Focused Wealth Management Inc Purchases New Position in Linde PLC $LIN

Focused Wealth Management Inc acquired a new position in shares of Linde PLC (NASDAQ:LIN) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 1,240 shares of the basic materials company’s stock, valued at approximately $615,000.

A number of other hedge funds have also recently added to or reduced their stakes in LIN. Centennial Wealth Advisory LLC acquired a new position in shares of Linde during the first quarter worth $278,000. Keudell Morrison Wealth Management acquired a new position in Linde in the 1st quarter worth about $213,000. Weaver Capital Management LLC increased its holdings in Linde by 11.8% in the 1st quarter. Weaver Capital Management LLC now owns 2,849 shares of the basic materials company’s stock worth $1,413,000 after purchasing an additional 300 shares in the last quarter. Faithward Advisors LLC raised its position in Linde by 115.3% in the first quarter. Faithward Advisors LLC now owns 4,031 shares of the basic materials company’s stock valued at $2,203,000 after purchasing an additional 2,159 shares during the last quarter. Finally, EdgeRock Capital LLC acquired a new stake in shares of Linde during the first quarter valued at about $216,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Down 0.7%

Shares of NASDAQ LIN opened at $512.90 on Wednesday. The firm has a market cap of $237.14 billion, a PE ratio of 34.06, a P/E/G ratio of 3.24 and a beta of 0.72. Linde PLC has a 12-month low of $387.78 and a 12-month high of $525.87. The company’s fifty day simple moving average is $506.92 and its 200 day simple moving average is $477.24. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $8.60 billion. During the same period in the previous year, the firm posted $3.95 earnings per share. The business’s 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. As a group, sell-side analysts forecast that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a $1.60 dividend. The ex-dividend date was Thursday, June 4th. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. Linde’s dividend payout ratio (DPR) is currently 42.50%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LIN. BMO Capital Markets reaffirmed an “outperform” rating and issued a $560.00 price objective on shares of Linde in a research note on Tuesday, May 5th. Citigroup upped their price target on shares of Linde from $580.00 to $585.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. increased their price objective on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Seaport Research Partners lifted their target price on Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $541.91.

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.