Public Employees Retirement System of Ohio Takes $113.51 Million Position in Linde PLC $LIN

Public Employees Retirement System of Ohio purchased a new position in Linde PLC (NASDAQ:LIN) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 218,742 shares of the basic materials company’s stock, valued at approximately $113,514,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in Linde during the 4th quarter valued at $2,752,000. Revolve Wealth Partners LLC lifted its position in shares of Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 96 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of Linde by 19.8% during the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock worth $736,000 after purchasing an additional 259 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in shares of Linde by 19.3% during the second quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock valued at $421,000 after purchasing an additional 145 shares during the period. Finally, Gabelli Funds LLC boosted its stake in shares of Linde by 3.2% during the second quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock valued at $2,639,000 after purchasing an additional 175 shares during the period. 82.80% of the stock is owned by institutional investors.

Linde Price Performance

LIN opened at $485.35 on Friday. The company has a market capitalization of $223.74 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 3.09 and a beta of 0.72. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The business’s fifty day simple moving average is $505.78 and its 200-day simple moving average is $501.31.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%.The firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same period in the previous year, the company posted $4.09 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. On average, equities research analysts anticipate that Linde PLC will post 17.85 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be issued a $1.60 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. Linde’s payout ratio is currently 41.34%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LIN. Citigroup cut their price target on shares of Linde from $600.00 to $580.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Sanford C. Bernstein boosted their price objective on shares of Linde from $559.00 to $564.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada reduced their target price on shares of Linde from $576.00 to $553.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Finally, BMO Capital Markets decreased their price target on shares of Linde from $560.00 to $546.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $545.38.

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.