Wedbush Securities Inc. Purchases Shares of 8,061 Linde PLC $LIN

Wedbush Securities Inc. purchased a new position in Linde PLC (NASDAQ:LIN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,061 shares of the basic materials company’s stock, valued at approximately $4,183,000.

A number of other large investors have also modified their holdings of the business. Darwin Wealth Management LLC purchased a new position in shares of Linde in the 2nd quarter valued at approximately $25,000. Legacy Wealth Managment LLC ID boosted its stake in Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 28 shares in the last quarter. Triumph Capital Management grew its position in Linde by 69.2% during the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 27 shares during the last quarter. Strengthening Families & Communities LLC grew its position in Linde by 134.5% during the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 39 shares during the last quarter. Finally, High Note Wealth LLC increased its stake in Linde by 108.6% during the 4th quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of research analyst reports. UBS Group set a $612.00 price target on shares of Linde in a report on Monday, August 3rd. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Citigroup reduced their target price on Linde from $600.00 to $580.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Evercore reaffirmed an “outperform” rating and set a $525.00 price target on shares of Linde in a research report on Friday, July 10th. Finally, The Goldman Sachs Group set a $580.00 price target on Linde in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Linde currently has an average rating of “Buy” and an average target price of $545.38.

Linde Stock Performance

LIN opened at $489.51 on Friday. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $225.65 billion, a PE ratio of 31.62, a P/E/G ratio of 3.08 and a beta of 0.72. The firm has a 50 day moving average of $505.33 and a two-hundred day moving average of $501.23.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, beating the consensus estimate of $4.49 by $0.01. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $4.09 EPS. 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, analysts anticipate that Linde PLC will post 17.85 EPS for the current year.

Linde Announces Dividend

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

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.