Clearstead Trust LLC Has $3.78 Million Position in Linde PLC $LIN

Clearstead Trust LLC boosted its holdings in Linde PLC (NASDAQ:LIN) by 29.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 7,624 shares of the basic materials company’s stock after acquiring an additional 1,740 shares during the quarter. Linde accounts for about 0.6% of Clearstead Trust LLC’s holdings, making the stock its 29th biggest position. Clearstead Trust LLC’s holdings in Linde were worth $3,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of Linde in the fourth quarter valued at $3,246,750,000. SG Americas Securities LLC increased its position in shares of Linde by 10,454.4% during the fourth quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock worth $1,033,940,000 after acquiring an additional 2,401,894 shares in the last quarter. Auto Owners Insurance Co raised its holdings in shares of Linde by 42,539.0% in the 4th quarter. Auto Owners Insurance Co now owns 1,321,809 shares of the basic materials company’s stock worth $56,361,000 after acquiring an additional 1,318,709 shares during the last quarter. Capital International Investors raised its holdings in shares of Linde by 20.1% in the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after acquiring an additional 1,275,477 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Linde by 40.2% in the 4th quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock valued at $1,680,710,000 after acquiring an additional 1,130,001 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 1.3%

Shares of LIN stock opened at $520.74 on Friday. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. The company has a 50-day simple moving average of $515.55 and a two-hundred day simple moving average of $490.93. The company has a market capitalization of $240.76 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 3.23 and a beta of 0.72.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping the consensus estimate of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. During the same quarter last year, the firm earned $3.95 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Research analysts anticipate that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 4th. Linde’s dividend payout ratio (DPR) is presently 42.50%.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of analyst reports. UBS Group reiterated a “buy” rating and set a $600.00 price target on shares of Linde in a research note on Tuesday, June 2nd. Royal Bank Of Canada increased their price objective on Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Seaport Research Partners raised their target price on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a report on Friday, April 17th. Citigroup assumed coverage on Linde in a research report on Wednesday, June 24th. They set an “overweight” rating on the stock. Finally, Evercore reiterated an “outperform” rating and set a $525.00 price target on shares of Linde in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Linde presently has an average rating of “Buy” and an average target price of $541.75.

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.