Pinnacle West Asset Management Inc. Takes $537,000 Position 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 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,034 shares of the basic materials company’s stock, valued at approximately $537,000.

Other hedge funds have also bought and sold shares of the company. Darwin Wealth Management LLC acquired a new position in shares of Linde during the 2nd quarter worth approximately $25,000. Legacy Wealth Managment LLC ID increased its holdings in shares of Linde by 96.6% during the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 28 shares during the period. Triumph Capital Management raised its position in shares of 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 in the last quarter. Strengthening Families & Communities LLC boosted its stake in shares of Linde by 134.5% in the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after buying an additional 39 shares during the period. Finally, High Note Wealth LLC boosted its stake in shares of Linde by 108.6% in the fourth quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock valued at $31,000 after buying an additional 38 shares during the period. 82.80% of the stock is owned by institutional investors.

Linde Stock Up 1.3%

Shares of LIN opened at $487.57 on Friday. The firm has a 50 day simple moving average of $508.08 and a two-hundred day simple moving average of $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. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The company has a market cap of $224.76 billion, a P/E ratio of 31.50, a P/E/G ratio of 3.03 and a beta of 0.72.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%.The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter last year, the business posted $4.09 EPS. The company’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. Research analysts forecast that Linde PLC will post 17.85 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 3rd. Linde’s dividend payout ratio is currently 41.34%.

Analysts Set New Price Targets

LIN has been the topic of a number of analyst reports. UBS Group set a $612.00 price target on Linde in a research report on Monday, August 3rd. Sanford C. Bernstein upped their target price on Linde from $559.00 to $564.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Evercore reiterated an “outperform” rating and set a $525.00 target price on shares of Linde in a research report on Friday, July 10th. JPMorgan Chase & Co. raised their price target on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, BMO Capital Markets decreased their price target on Linde from $560.00 to $546.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $545.38.

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.