Vertrix Wealth Management LLC Invests $5.22 Million in Linde PLC $LIN

Vertrix Wealth Management LLC acquired a new stake in shares of Linde PLC (NASDAQ:LIN) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,534 shares of the basic materials company’s stock, valued at approximately $5,222,000. Linde comprises approximately 1.9% of Vertrix Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position.

Other large investors also recently modified their holdings of the company. Meadowbrook Advisors Group LLC lifted its position in Linde by 4.3% in the 1st quarter. Meadowbrook Advisors Group LLC now owns 511 shares of the basic materials company’s stock worth $253,000 after buying an additional 21 shares during the last quarter. Blalock Williams LLC grew its position in Linde by 4.5% during the fourth quarter. Blalock Williams LLC now owns 510 shares of the basic materials company’s stock valued at $217,000 after acquiring an additional 22 shares during the last quarter. Mutual Advisors LLC raised its stake in shares of Linde by 2.0% during the fourth quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company’s stock worth $470,000 after acquiring an additional 22 shares in the last quarter. Binnacle Investments Inc raised its stake in shares of Linde by 10.2% during the second quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 22 shares in the last quarter. Finally, Baldwin Wealth Partners LLC MA lifted its holdings in shares of Linde by 3.3% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company’s stock worth $303,000 after acquiring an additional 23 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $560.00 target price on shares of Linde in a report on Tuesday, May 5th. Seaport Research Partners upped their price target on shares of Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. UBS Group reiterated a “buy” rating and issued a $600.00 price objective on shares of Linde in a report on Tuesday, June 2nd. Finally, Citigroup started coverage on Linde in a research note on Wednesday, June 24th. They issued an “overweight” rating for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Linde currently has an average rating of “Buy” and a consensus target price of $543.27.

Linde Stock Up 2.8%

Shares of NASDAQ LIN opened at $533.55 on Thursday. 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 PLC has a 52 week low of $387.78 and a 52 week high of $538.95. The firm’s fifty day moving average is $509.44 and its 200 day moving average is $482.47. The company has a market cap of $246.69 billion, a price-to-earnings ratio of 35.43, a PEG ratio of 3.26 and a beta of 0.72.

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, beating the consensus estimate of $4.27 by $0.06. The business had revenue of $8.78 billion during 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%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior 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. On average, equities research analysts expect that Linde PLC will post 17.86 earnings per share for the current year.

Linde Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 4th. Linde’s dividend payout ratio is 42.50%.

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.