Keybank National Association OH Grows Stake in Linde PLC $LIN

Keybank National Association OH lifted its position in Linde PLC (NASDAQ:LIN) by 5.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,696 shares of the basic materials company’s stock after purchasing an additional 2,295 shares during the quarter. Keybank National Association OH’s holdings in Linde were worth $21,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Heritage Investors Management Corp raised its holdings in shares of Linde by 2.0% in the 1st quarter. Heritage Investors Management Corp now owns 24,942 shares of the basic materials company’s stock valued at $12,365,000 after acquiring an additional 489 shares in the last quarter. Physician Wealth Advisors Inc. grew its holdings in shares of Linde by 93.8% during the first quarter. Physician Wealth Advisors Inc. now owns 250 shares of the basic materials company’s stock worth $124,000 after purchasing an additional 121 shares in the last quarter. TSG Advice Partners LLC bought a new position in shares of Linde in the first quarter worth approximately $422,000. Smithbridge Asset Management Inc. DE bought a new position in shares of Linde in the first quarter worth approximately $1,857,000. Finally, Root Financial Partners LLC increased its position in shares of Linde by 77.2% in the first quarter. Root Financial Partners LLC now owns 771 shares of the basic materials company’s stock worth $382,000 after purchasing an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LIN. BMO Capital Markets reiterated an “outperform” rating and set a $560.00 target price on shares of Linde in a research report on Tuesday, May 5th. Seaport Research Partners increased their price target on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Citigroup assumed coverage on shares of Linde in a research report on Wednesday, June 24th. They set an “overweight” rating on the stock. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $575.00 target price on shares of Linde in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Linde currently has an average rating of “Buy” and a consensus price target of $543.27.

Linde Stock Performance

LIN stock opened at $546.64 on Friday. The company has a market capitalization of $252.74 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 3.43 and a beta of 0.72. Linde PLC has a one year low of $387.78 and a one year high of $547.22. The company’s 50 day moving average price is $511.51 and its two-hundred day moving average price is $483.83. 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 (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.60 billion. During the same quarter in the prior year, the company earned $3.95 EPS. The firm’s revenue 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, analysts predict that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business 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. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 4th. Linde’s payout ratio 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.