Capital Management Associates NY Sells 2,500 Shares of Linde PLC $LIN

Capital Management Associates NY trimmed its holdings in shares of Linde PLC (NASDAQ:LIN) by 50.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,500 shares of the basic materials company’s stock after selling 2,500 shares during the period. Linde comprises 2.1% of Capital Management Associates NY’s holdings, making the stock its 26th largest position. Capital Management Associates NY’s holdings in Linde were worth $1,239,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LIN. Darwin Wealth Management LLC bought a new stake in shares of Linde during the 2nd quarter worth approximately $25,000. Triumph Capital Management boosted its holdings 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 valued at $28,000 after buying an additional 27 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of Linde in the third quarter valued at $29,000. Saranac Partners Ltd bought a new position in shares of Linde in the third quarter valued at $29,000. Finally, Strengthening Families & Communities LLC grew its stake in shares of Linde by 134.5% in the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after buying an additional 39 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Linde Trading Down 1.1%

Shares of NASDAQ:LIN opened at $524.06 on Tuesday. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The stock has a market cap of $242.30 billion, a PE ratio of 34.80, a P/E/G ratio of 3.33 and a beta of 0.72. The business has a 50 day moving average of $514.32 and a 200-day moving average of $488.88. 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 announced its earnings results 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 for the quarter, compared to analyst estimates of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The firm’s quarterly 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 forecast that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 4th. Linde’s dividend payout ratio is currently 42.50%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. 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 report on Friday, April 17th. BMO Capital Markets reissued an “outperform” rating and issued a $560.00 price objective on shares of Linde in a research report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. 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, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $575.00 target price on shares of Linde in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $541.75.

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.