S&CO Inc. Acquires Shares of 26,139 Linde PLC $LIN

S&CO Inc. bought a new position in Linde PLC (NASDAQ:LIN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 26,139 shares of the basic materials company’s stock, valued at approximately $13,564,000.

Several other institutional investors and hedge funds also recently modified their holdings of LIN. Darwin Wealth Management LLC acquired a new position in Linde during the 2nd quarter worth approximately $25,000. Legacy Wealth Managment LLC ID grew its position in Linde by 96.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 28 shares in the last quarter. Triumph Capital Management grew its position in Linde by 69.2% in the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 27 shares in the last quarter. Strengthening Families & Communities LLC raised its stake 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 purchasing an additional 39 shares during the period. Finally, High Note Wealth LLC raised its stake in shares of Linde by 108.6% during the fourth quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 38 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Up 0.9%

NASDAQ:LIN opened at $482.74 on Friday. The company has a market capitalization of $222.53 billion, a price-to-earnings ratio of 31.18, a price-to-earnings-growth ratio of 3.04 and a beta of 0.72. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The stock has a 50-day simple moving average of $511.33 and a 200 day simple moving average of $499.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%.The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same period in the previous year, the company 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. Sell-side analysts predict that Linde PLC will post 17.85 EPS for the current fiscal year.

Linde Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently weighed in on LIN. Sanford C. Bernstein upped their target price on shares of Linde from $559.00 to $564.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. lifted their price target on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. UBS Group set a $612.00 price objective on shares of Linde in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $575.00 price objective on shares of Linde in a report on Monday, May 4th. Finally, Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. One equities research 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. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $545.38.

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.