Empowered Funds LLC Has $25.73 Million Holdings in Linde PLC $LIN

Empowered Funds LLC boosted its holdings in Linde PLC (NASDAQ:LIN) by 132.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,891 shares of the basic materials company’s stock after acquiring an additional 29,552 shares during the quarter. Empowered Funds LLC’s holdings in Linde were worth $25,725,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in Linde in the 4th quarter valued at $2,752,000. Revolve Wealth Partners LLC lifted its stake in Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after acquiring an additional 96 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Linde by 19.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock worth $736,000 after acquiring an additional 259 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in Linde by 19.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock worth $421,000 after acquiring an additional 145 shares during the last quarter. Finally, Gabelli Funds LLC grew its stake in shares of Linde by 3.2% in the 2nd quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock worth $2,639,000 after acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Up 0.8%

Shares of NASDAQ:LIN opened at $511.18 on Wednesday. Linde PLC has a 1 year low of $387.78 and a 1 year high of $548.20. The company has a market capitalization of $236.34 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 3.20 and a beta of 0.72. The business has a fifty day moving average price of $516.08 and a two-hundred day moving average price of $495.40. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69.

Linde (NASDAQ:LIN) last released its earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.95 EPS. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Analysts forecast that Linde PLC will post 17.89 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors 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 yield of 1.3%. The ex-dividend date is Thursday, September 3rd. Linde’s dividend payout ratio (DPR) is 42.50%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Seaport Research Partners increased their target price on shares of Linde from $525.00 to $575.00 and gave the company a “buy” rating in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 price target on shares of Linde in a report on Monday, May 4th. JPMorgan Chase & Co. increased their price objective on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Evercore reissued an “outperform” rating and set a $525.00 target price on shares of Linde in a research report on Friday, July 10th. Finally, UBS Group reissued a “buy” rating and set a $600.00 target price on shares of Linde in a research report on Tuesday, June 2nd. 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 has an average rating of “Buy” and an average price target of $548.67.

Linde 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.