Signet Private Wealth LLC Purchases Shares of 1,645 Linde PLC $LIN

Signet Private Wealth LLC purchased a new stake in Linde PLC (NASDAQ:LIN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,645 shares of the basic materials company’s stock, valued at approximately $701,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Blalock Williams LLC increased its position in shares of Linde by 4.5% in the fourth quarter. Blalock Williams LLC now owns 510 shares of the basic materials company’s stock valued at $217,000 after acquiring an additional 22 shares during the last quarter. Mutual Advisors LLC increased its position in shares of Linde by 2.0% in the fourth quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company’s stock valued at $470,000 after acquiring an additional 22 shares during the last quarter. Binnacle Investments Inc increased its position in shares of Linde by 10.2% in the second quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock valued at $111,000 after acquiring an additional 22 shares during the last quarter. Baldwin Wealth Partners LLC MA increased its position in shares of Linde by 3.3% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company’s stock valued at $303,000 after acquiring an additional 23 shares during the last quarter. Finally, Mayport LLC increased its position in shares of Linde by 4.8% in the fourth quarter. Mayport LLC now owns 504 shares of the basic materials company’s stock valued at $215,000 after acquiring an additional 23 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $560.00 target price on shares of Linde in a research report on Tuesday, May 5th. Citigroup lifted their target price on Linde from $580.00 to $585.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $575.00 target price on shares of Linde in a research report on Monday, May 4th. Finally, Royal Bank Of Canada lifted their target price on Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $541.91.

Linde Price Performance

Shares of NASDAQ LIN opened at $509.16 on Thursday. The business’s 50 day moving average price is $503.87 and its two-hundred day moving average price is $470.42. The company has a market cap of $235.41 billion, a PE ratio of 33.81, a price-to-earnings-growth ratio of 3.24 and a beta of 0.72. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. Linde PLC has a twelve month low of $387.78 and a twelve month high of $522.89.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The firm had revenue of $8.78 billion for 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%.The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. On average, analysts predict that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. Linde’s payout ratio is 42.50%.

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.