Gateway Wealth Partners LLC Invests $1.35 Million in Linde PLC $LIN

Gateway Wealth Partners LLC purchased a new position in shares of Linde PLC (NASDAQ:LIN) during the 1st quarter, Holdings Channel.com reports. The firm purchased 2,720 shares of the basic materials company’s stock, valued at approximately $1,349,000.

A number of other hedge funds have also added to or reduced their stakes in LIN. Vanguard Group Inc. raised its position in Linde by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 44,953,116 shares of the basic materials company’s stock valued at $19,167,559,000 after purchasing an additional 354,800 shares in the last quarter. State Street Corp increased its stake in shares of Linde by 0.9% in the 3rd quarter. State Street Corp now owns 19,319,583 shares of the basic materials company’s stock valued at $9,176,828,000 after purchasing an additional 172,162 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Linde by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 11,353,011 shares of the basic materials company’s stock valued at $4,820,533,000 after purchasing an additional 35,945 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Linde by 8.6% during the 4th quarter. Capital Research Global Investors now owns 10,127,594 shares of the basic materials company’s stock worth $4,318,325,000 after buying an additional 797,866 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Linde by 7.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,784,371 shares of the basic materials company’s stock worth $4,171,959,000 after buying an additional 695,771 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Linde Price Performance

Shares of NASDAQ:LIN opened at $511.18 on Wednesday. The firm has a market cap 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 firm’s fifty day moving average is $516.08 and its 200-day moving average is $495.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. Linde PLC has a 52 week low of $387.78 and a 52 week high of $548.20.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.Linde’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business 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. Sell-side analysts predict that Linde PLC will post 17.89 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 3rd. Linde’s payout ratio is 42.50%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LIN shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $575.00 price objective on shares of Linde in a research note on Monday, May 4th. Citigroup began coverage on Linde in a research note on Wednesday, June 24th. They set an “overweight” rating for the company. Sanford C. Bernstein set a $559.00 target price on shares of Linde in a report on Friday, July 17th. UBS Group restated a “buy” rating and issued a $600.00 price target on shares of Linde in a research note on Tuesday, June 2nd. Finally, Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $548.67.

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.