Clio Asset Management LLC Invests $6.38 Million in Linde PLC $LIN

Key Points

• Clio Asset Management initiated a new position in Linde PLC during the first quarter, buying 12,868 shares valued at about $6.38 million. The holding represents roughly 5.3% of Clio’s portfolio and is its 8th-largest position.
• Several analysts remain bullish on Linde, with recent ratings including buy and outperform calls and a consensus price target of $543.27. Deutsche Bank, Seaport Research Partners, and RBC all reiterated or raised positive targets.
• Linde reported solid quarterly results, topping EPS and revenue estimates, and also paid a $1.60 quarterly dividend for a 1.2% annualized yield. The stock was trading near its 52-week high at $522.28, up 1.3% on the day.

Clio Asset Management LLC bought a new position in shares of Linde PLC (NASDAQ:LIN - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 12,868 shares of the basic materials company's stock, valued at approximately $6,379,000. Linde makes up approximately 5.3% of Clio Asset Management LLC's investment portfolio, making the stock its 8th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in LIN. Meadowbrook Advisors Group LLC increased its holdings in Linde by 4.3% during the 1st quarter. Meadowbrook Advisors Group LLC now owns 511 shares of the basic materials company's stock valued at $253,000 after purchasing an additional 21 shares in the last quarter. Binnacle Investments Inc raised its position in Linde by 10.2% in the 2nd quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company's stock valued at $111,000 after purchasing an additional 22 shares during the last quarter. Mutual Advisors LLC boosted its stake in Linde by 2.0% in the fourth quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company's stock worth $470,000 after purchasing an additional 22 shares in the last quarter. Blalock Williams LLC boosted its stake in Linde by 4.5% in the fourth quarter. Blalock Williams LLC now owns 510 shares of the basic materials company's stock worth $217,000 after purchasing an additional 22 shares in the last quarter. Finally, Baldwin Wealth Partners LLC MA grew its holdings in shares of Linde by 3.3% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company's stock worth $303,000 after purchasing an additional 23 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LIN. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $575.00 target price on shares of Linde in a research note on Monday, May 4th. Citigroup began coverage on shares of Linde in a report on Wednesday. They set an "overweight" rating on the stock. Seaport Research Partners raised their price objective on shares of Linde from $525.00 to $575.00 and gave the company a "buy" rating in a research report on Friday, April 17th. Weiss Ratings upgraded shares of Linde from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada boosted their target price on shares of Linde from $552.00 to $570.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Linde currently has a consensus rating of "Buy" and a consensus price target of $543.27.

Linde Stock Up 1.3%

Shares of Linde stock opened at $522.28 on Friday. The business has a fifty day simple moving average of $507.52 and a 200 day simple moving average of $478.89. The stock has a market cap of $241.47 billion, a PE ratio of 34.68, 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 12 month low of $387.78 and a 12 month high of $527.94.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) 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 analysts' expectations of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company's revenue was up 8.2% compared to the same quarter last year. During the same quarter last 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. Research analysts predict that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 4th. Linde's dividend payout ratio is presently 42.50%.

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.

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