Pittenger & Anderson Inc. Has $12.46 Million Stake in Linde PLC $LIN

Pittenger & Anderson Inc. raised its holdings in shares of Linde PLC (NASDAQ:LIN) by 4.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,133 shares of the basic materials company’s stock after purchasing an additional 1,055 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Linde were worth $12,460,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Welch & Forbes LLC increased its stake in Linde by 0.7% in the 1st quarter. Welch & Forbes LLC now owns 105,270 shares of the basic materials company’s stock valued at $52,188,000 after buying an additional 700 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of Linde by 1.0% in the 1st quarter. Citizens Financial Group Inc. RI now owns 53,399 shares of the basic materials company’s stock worth $26,473,000 after buying an additional 506 shares during the last quarter. Markel Group Inc. grew its holdings in shares of Linde by 2.2% in the first quarter. Markel Group Inc. now owns 204,600 shares of the basic materials company’s stock valued at $101,432,000 after acquiring an additional 4,500 shares in the last quarter. Sachetta LLC grew its holdings in shares of Linde by 60.0% in the first quarter. Sachetta LLC now owns 104 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 39 shares in the last quarter. Finally, TSA Wealth Managment LLC increased its position in shares of Linde by 8.0% during the first quarter. TSA Wealth Managment LLC now owns 772 shares of the basic materials company’s stock valued at $383,000 after acquiring an additional 57 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of LIN traded up $4.23 during mid-day trading on Friday, reaching $529.79. 1,857,885 shares of the stock traded hands, compared to its average volume of 2,264,075. The firm has a fifty day moving average price of $513.87 and a 200 day moving average price of $487.73. The company has a market cap of $244.95 billion, a price-to-earnings ratio of 35.18, a price-to-earnings-growth ratio of 3.33 and a beta of 0.72. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. Linde PLC has a 1 year low of $387.78 and a 1 year high of $548.20.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.27 by $0.06. The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. Linde’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior 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. As a group, equities research analysts predict that Linde PLC will post 17.86 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 4th. Linde’s dividend payout ratio (DPR) is 42.50%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $560.00 price target on shares of Linde in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Seaport Research Partners lifted their price objective on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. boosted their target price on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada boosted their target price on shares of Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $541.75.

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.