Linde PLC $LIN Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in Linde PLC (NASDAQ:LIN) by 48.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 224,522 shares of the basic materials company’s stock after buying an additional 73,143 shares during the quarter. Quantinno Capital Management LP’s holdings in Linde were worth $111,309,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Lazard Asset Management LLC lifted its position in shares of Linde by 1.5% during the first quarter. Lazard Asset Management LLC now owns 654,947 shares of the basic materials company’s stock worth $324,826,000 after purchasing an additional 9,545 shares in the last quarter. ABS Direct Equity Fund LLC acquired a new position in shares of Linde in the first quarter valued at approximately $336,000. Cardiff Park Advisors LLC acquired a new position in shares of Linde in the first quarter valued at approximately $237,000. Gateway Wealth Partners LLC purchased a new stake in Linde during the 1st quarter worth approximately $1,349,000. Finally, Quadcap Wealth Management LLC increased its stake in Linde by 9.8% during the 1st quarter. Quadcap Wealth Management LLC now owns 1,593 shares of the basic materials company’s stock worth $790,000 after buying an additional 142 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LIN. Seaport Research Partners increased their target price on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Citigroup initiated coverage on shares of Linde in a research note on Wednesday, June 24th. They issued an “overweight” rating for the company. 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 report on Monday, May 4th. Sanford C. Bernstein set a $559.00 price objective on Linde in a research note on Friday, July 17th. Finally, UBS Group reiterated a “buy” rating and issued a $600.00 target price on shares of Linde in a report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven 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 presently has a consensus rating of “Buy” and an average target price of $548.67.

Linde Stock Down 1.0%

LIN stock opened at $507.02 on Tuesday. The company’s 50 day moving average price is $515.98 and its 200 day moving average price is $494.86. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The firm has a market capitalization of $234.42 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 3.23 and a beta of 0.72.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, topping 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 company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. During the same quarter in the previous year, the firm earned $3.95 earnings per share. The firm’s quarterly revenue 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. On average, equities research analysts anticipate that Linde PLC will post 17.89 EPS for the current fiscal year.

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.