Keel Point LLC Sells 1,659 Shares of Linde PLC $LIN

Keel Point LLC cut its stake in shares of Linde PLC (NASDAQ:LIN) by 15.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,926 shares of the basic materials company’s stock after selling 1,659 shares during the period. Keel Point LLC’s holdings in Linde were worth $3,806,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LIN. Brighton Jones LLC bought a new position in Linde during 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 lifted its stake 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 valued at $736,000 after acquiring an additional 259 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in Linde by 19.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock valued at $421,000 after acquiring an additional 145 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in Linde by 3.2% during the 2nd quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock valued at $2,639,000 after acquiring an additional 175 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on LIN. Royal Bank Of Canada raised their price objective on Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Erste Group Bank upgraded Linde from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 target price on shares of Linde in a research report on Monday, May 4th. Seaport Research Partners raised their target price on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, UBS Group reaffirmed a “buy” rating and set a $600.00 target price on shares of Linde in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Linde currently has an average rating of “Buy” and a consensus price target of $541.91.

Linde Trading Up 1.2%

Shares of LIN opened at $515.44 on Friday. The business has a 50-day moving average of $504.26 and a 200 day moving average of $471.14. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $522.89. The firm has a market cap of $238.31 billion, a P/E ratio of 34.23, a price-to-earnings-growth ratio of 3.20 and a beta of 0.72. 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 (NASDAQ:LIN) last announced its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. During the same quarter last year, the firm posted $3.95 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. 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, research analysts forecast that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $1.60 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.2%. Linde’s dividend payout ratio (DPR) is 42.50%.

Linde Company 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.