Ritholtz Wealth Management Has $3.40 Million Stake in Linde PLC $LIN

Ritholtz Wealth Management lifted its stake in Linde PLC (NASDAQ:LIN) by 26.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,866 shares of the basic materials company’s stock after purchasing an additional 1,445 shares during the quarter. Ritholtz Wealth Management’s holdings in Linde were worth $3,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Global Financial Private Client LLC purchased a new position in Linde during the first quarter valued at approximately $236,000. Live Oak Private Wealth LLC lifted its position in Linde by 4.1% in the 1st quarter. Live Oak Private Wealth LLC now owns 5,418 shares of the basic materials company’s stock worth $2,686,000 after buying an additional 214 shares in the last quarter. Davis Investment Partners LLC purchased a new stake in Linde in the 1st quarter worth approximately $570,000. RFG Advisory LLC acquired a new stake in shares of Linde during the 1st quarter valued at $426,000. Finally, Banque Cantonale Vaudoise boosted its stake in shares of Linde by 22.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 12,206 shares of the basic materials company’s stock valued at $6,052,000 after buying an additional 2,230 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Performance

LIN stock opened at $519.89 on Friday. The firm has a 50 day moving average of $507.96 and a two-hundred day moving average of $479.18. Linde PLC has a 12 month low of $387.78 and a 12 month high of $527.94. The company has a market capitalization of $240.37 billion, a price-to-earnings ratio of 34.52, a P/E/G ratio of 3.28 and a beta of 0.72. 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 released its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The business had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.60 billion. During the same quarter last year, the firm earned $3.95 EPS. Linde’s revenue for the quarter was up 8.2% on a year-over-year basis. 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 analysts anticipate that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, June 4th. Linde’s dividend payout ratio (DPR) is 42.50%.

Analyst Upgrades and Downgrades

LIN has been the topic of a number of research reports. Seaport Research Partners upped their price target on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. UBS Group reissued a “buy” rating and set a $600.00 price objective on shares of Linde in a research report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $575.00 target price on shares of Linde in a research note on Monday, May 4th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $560.00 target price on shares of Linde in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada raised their price target on Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $543.27.

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.