Matrix Private Capital Group LLC Invests $594,000 in Linde PLC $LIN

Matrix Private Capital Group LLC acquired a new position in shares of Linde PLC (NASDAQ:LIN) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,198 shares of the basic materials company’s stock, valued at approximately $594,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital International Investors lifted its position in shares of Linde by 20.1% during the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after purchasing an additional 1,275,477 shares during the last quarter. J. Safra Sarasin Holding AG grew its stake in shares of Linde by 3.0% during the fourth quarter. J. Safra Sarasin Holding AG now owns 83,262 shares of the basic materials company’s stock worth $35,493,000 after purchasing an additional 2,408 shares in the last quarter. Boston Trust Walden Corp increased its holdings in Linde by 143.4% in the fourth 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 during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Linde by 177.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,263,064 shares of the basic materials company’s stock valued at $538,558,000 after buying an additional 807,370 shares during the last quarter. Finally, Trium Capital LLP increased its holdings in Linde by 85.3% in the fourth quarter. Trium Capital LLP now owns 5,132 shares of the basic materials company’s stock valued at $2,188,000 after buying an additional 2,362 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of LIN opened at $512.28 on Friday. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The company has a market capitalization of $236.85 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 3.23 and a beta of 0.72. The firm has a 50-day simple moving average of $516.05 and a 200-day simple moving average of $493.94. 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 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 firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. Linde’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $3.95 EPS. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. On average, equities research analysts anticipate that Linde PLC will post 17.89 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors 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 42.50%.

Analyst Upgrades and Downgrades

LIN has been the subject of several analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Linde in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $575.00 target price on shares of Linde in a research report on Monday, May 4th. Citigroup started coverage on Linde in a report on Wednesday, June 24th. They issued an “overweight” rating for the company. UBS Group reiterated a “buy” rating and issued a $600.00 price target on shares of Linde in a research note on Tuesday, June 2nd. Finally, Evercore reissued an “outperform” rating and set a $525.00 price objective on shares of Linde in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price 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.