdings in shares of Linde by 8.9% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 27,341 shares of the basic materials company’s stock worth $11,658,000 after buying an additional 2,234 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Linde during the 3rd quarter worth approximately $4,243,000. National Pension Service grew its position in shares of Linde by 2.6% during the 3rd quarter. National Pension Service now owns 967,516 shares of the basic materials company’s stock worth $459,570,000 after buying an additional 24,624 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of Linde by 12.3% in the 3rd quarter. Cerity Partners LLC now owns 205,318 shares of the basic materials company’s stock valued at $97,526,000 after acquiring an additional 22,489 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity

In related news, EVP Sean Durbin sold 6,520 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total value of $3,111,800.40. Following the sale, the executive vice president owned 8,151 shares in the company, valued at $3,890,227.77. This represents a 44.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Guillermo Bichara sold 4,357 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $480.79, for a total transaction of $2,094,802.03. Following the completion of the transaction, the vice president directly owned 22,138 shares in the company, valued at approximately $10,643,729.02. The trade was a 16.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 20,332 shares of company stock valued at $9,749,257. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LIN shares. Erste Group Bank upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Citigroup raised their price target on shares of Linde from $540.00 to $545.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Mizuho set a $525.00 price target on shares of Linde in a research note on Friday, February 6th. Royal Bank Of Canada cut their price objective on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. Finally, JPMorgan Chase & Co. upgraded Linde from a “neutral” rating to an “overweight” rating and raised their target price for the company from $455.00 to $525.00 in a research note on Friday, March 13th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $515.20.

Linde Price Performance

Shares of NASDAQ:LIN opened at $502.60 on Friday. Linde PLC has a twelve month low of $387.78 and a twelve month high of $510.65. The stock’s 50 day moving average is $482.34 and its 200-day moving average is $451.94. 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 firm has a market capitalization of $232.90 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 3.24 and a beta of 0.78.

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

Linde Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 11th were given a dividend of $1.60 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This is a boost from Linde’s previous quarterly dividend of $1.50. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. Linde’s payout ratio is presently 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.