Lansforsakringar Fondforvaltning AB publ Purchases 22,209 Shares of Linde PLC $LIN

Lansforsakringar Fondforvaltning AB publ increased its position in Linde PLC (NASDAQ:LIN) by 14.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 171,299 shares of the basic materials company’s stock after purchasing an additional 22,209 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Linde were worth $84,923,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new position in Linde during the second quarter valued at $25,000. Triumph Capital Management grew its position in shares of Linde by 69.2% in the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after buying an additional 27 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Linde in the 3rd quarter worth about $29,000. Saranac Partners Ltd bought a new position in shares of Linde in the 3rd quarter worth about $29,000. Finally, Strengthening Families & Communities LLC increased its stake in shares of Linde by 134.5% in the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 39 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 1.6%

Shares of NASDAQ LIN opened at $511.06 on Tuesday. The company has a market cap of $236.29 billion, a PE ratio of 33.93, a P/E/G ratio of 3.26 and a beta of 0.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. The firm’s 50 day moving average price is $508.19 and its 200-day moving average price is $480.66. Linde PLC has a 52-week low of $387.78 and a 52-week high of $527.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $3.95 EPS. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. On average, equities research analysts expect that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a $1.60 dividend. The ex-dividend date was Thursday, June 4th. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. Linde’s payout ratio is currently 42.50%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LIN. Royal Bank Of Canada boosted their price objective on shares of Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. UBS Group reiterated a “buy” rating and set a $600.00 target price on shares of Linde in a report on Tuesday, June 2nd. Citigroup initiated coverage on Linde in a research report on Wednesday, June 24th. They issued an “overweight” rating on the stock. Seaport Research Partners upped their price target on Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 price objective on shares of Linde in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Linde has a consensus rating of “Buy” and a consensus price target of $543.27.

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.