Axxcess Wealth Management LLC Buys 20,079 Shares of Linde PLC $LIN

Axxcess Wealth Management LLC lifted its stake in shares of Linde PLC (NASDAQ:LIN) by 124.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,181 shares of the basic materials company’s stock after purchasing an additional 20,079 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Linde were worth $15,427,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LIN. S.E.E.D. Planning Group LLC increased its stake in shares of Linde by 8.9% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 27,341 shares of the basic materials company’s stock worth $11,658,000 after purchasing an additional 2,234 shares during the last quarter. Caprock Group LLC purchased a new position in Linde in the 3rd quarter valued at approximately $4,243,000. Temasek Holdings Private Ltd grew its stake in Linde by 45.5% in the 3rd quarter. Temasek Holdings Private Ltd now owns 236,206 shares of the basic materials company’s stock valued at $112,198,000 after buying an additional 73,850 shares in the last quarter. Boston Trust Walden Corp grew its stake in Linde by 143.4% in the 4th quarter. Boston Trust Walden Corp now owns 15,044 shares of the basic materials company’s stock valued at $6,415,000 after buying an additional 8,863 shares in the last quarter. Finally, National Pension Service grew its stake in Linde by 2.6% in the 3rd quarter. National Pension Service now owns 967,516 shares of the basic materials company’s stock valued at $459,570,000 after buying an additional 24,624 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Insider Transactions at Linde

In related news, EVP Sean Durbin sold 6,520 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total value of $3,111,800.40. Following the completion of the transaction, the executive vice president directly owned 8,151 shares of the company’s stock, valued at $3,890,227.77. This represents a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Guillermo Bichara sold 4,357 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $480.79, for a total transaction of $2,094,802.03. Following the completion of the transaction, the vice president directly owned 22,138 shares of the company’s stock, valued at approximately $10,643,729.02. The trade was a 16.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by corporate insiders.

Linde Stock Performance

Shares of NASDAQ:LIN opened at $517.58 on Friday. The company has a market cap of $239.30 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 3.23 and a beta of 0.73. The company has a 50-day moving average price of $499.78 and a 200-day moving average price of $462.12. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. Linde PLC has a 12 month low of $387.78 and a 12 month high of $521.28.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, beating the consensus estimate of $4.27 by $0.06. The firm had revenue of $8.78 billion during 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 company’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. As a group, equities analysts anticipate that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 4th. Linde’s dividend payout ratio is presently 42.50%.

Analysts Set New Price Targets

LIN has been the subject of several analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $560.00 price target on shares of Linde in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 price objective on shares of Linde in a report on Monday, May 4th. Royal Bank Of Canada lifted their price objective on shares of Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. UBS Group lifted their price objective on shares of Linde from $550.00 to $579.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Finally, 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 report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $540.00.

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.