Greenleaf Trust Takes Position in Linde PLC $LIN

Greenleaf Trust bought a new position in shares of Linde PLC (NASDAQ:LIN) in the second quarter, Holdings Channel reports. The institutional investor bought 9,441 shares of the basic materials company’s stock, valued at approximately $4,899,000.

Several other hedge funds have also recently modified their holdings of LIN. Brighton Jones LLC acquired a new stake in Linde in the 4th quarter worth about $2,752,000. Revolve Wealth Partners LLC increased its stake in Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after buying an additional 96 shares in the last quarter. Sivia Capital Partners LLC raised its holdings 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 valued at $736,000 after acquiring an additional 259 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings 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 acquiring an additional 145 shares during the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Linde by 3.2% in the second quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock valued at $2,639,000 after acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the topic of a number of research analyst reports. UBS Group set a $612.00 price target on Linde in a research note on Monday, August 3rd. Evercore reissued an “outperform” rating and issued a $525.00 price objective on shares of Linde in a research note on Friday, July 10th. Citigroup decreased their price objective on Linde from $600.00 to $580.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 target price on shares of Linde in a research note on Monday, May 4th. Finally, BMO Capital Markets dropped their target price on shares of Linde from $560.00 to $546.00 and set an “outperform” rating for the company in a report on Monday, August 10th. One investment 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 stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $545.38.

Linde Trading Up 0.9%

LIN opened at $489.51 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. The company’s 50 day simple moving average is $505.33 and its two-hundred day simple moving average is $501.23. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The firm has a market capitalization of $225.65 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72.

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

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Linde’s payout ratio is 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.