Forum Financial Management LP Lowers Stake in Linde PLC $LIN

Forum Financial Management LP reduced its stake in Linde PLC (NASDAQ:LIN) by 89.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 546 shares of the basic materials company’s stock after selling 4,590 shares during the period. Forum Financial Management LP’s holdings in Linde were worth $271,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Meadowbrook Advisors Group LLC grew its stake in Linde by 4.3% in the first quarter. Meadowbrook Advisors Group LLC now owns 511 shares of the basic materials company’s stock worth $253,000 after purchasing an additional 21 shares in the last quarter. Blalock Williams LLC raised its position in Linde by 4.5% during the 4th quarter. Blalock Williams LLC now owns 510 shares of the basic materials company’s stock valued at $217,000 after purchasing an additional 22 shares in the last quarter. Mutual Advisors LLC lifted its holdings in shares of Linde by 2.0% in the 4th quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company’s stock worth $470,000 after buying an additional 22 shares during the period. Binnacle Investments Inc lifted its holdings in shares of Linde by 10.2% in the 2nd quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock worth $111,000 after buying an additional 22 shares during the period. Finally, Baldwin Wealth Partners LLC MA grew its position in shares of Linde by 3.3% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company’s stock worth $303,000 after buying an additional 23 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Up 2.8%

LIN opened at $533.55 on Thursday. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $538.95. The stock has a market capitalization of $246.69 billion, a price-to-earnings ratio of 35.43, a PEG 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 company has a fifty day moving average of $509.44 and a two-hundred day moving average of $482.47.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping the consensus estimate of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. During the same quarter in the previous year, the firm earned $3.95 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. 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, research analysts expect that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $1.60 per share. The ex-dividend date was Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. Linde’s payout ratio is presently 42.50%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LIN. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 price target on shares of Linde in a research note on Monday, May 4th. BMO Capital Markets reissued an “outperform” rating and set a $560.00 target price on shares of Linde in a research report on Tuesday, May 5th. UBS Group restated a “buy” rating and issued a $600.00 price target on shares of Linde in a report on Tuesday, June 2nd. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Finally, Citigroup assumed coverage on Linde in a research note on Wednesday, June 24th. They issued an “overweight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target 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.