SteelPeak Wealth LLC Has $15.04 Million Stake in Linde PLC $LIN

SteelPeak Wealth LLC grew its stake in shares of Linde PLC (NASDAQ:LIN) by 34.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,272 shares of the basic materials company’s stock after buying an additional 9,028 shares during the period. SteelPeak Wealth LLC’s holdings in Linde were worth $15,040,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of LIN. Temasek Holdings Private Ltd lifted its holdings in Linde by 45.5% during the third quarter. Temasek Holdings Private Ltd now owns 236,206 shares of the basic materials company’s stock worth $112,198,000 after acquiring an additional 73,850 shares in the last quarter. Caprock Group LLC bought a new stake in shares of Linde in the third quarter worth about $4,243,000. S.E.E.D. Planning Group LLC raised its position in shares of Linde by 8.9% during the fourth 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 purchasing an additional 2,234 shares during the period. National Pension Service raised its position in shares of Linde by 2.6% during the third quarter. National Pension Service now owns 967,516 shares of the basic materials company’s stock worth $459,570,000 after purchasing an additional 24,624 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of Linde by 12.3% during the 3rd quarter. Cerity Partners LLC now owns 205,318 shares of the basic materials company’s stock valued at $97,526,000 after purchasing an additional 22,489 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Mizuho set a $525.00 target price on Linde in a research note on Friday, February 6th. JPMorgan Chase & Co. raised shares of Linde from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $455.00 to $525.00 in a research note on Friday, March 13th. Weiss Ratings upgraded shares of Linde from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. UBS Group reissued a “buy” rating on shares of Linde in a research report on Wednesday, March 11th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Linde in a research report on Tuesday, February 10th. Two investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $515.20.

Linde Price Performance

Shares of LIN opened at $502.60 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 0.52. Linde PLC has a twelve month low of $387.78 and a twelve month high of $510.65. The stock has a market capitalization of $232.90 billion, a P/E ratio of 34.45, a P/E/G ratio of 3.30 and a beta of 0.78. The company has a 50 day moving average of $483.36 and a 200-day moving average of $452.12.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 5th. The basic materials company reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.02. The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.64 billion. Linde had a net margin of 20.30% and a return on equity of 19.52%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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, equities research analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Increases Dividend

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

Insider Activity

In related news, EVP Sean Durbin sold 6,520 shares of Linde stock in a transaction dated Tuesday, March 10th. The stock was 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 of the company’s stock, valued at approximately $3,890,227.77. The trade was a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Guillermo Bichara sold 9,455 shares of the company’s stock in a transaction dated 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,332 shares of company stock valued at $9,749,257 in the last 90 days. 0.70% of the stock is owned by corporate insiders.

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.