PNC Financial Services Group Inc. Acquires 28,315 Shares of Linde PLC $LIN

PNC Financial Services Group Inc. grew its stake in shares of Linde PLC (NASDAQ:LIN) by 5.6% during the 1st quarter, HoldingsChannel reports. The fund owned 536,954 shares of the basic materials company’s stock after buying an additional 28,315 shares during the period. PNC Financial Services Group Inc.’s holdings in Linde were worth $266,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in LIN. Darwin Wealth Management LLC purchased a new stake in Linde during the 2nd quarter worth about $25,000. Legacy Wealth Managment LLC ID boosted its stake in Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 28 shares during the period. Manning & Napier Advisors LLC grew its holdings in Linde by 1,450.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock valued at $31,000 after buying an additional 58 shares in the last quarter. Triumph Capital Management grew its holdings in Linde by 69.2% during the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock valued at $28,000 after buying an additional 27 shares in the last quarter. Finally, Strengthening Families & Communities LLC increased its position in shares of Linde by 134.5% during the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after buying an additional 39 shares during the period. 82.80% of the stock is owned by institutional investors.

Linde Price Performance

Shares of NASDAQ LIN opened at $505.03 on Wednesday. The stock’s 50-day simple moving average is $516.13 and its two-hundred day simple moving average is $492.69. Linde PLC has a twelve month low of $387.78 and a twelve month high of $548.20. The firm has a market capitalization of $233.50 billion, a P/E ratio of 33.53, a P/E/G ratio of 3.23 and a beta of 0.72. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. The firm had revenue of $8.78 billion during 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 for the quarter was up 8.2% on a year-over-year basis. During the same quarter last 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. As a group, equities analysts anticipate that Linde PLC will post 17.88 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a dividend of $1.60 per share. The ex-dividend date was Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.3%. Linde’s payout ratio is presently 42.50%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Seaport Research Partners boosted their price objective on shares of Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Evercore reaffirmed an “outperform” rating and set a $525.00 target price on shares of Linde in a report on Friday, July 10th. Sanford C. Bernstein set a $559.00 target price on shares of Linde in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $575.00 target price on shares of Linde in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $548.67.

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.