Assetmark Inc. Has $44.57 Million Holdings in Linde PLC $LIN

Assetmark Inc. grew its holdings in Linde PLC (NASDAQ:LIN) by 17.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 89,906 shares of the basic materials company’s stock after purchasing an additional 13,465 shares during the quarter. Assetmark Inc.’s holdings in Linde were worth $44,572,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Meadowbrook Advisors Group LLC boosted its stake in Linde by 4.3% in the first quarter. Meadowbrook Advisors Group LLC now owns 511 shares of the basic materials company’s stock valued at $253,000 after acquiring an additional 21 shares during the last quarter. Blalock Williams LLC grew its stake in shares of Linde by 4.5% during the fourth quarter. Blalock Williams LLC now owns 510 shares of the basic materials company’s stock worth $217,000 after purchasing an additional 22 shares during the period. Mutual Advisors LLC increased its holdings in Linde by 2.0% in the fourth quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company’s stock valued at $470,000 after purchasing an additional 22 shares during the last quarter. Valmark Advisers Inc. increased its holdings in Linde by 0.5% in the first 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. Finally, Binnacle Investments Inc grew its holdings in Linde by 10.2% during the second 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 period. 82.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on LIN. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Linde in a research note on Friday. JPMorgan Chase & Co. lifted their target price on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. UBS Group reissued a “buy” rating and issued a $600.00 target price on shares of Linde in a research note on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $575.00 price target on shares of Linde in a report on Monday, May 4th. Finally, Sanford C. Bernstein set a $559.00 price target on Linde in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $548.67.

Linde Trading Down 1.4%

NASDAQ LIN opened at $513.22 on Friday. The stock has a market capitalization of $237.29 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 3.27 and a beta of 0.72. Linde PLC has a 52 week low of $387.78 and a 52 week high of $548.20. The stock’s 50 day moving average price is $515.95 and its two-hundred day moving average price is $491.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83.

Linde (NASDAQ:LIN) last announced its quarterly earnings data 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 net margin of 20.44% and a return on equity of 19.80%. The business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. During the same quarter in the previous year, the firm posted $3.95 earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. 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, analysts anticipate that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The business 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. The ex-dividend date was Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. Linde’s dividend payout ratio is currently 42.50%.

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.