Planning Project LLC Purchases Shares of 13,707 Linde PLC $LIN

Planning Project LLC acquired a new position in shares of Linde PLC (NASDAQ:LIN) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 13,707 shares of the basic materials company’s stock, valued at approximately $6,711,000. Linde comprises approximately 1.3% of Planning Project LLC’s investment portfolio, making the stock its 9th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LIN. Atwood & Palmer Inc. grew its holdings in shares of Linde by 12.9% in the 2nd quarter. Atwood & Palmer Inc. now owns 175 shares of the basic materials company’s stock worth $91,000 after purchasing an additional 20 shares during the last quarter. Meadowbrook Advisors Group LLC increased its position in shares of Linde by 4.3% during the 1st quarter. Meadowbrook Advisors Group LLC now owns 511 shares of the basic materials company’s stock worth $253,000 after purchasing an additional 21 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in Linde by 0.5% during the 1st quarter. Valmark Advisers Inc. now owns 4,159 shares of the basic materials company’s stock valued at $2,062,000 after purchasing an additional 22 shares during the last quarter. Binnacle Investments Inc lifted its holdings in Linde by 10.2% during the 2nd quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 22 shares during the last quarter. Finally, Ellenbecker Investment Group boosted its position in Linde by 3.7% in the first quarter. Ellenbecker Investment Group now owns 652 shares of the basic materials company’s stock valued at $323,000 after buying an additional 23 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LIN shares. Royal Bank Of Canada decreased their price objective on shares of Linde from $576.00 to $553.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Citigroup reduced their target price on Linde from $600.00 to $580.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Evercore restated an “outperform” rating and set a $525.00 price target on shares of Linde in a research report on Friday, July 10th. Finally, BMO Capital Markets dropped their price target on Linde from $560.00 to $546.00 and set an “outperform” rating for the company in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $545.38.

Linde Stock Performance

LIN opened at $477.57 on Monday. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The stock has a market capitalization of $220.15 billion, a PE ratio of 30.85, a PEG ratio of 2.79 and a beta of 0.72. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $502.05 and a two-hundred day moving average price of $501.97.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.49 by $0.01. Linde had a net margin of 20.43% and a return on equity of 20.09%. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same period in the prior year, the business earned $4.09 earnings per share. Linde’s quarterly revenue was up 9.3% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. As a group, equities analysts anticipate that Linde PLC will post 17.85 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $1.60 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $6.40 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio is currently 41.34%.

Linde 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.