Braun Stacey Associates Inc. purchased a new position in shares of Linde PLC (NASDAQ:LIN – Free Report) in the 2nd quarter, Holdings Channel reports. The firm purchased 33,057 shares of the basic materials company’s stock, valued at approximately $17,155,000.
A number of other large investors also recently modified their holdings of LIN. State Street Corp grew its stake in shares of Linde by 0.9% during the third quarter. State Street Corp now owns 19,319,583 shares of the basic materials company’s stock worth $9,176,828,000 after purchasing an additional 172,162 shares in the last quarter. Geode Capital Management LLC raised its stake in Linde by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 11,353,011 shares of the basic materials company’s stock valued at $4,820,533,000 after buying an additional 35,945 shares in the last quarter. Capital Research Global Investors lifted its holdings in Linde by 8.6% during the 4th quarter. Capital Research Global Investors now owns 10,127,594 shares of the basic materials company’s stock worth $4,318,325,000 after buying an additional 797,866 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Linde by 7.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,784,371 shares of the basic materials company’s stock worth $4,171,959,000 after buying an additional 695,771 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Linde during the 4th quarter worth about $3,246,750,000. 82.80% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Sanford C. Bernstein increased their price target 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. The Goldman Sachs Group set a $580.00 price objective on shares of Linde in a report on Monday, August 10th. Finally, Citigroup reduced their price objective on shares of Linde from $600.00 to $580.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Linde currently has an average rating of “Buy” and a consensus target price of $545.38.
Linde Stock Up 0.9%
Shares of NASDAQ LIN opened at $489.51 on Friday. The business has a 50-day moving average price of $505.33 and a 200 day moving average price of $501.23. The stock has a market cap of $225.65 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 3.05 and a beta of 0.72. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20.
Linde (NASDAQ:LIN – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, topping 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 company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same quarter in the previous year, the company posted $4.09 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. Equities research analysts forecast that Linde PLC will post 17.85 earnings per share for the current year.
Linde Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a dividend of $1.60 per share. The ex-dividend date is Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s dividend payout ratio (DPR) is 41.34%.
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.
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