Entropy Technologies LP Buys New Shares in Linde PLC $LIN

Key Points

• Entropy Technologies LP opened a new position in Linde during the first quarter, buying 12,588 shares valued at about $6.24 million.
• Wall Street remains bullish on Linde, with 11 Buy ratings, 1 Strong Buy, and 1 Hold; the consensus price target is $548.67.
• Linde reported better-than-expected quarterly results, with EPS of $4.33 and revenue of $8.78 billion, and it also raised/confirmed forward guidance for FY2026 EPS of 17.6 to 17.9.

Entropy Technologies LP bought a new position in Linde PLC (NASDAQ:LIN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 12,588 shares of the basic materials company's stock, valued at approximately $6,241,000.

A number of other institutional investors have also bought and sold shares of LIN. Darwin Wealth Management LLC purchased a new position in shares of Linde in the second quarter valued at about $25,000. Legacy Wealth Managment LLC ID lifted its holdings in Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company's stock worth $28,000 after purchasing an additional 28 shares in the last quarter. Manning & Napier Advisors LLC lifted its holdings in Linde by 1,450.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company's stock worth $31,000 after purchasing an additional 58 shares in the last quarter. Triumph Capital Management boosted its stake in Linde by 69.2% in the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company's stock worth $28,000 after purchasing an additional 27 shares during the period. Finally, Strengthening Families & Communities LLC boosted its stake in Linde by 134.5% in the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company's stock worth $29,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 82.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LIN shares. Citigroup began coverage on shares of Linde in a research report on Wednesday, June 24th. They set an "overweight" rating on the stock. BMO Capital Markets restated an "outperform" rating and set a $560.00 target price on shares of Linde in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $575.00 target price on shares of Linde in a research note on Monday, May 4th. JPMorgan Chase & Co. boosted their price target on shares of Linde from $525.00 to $530.00 and gave the stock an "overweight" rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Linde in a report on Friday, July 17th. One equities research 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $548.67.

Linde Stock Performance

NASDAQ:LIN opened at $512.28 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. Linde PLC has a 1 year low of $387.78 and a 1 year high of $548.20. The stock's 50 day simple moving average is $516.05 and its two-hundred day simple moving average is $493.94. The company has a market cap of $236.85 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 3.20 and a beta of 0.72.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.27 by $0.06. The business 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 for the quarter 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 analysts anticipate that Linde PLC will post 17.89 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. Investors of record on Thursday, June 4th were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. 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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