Trivest Advisors Ltd Purchases New Shares in Linde PLC $LIN

Trivest Advisors Ltd purchased a new position in shares of Linde PLC (NASDAQ:LIN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,950 shares of the basic materials company’s stock, valued at approximately $5,429,000. Linde accounts for about 0.4% of Trivest Advisors Ltd’s portfolio, making the stock its 25th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Linde during the 4th quarter worth approximately $3,246,750,000. SG Americas Securities LLC raised its position in shares of Linde by 10,454.4% in the fourth quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock valued at $1,033,940,000 after buying an additional 2,401,894 shares in the last quarter. Auto Owners Insurance Co boosted its stake in shares of Linde by 42,539.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,321,809 shares of the basic materials company’s stock valued at $56,361,000 after buying an additional 1,318,709 shares during the period. Capital International Investors boosted its stake in shares of Linde by 20.1% in the fourth quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock valued at $3,245,255,000 after buying an additional 1,275,477 shares during the period. Finally, Deutsche Bank AG grew its position in Linde by 40.2% during the fourth quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock worth $1,680,710,000 after buying an additional 1,130,001 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ LIN opened at $513.22 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $237.29 billion, a price-to-earnings ratio of 34.08, a P/E/G ratio of 3.22 and a beta of 0.72. The firm’s 50 day simple moving average is $515.95 and its 200 day simple moving average is $491.54. Linde PLC has a 1 year low of $387.78 and a 1 year high of $548.20.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, beating the consensus estimate of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. During the same period in the previous year, the business earned $3.95 earnings per share. The company’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, research analysts expect that Linde PLC will post 17.88 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders 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 presently 42.50%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LIN. Royal Bank Of Canada restated an “outperform” rating on shares of Linde in a research note on Friday. UBS Group reiterated a “buy” rating and set a $600.00 target price on shares of Linde in a research report on Tuesday, June 2nd. Citigroup began coverage on Linde in a report on Wednesday, June 24th. They set an “overweight” rating on the stock. Evercore restated an “outperform” rating and issued a $525.00 price target on shares of Linde in a research report on Friday, July 10th. Finally, Sanford C. Bernstein set a $559.00 price target on Linde in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $548.67.

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.