Pinnacle West Asset Management Inc. Buys New Shares in Linde PLC $LIN

Pinnacle West Asset Management Inc. purchased a new stake in Linde PLC (NASDAQ:LIN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,034 shares of the basic materials company’s stock, valued at approximately $537,000.

A number of other large investors also recently modified their holdings of LIN. Brighton Jones LLC bought a new position in shares of Linde in the 4th quarter valued at about $2,752,000. Revolve Wealth Partners LLC raised its holdings in 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 acquiring an additional 96 shares in the last quarter. Sivia Capital Partners LLC boosted its position in 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 purchasing an additional 259 shares during the last quarter. Schnieders Capital Management LLC. boosted its position in 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 last quarter. Finally, Gabelli Funds LLC grew its stake in 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 purchasing an additional 175 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LIN shares. The Goldman Sachs Group set a $580.00 price target on Linde in a research report on Monday, August 10th. Royal Bank Of Canada decreased their target price on shares of Linde from $576.00 to $553.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. UBS Group set a $612.00 target price on shares of Linde in a report on Monday, August 3rd. Citigroup dropped their price target on shares of Linde from $600.00 to $580.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Finally, Evercore reiterated an “outperform” rating and issued a $525.00 price target on shares of Linde in a research note on Friday, July 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $545.38.

Linde Price Performance

Shares of LIN opened at $487.57 on Friday. The company’s 50-day moving average is $508.08 and its 200-day moving average is $500.27. 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 firm has a market capitalization of $224.76 billion, a PE ratio of 31.50, a PEG ratio of 3.03 and a beta of 0.72. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, topping the consensus estimate of $4.49 by $0.01. Linde had a net margin of 20.43% and a return on equity of 20.09%. The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter in the previous year, the firm posted $4.09 EPS. Linde’s revenue was up 9.3% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. Equities analysts forecast that Linde PLC will post 17.85 EPS for the current year.

Linde Dividend Announcement

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