Encompass Capital Advisors LLC Takes Position in Linde PLC $LIN

Encompass Capital Advisors LLC acquired a new stake in Linde PLC (NASDAQ:LIN) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 50,000 shares of the basic materials company’s stock, valued at approximately $24,788,000.

A number of other institutional investors also recently bought and sold shares of the stock. Capital International Investors lifted its stake in Linde by 20.1% during the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock valued at $3,245,255,000 after acquiring an additional 1,275,477 shares during the period. J. Safra Sarasin Holding AG increased its stake in shares of Linde by 3.0% in the fourth quarter. J. Safra Sarasin Holding AG now owns 83,262 shares of the basic materials company’s stock worth $35,493,000 after acquiring an additional 2,408 shares during the period. Boston Trust Walden Corp increased its stake in shares of Linde by 143.4% in the fourth quarter. Boston Trust Walden Corp now owns 15,044 shares of the basic materials company’s stock worth $6,415,000 after acquiring an additional 8,863 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Linde by 177.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,263,064 shares of the basic materials company’s stock worth $538,558,000 after purchasing an additional 807,370 shares during the last quarter. Finally, Trium Capital LLP raised its holdings in shares of Linde by 85.3% during the fourth quarter. Trium Capital LLP now owns 5,132 shares of the basic materials company’s stock worth $2,188,000 after purchasing an additional 2,362 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Price Performance

NASDAQ:LIN opened at $507.02 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. The company has a 50 day moving average price of $515.98 and a 200-day moving average price of $494.86. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The firm has a market cap of $234.42 billion, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of 3.23 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 (EPS) for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The firm had revenue of $8.78 billion for 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% compared to the same quarter last year. During the same period in the prior 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. Equities research analysts forecast that Linde PLC will post 17.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Linde in a research report on Friday, July 17th. Sanford C. Bernstein set a $559.00 price objective on Linde in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $575.00 price objective on shares of Linde in a report on Monday, May 4th. Finally, Seaport Research Partners upped their target price on Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $548.67.

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.