Prosperity Consulting Group LLC Has $1.28 Million Stock Position in Linde PLC $LIN

Prosperity Consulting Group LLC decreased its position in Linde PLC (NASDAQ:LIN) by 40.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,588 shares of the basic materials company’s stock after selling 1,774 shares during the period. Prosperity Consulting Group LLC’s holdings in Linde were worth $1,283,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Norges Bank bought a new position in Linde during the fourth quarter worth about $3,246,750,000. SG Americas Securities LLC grew its stake in Linde by 10,454.4% in the fourth quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company’s stock valued at $1,033,940,000 after acquiring an additional 2,401,894 shares during the period. Auto Owners Insurance Co increased its holdings in shares of Linde by 42,539.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,321,809 shares of the basic materials company’s stock worth $56,361,000 after acquiring an additional 1,318,709 shares in the last quarter. Capital International Investors increased its holdings in shares of Linde by 20.1% in the fourth quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after acquiring an additional 1,275,477 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Linde by 40.2% during the fourth quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock worth $1,680,710,000 after purchasing an additional 1,130,001 shares during the period. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Royal Bank Of Canada reissued an “outperform” rating on shares of Linde in a research note on Friday. Sanford C. Bernstein set a $559.00 target price on shares of Linde in a report on Friday. Evercore reaffirmed an “outperform” rating and issued a $525.00 price target on shares of Linde in a research note on Friday, July 10th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $560.00 price target on shares of Linde in a report on Tuesday, May 5th. One research 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 MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $548.67.

Linde Stock Performance

LIN opened at $513.22 on Friday. The business’s 50-day moving average price is $515.95 and its two-hundred day moving average price is $491.09. Linde PLC has a 1 year low of $387.78 and a 1 year high of $548.20. The company has a market capitalization of $237.29 billion, a price-to-earnings ratio of 34.08, a P/E/G ratio of 3.27 and a beta of 0.72. 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 (NASDAQ:LIN) last issued its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Equities analysts expect that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

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