Sit Investment Associates Inc. Has $19.42 Million Stock Position in Linde PLC $LIN

Sit Investment Associates Inc. raised its position in Linde PLC (NASDAQ:LIN) by 18.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,548 shares of the basic materials company’s stock after purchasing an additional 7,025 shares during the quarter. Sit Investment Associates Inc.’s holdings in Linde were worth $19,421,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LIN. Darwin Wealth Management LLC acquired a new stake in Linde in the second quarter valued at approximately $25,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Linde during the 3rd quarter worth $29,000. Saranac Partners Ltd acquired a new position in shares of Linde during the 3rd quarter worth $29,000. Triumph Capital Management raised its holdings in shares of Linde by 69.2% during the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 27 shares in the last quarter. Finally, Caitlin John LLC acquired a new stake in shares of Linde in the 3rd quarter valued at $32,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on LIN. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Citigroup upped their price target on Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $575.00 price objective on shares of Linde in a report on Monday, May 4th. BMO Capital Markets reissued an “outperform” rating and issued a $560.00 price objective on shares of Linde in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. upped their target price on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. One 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 data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $541.91.

Linde Stock Down 0.7%

Linde stock opened at $512.15 on Friday. The firm has a market cap of $236.79 billion, a price-to-earnings ratio of 34.01, a P/E/G ratio of 3.24 and a beta of 0.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $525.87. The firm has a fifty day moving average price of $506.23 and a two-hundred day moving average price of $475.01.

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, beating the consensus estimate of $4.27 by $0.06. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $3.95 earnings per share. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. As a group, analysts forecast that Linde PLC will post 17.86 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $1.60 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. Linde’s dividend payout ratio (DPR) is 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.