Malaga Cove Capital LLC Invests $577,000 in Linde PLC $LIN

Malaga Cove Capital LLC bought a new position in shares of Linde PLC (NASDAQ:LIN) during the fourth quarter, Holdings Channel reports. The fund bought 1,353 shares of the basic materials company’s stock, valued at approximately $577,000.

A number of other institutional investors and hedge funds also recently modified their holdings of LIN. Brighton Jones LLC purchased a new position in shares of Linde during the fourth quarter valued at $2,752,000. Revolve Wealth Partners LLC grew its holdings in shares of Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after buying an additional 96 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Linde by 19.8% during the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock valued at $736,000 after buying an additional 259 shares in the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Linde by 19.3% during the second quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock valued at $421,000 after buying an additional 145 shares in the last quarter. Finally, Gabelli Funds LLC grew 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 buying an additional 175 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Linde

In other Linde news, EVP Sean Durbin sold 6,520 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total value of $3,111,800.40. Following the completion of the sale, the executive vice president owned 8,151 shares of the company’s stock, valued at $3,890,227.77. The trade was a 44.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Guillermo Bichara sold 4,357 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $480.79, for a total value of $2,094,802.03. Following the completion of the sale, the vice president directly owned 22,138 shares of the company’s stock, valued at $10,643,729.02. This represents a 16.44% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LIN. Citigroup lifted their price target on Linde from $580.00 to $585.00 and gave the company a “buy” rating in a report on Monday, May 4th. UBS Group lifted their price target on Linde from $550.00 to $579.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Morgan Stanley restated an “overweight” rating and issued a $530.00 target price on shares of Linde in a research note on Friday, February 6th. Mizuho set a $525.00 target price on Linde in a research note on Friday, February 6th. Finally, DZ Bank downgraded Linde from a “buy” rating to a “hold” rating and set a $460.00 target price on the stock. in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Linde has an average rating of “Buy” and an average price target of $540.00.

Linde Stock Performance

Shares of NASDAQ LIN opened at $514.97 on Wednesday. The business’s 50-day moving average price is $500.74 and its two-hundred day moving average price is $463.85. 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 one year low of $387.78 and a one year high of $521.28. The company has a market capitalization of $238.10 billion, a P/E ratio of 34.19, a price-to-earnings-growth ratio of 3.25 and a beta of 0.73.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.60 billion. During the same quarter in the previous year, the firm earned $3.95 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. 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 anticipate that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a $1.60 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. Linde’s payout ratio is currently 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.