Strs Ohio Has $65.97 Million Holdings in Linde PLC $LIN

Strs Ohio lessened its holdings in Linde PLC (NASDAQ:LIN) by 4.5% in the 1st quarter, Holdings Channel reports. The firm owned 133,064 shares of the basic materials company’s stock after selling 6,202 shares during the quarter. Strs Ohio’s holdings in Linde were worth $65,968,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LIN. Darwin Wealth Management LLC bought a new position in Linde during the second quarter valued at about $25,000. Triumph Capital Management boosted its stake in shares of Linde by 69.2% during the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 27 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Linde during the 3rd quarter valued at about $29,000. Saranac Partners Ltd acquired a new position in shares of Linde during the 3rd quarter valued at about $29,000. Finally, Strengthening Families & Communities LLC raised its stake in shares of Linde by 134.5% in the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 39 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Performance

LIN opened at $546.64 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average price is $510.47 and its two-hundred day moving average price is $483.39. The firm has a market capitalization of $252.74 billion, a P/E ratio of 36.30, a price-to-earnings-growth ratio of 3.35 and a beta of 0.72. Linde PLC has a 12-month low of $387.78 and a 12-month high of $547.22.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. During the same period in the previous year, the company earned $3.95 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. 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 analysts forecast that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada boosted their target price on Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Seaport Research Partners lifted 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. UBS Group reaffirmed a “buy” rating and set a $600.00 price objective on shares of Linde in a report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. raised 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $543.27.

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.