Sequoia Financial Advisors LLC Has $8.71 Million Stock Holdings in Linde PLC $LIN

Sequoia Financial Advisors LLC raised its holdings in shares of Linde PLC (NASDAQ:LIN) by 11.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 17,578 shares of the basic materials company’s stock after acquiring an additional 1,766 shares during the period. Sequoia Financial Advisors LLC’s holdings in Linde were worth $8,714,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Darwin Wealth Management LLC bought a new stake in Linde in the second quarter valued at about $25,000. Triumph Capital Management lifted its stake in 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 buying an additional 27 shares during the period. KERR FINANCIAL PLANNING Corp bought a new position in Linde during the third quarter worth about $29,000. Saranac Partners Ltd bought a new position in Linde during the third quarter worth about $29,000. Finally, Strengthening Families & Communities LLC grew its position in shares of 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 buying an additional 39 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Up 0.8%

Shares of LIN traded up $4.23 on Friday, hitting $529.79. The company’s stock had a trading volume of 1,857,885 shares, compared to its average volume of 2,264,075. The firm’s fifty day moving average price is $513.87 and its 200-day moving average price is $487.73. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $244.95 billion, a price-to-earnings ratio of 35.18, a P/E/G ratio of 3.33 and a beta of 0.72.

Linde (NASDAQ:LIN) last announced 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 firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, equities research analysts expect that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, June 4th. Linde’s dividend payout ratio is 42.50%.

Analysts Set New Price Targets

A number of brokerages have recently commented on LIN. Citigroup began coverage on Linde in a research note on Wednesday, June 24th. They issued an “overweight” rating for the company. Seaport Research Partners lifted their price objective on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. UBS Group restated a “buy” rating and set a $600.00 price objective on shares of Linde in a report on Tuesday, June 2nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $560.00 target price on shares of Linde in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $541.75.

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.