Sanctuary Advisors LLC Has $24.23 Million Stock Holdings in Linde PLC $LIN

Sanctuary Advisors LLC boosted its stake in shares of Linde PLC (NASDAQ:LIN) by 10.0% in the first quarter, HoldingsChannel reports. The firm owned 48,863 shares of the basic materials company’s stock after purchasing an additional 4,427 shares during the quarter. Sanctuary Advisors LLC’s holdings in Linde were worth $24,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Darwin Wealth Management LLC bought a new position in Linde in the 2nd quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in Linde during the third quarter worth approximately $29,000. Saranac Partners Ltd bought a new stake in shares of Linde during the third quarter worth approximately $29,000. Manning & Napier Advisors LLC boosted its holdings in shares of Linde by 1,450.0% during the first quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 58 shares during the period. Finally, Triumph Capital Management grew its position in shares of Linde by 69.2% in the fourth 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 during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LIN. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. Citigroup began coverage on Linde in a research note on Wednesday, June 24th. They issued an “overweight” rating for the company. Seaport Research Partners upped their price objective on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $575.00 price objective on shares of Linde in a research report on Monday, May 4th. Finally, UBS Group reissued a “buy” rating and set a $600.00 target price on shares of Linde in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $541.75.

Linde Stock Down 1.6%

Shares of LIN opened at $514.15 on Thursday. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The firm’s 50 day moving average is $515.01 and its 200-day moving average is $490.26. The stock has a market capitalization of $237.72 billion, a PE ratio of 34.14, a P/E/G ratio of 3.28 and a beta of 0.72. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $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. Equities research analysts forecast that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 1.2%. Linde’s payout ratio is currently 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.