Sequoia Financial Advisors LLC Acquires 1,766 Shares of Linde PLC $LIN

Sequoia Financial Advisors LLC grew its holdings in shares of Linde PLC (NASDAQ:LIN) by 11.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 17,578 shares of the basic materials company’s stock after purchasing an additional 1,766 shares during the period. Sequoia Financial Advisors LLC’s holdings in Linde were worth $8,714,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in shares of Linde during the 4th quarter worth approximately $2,752,000. Revolve Wealth Partners LLC increased its holdings in Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after buying an additional 96 shares during the last quarter. Sivia Capital Partners LLC raised its position in Linde by 19.8% during the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock worth $736,000 after acquiring an additional 259 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in Linde by 19.3% in the second 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 during the last quarter. Finally, Gabelli Funds LLC grew its position in shares of Linde by 3.2% in 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 during the period. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Shares of LIN stock traded up $4.23 during midday trading on Friday, hitting $529.79. 1,857,885 shares of the company were exchanged, compared to its average volume of 2,264,075. Linde PLC has a 52 week low of $387.78 and a 52 week high of $548.20. The firm has a market capitalization of $244.95 billion, a P/E ratio of 35.18, a PEG ratio of 3.33 and a beta of 0.72. The firm’s 50 day moving average price is $513.87 and its two-hundred day moving average price is $487.73. 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 released 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. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $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. As a group, equities research analysts anticipate that Linde PLC will post 17.86 earnings per share for the current 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 dividend of $1.60 per share. The ex-dividend date was Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. Linde’s dividend payout ratio (DPR) is 42.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LIN shares. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Seaport Research Partners upped their price objective on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $575.00 price objective on shares of Linde in a research report on Monday, May 4th. Citigroup assumed coverage on Linde in a report on Wednesday, June 24th. They set an “overweight” rating on the stock. Finally, Royal Bank Of Canada raised their price target on Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $541.75.

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.