Quadrant Capital Group LLC Lowers Holdings in Linde PLC $LIN

Quadrant Capital Group LLC decreased its holdings in Linde PLC (NASDAQ:LIN) by 25.5% in the 4th quarter, HoldingsChannel reports. The firm owned 9,913 shares of the basic materials company’s stock after selling 3,395 shares during the quarter. Quadrant Capital Group LLC’s holdings in Linde were worth $4,227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Darwin Wealth Management LLC purchased a new position in shares of Linde in the second quarter valued at approximately $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Linde in the third quarter valued at approximately $29,000. Saranac Partners Ltd purchased a new position in shares of Linde in the third quarter valued at approximately $29,000. 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 valued at $28,000 after purchasing an additional 27 shares during the period. Finally, Caitlin John LLC purchased a new position in shares of Linde in the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on LIN shares. BMO Capital Markets reissued an “outperform” rating and issued a $560.00 price objective on shares of Linde in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $575.00 price objective on shares of Linde in a research note on Monday, May 4th. UBS Group reissued a “buy” rating and issued a $600.00 price objective on shares of Linde in a research note on Tuesday, June 2nd. Seaport Research Partners raised their price objective on shares of Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Citigroup raised their price objective on shares of Linde from $580.00 to $585.00 and gave the company a “buy” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Linde presently has an average rating of “Buy” and an average target price of $541.91.

Linde Stock Up 1.6%

Shares of NASDAQ:LIN opened at $523.57 on Friday. The firm’s 50 day moving average price is $504.86 and its 200 day moving average price is $471.51. The stock has a market cap of $242.07 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 3.24 and a beta of 0.72. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $525.82. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.27 by $0.06. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.95 earnings per share. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. As a group, equities research analysts predict that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $1.60 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.2%. Linde’s dividend payout ratio (DPR) is 42.50%.

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.