Maridea Wealth Management LLC Purchases 1,348 Shares of Linde PLC $LIN

Maridea Wealth Management LLC boosted its position in shares of Linde PLC (NASDAQ:LIN) by 33.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,413 shares of the basic materials company’s stock after acquiring an additional 1,348 shares during the quarter. Maridea Wealth Management LLC’s holdings in Linde were worth $2,683,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Linde in the fourth quarter worth about $3,246,750,000. SG Americas Securities LLC increased its position in shares of Linde by 10,454.4% during the 4th quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock valued at $1,033,940,000 after purchasing an additional 2,401,894 shares during the last quarter. Auto Owners Insurance Co lifted its stake in shares of Linde by 42,539.0% in the 4th quarter. Auto Owners Insurance Co now owns 1,321,809 shares of the basic materials company’s stock worth $56,361,000 after purchasing an additional 1,318,709 shares during the period. Capital International Investors lifted its stake in shares of Linde by 20.1% in the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after purchasing an additional 1,275,477 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of Linde by 40.2% in the fourth quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock worth $1,680,710,000 after buying an additional 1,130,001 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on LIN. Royal Bank Of Canada boosted their target price on shares of Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $575.00 price target on shares of Linde in a research report on Monday, May 4th. Seaport Research Partners boosted their price objective on shares of Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. upped their price objective on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $543.27.

Linde Stock Down 0.5%

LIN stock opened at $519.89 on Friday. The business’s 50-day moving average price is $507.96 and its 200-day moving average price is $479.18. The stock has a market cap of $240.37 billion, a P/E ratio of 34.52, a PEG 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 PLC has a twelve month low of $387.78 and a twelve month high of $527.94.

Linde (NASDAQ:LIN) last released its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $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 forecast that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

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

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.