Ibex Wealth Advisors Purchases Shares of 10,621 Linde PLC $LIN

Key Points

• Ibex Wealth Advisors bought a new position in Linde during the first quarter, acquiring 10,621 shares valued at about $5.27 million.
• Wall Street sentiment remains constructive: several firms reiterated or raised buy/outperform ratings, and Linde now has a consensus Buy rating with an average price target of $543.27.
• Linde reported better-than-expected quarterly results, with EPS of $4.33 and revenue of $8.78 billion, while also maintaining a quarterly dividend of $1.60 per share.

Ibex Wealth Advisors purchased a new position in Linde PLC (NASDAQ:LIN - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,621 shares of the basic materials company's stock, valued at approximately $5,265,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Meadowbrook Advisors Group LLC lifted its stake in shares of 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 buying an additional 21 shares in the last quarter. Blalock Williams LLC raised its holdings in Linde by 4.5% during 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 period. Mutual Advisors LLC raised its holdings in Linde by 2.0% during 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 period. Binnacle Investments Inc lifted 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 in the last quarter. Finally, Baldwin Wealth Partners LLC MA lifted 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 in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LIN. BMO Capital Markets reaffirmed an "outperform" rating and issued a $560.00 price objective on shares of Linde in a research note on Tuesday, May 5th. Seaport Research Partners lifted their target price on Linde from $525.00 to $575.00 and gave the company a "buy" rating in a research note on Friday, April 17th. UBS Group reissued a "buy" rating and issued a $600.00 price target on shares of Linde in a report on Tuesday, June 2nd. Royal Bank Of Canada upped their price target on Linde from $552.00 to $570.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $575.00 price objective on shares of Linde in a research report on Monday, May 4th. One 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 company. Based on data from MarketBeat.com, Linde currently has a consensus rating of "Buy" and an average price target of $543.27.

Linde Stock Performance

NASDAQ LIN opened at $525.56 on Friday. The stock has a market capitalization of $242.99 billion, a PE ratio of 34.90, a P/E/G ratio of 3.31 and a beta of 0.72. The business has a 50 day simple moving average of $513.36 and a two-hundred day simple moving average of $487.44. 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.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data 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 business 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 company's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. On average, research analysts predict that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were issued a $1.60 dividend. The ex-dividend date of this dividend 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%.

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.

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