Mediolanum International Funds Ltd Acquires 7,758 Shares of Linde PLC $LIN

Key Points

• Mediolanum International Funds Ltd boosted its Linde stake by 25.4% in the first quarter, buying 7,758 additional shares and bringing its total holding to 38,337 shares worth about $19.14 million.
• Institutional ownership remains very high, with 82.8% of Linde shares held by institutional investors, and several other funds also recently added to their positions.
• Wall Street sentiment is broadly positive: analysts have a consensus Buy rating on Linde with an average price target of $548.67, while the company also recently beat quarterly EPS and revenue estimates.

Mediolanum International Funds Ltd increased its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 25.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,337 shares of the basic materials company's stock after purchasing an additional 7,758 shares during the period. Mediolanum International Funds Ltd's holdings in Linde were worth $19,140,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in Linde during the fourth quarter worth $2,752,000. Revolve Wealth Partners LLC grew its holdings in Linde by 14.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock worth $325,000 after purchasing an additional 96 shares during the period. Sivia Capital Partners LLC increased its stake in Linde by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company's stock valued at $736,000 after purchasing an additional 259 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in Linde by 19.3% in the second quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company's stock valued at $421,000 after purchasing an additional 145 shares in the last quarter. Finally, Gabelli Funds LLC raised its holdings in shares of Linde by 3.2% during the second quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company's stock valued at $2,639,000 after purchasing an additional 175 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LIN shares. Weiss Ratings raised shares of Linde from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, May 13th. Citigroup began coverage on Linde in a research report on Wednesday, June 24th. They issued an "overweight" rating for the company. UBS Group reaffirmed a "buy" rating and set a $600.00 price target on shares of Linde in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. upped their price target on Linde from $525.00 to $530.00 and gave the stock an "overweight" rating in a research note on Monday, May 4th. Finally, Sanford C. Bernstein set a $559.00 price target on Linde in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $548.67.

Linde Stock Performance

Shares of LIN stock 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 fifty day simple moving average of $515.95 and a two-hundred day simple moving average of $491.54. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The firm has a market capitalization of $237.29 billion, a PE ratio of 34.08, a price-to-earnings-growth ratio of 3.22 and a beta of 0.72.

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 for the quarter, beating analysts' consensus estimates of $4.27 by $0.06. The firm had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. The business's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm 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. Analysts forecast that Linde PLC will post 17.88 EPS for the current fiscal year.

Linde Dividend Announcement

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. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, June 4th. Linde's dividend payout ratio is currently 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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