Ninety One North America Inc. decreased its holdings in shares of Linde PLC (NASDAQ:LIN – Free Report) by 32.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,297 shares of the basic materials company’s stock after selling 7,808 shares during the quarter. Ninety One North America Inc.’s holdings in Linde were worth $7,735,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Sanders Morris Harris LLC acquired a new position in shares of Linde in the 3rd quarter valued at about $847,000. First Financial Bank Trust Division purchased a new stake in shares of Linde in the third quarter worth approximately $4,034,000. Hikari Power Ltd purchased a new stake in shares of Linde in the second quarter worth approximately $20,965,000. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Linde by 271.8% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 8,462 shares of the basic materials company’s stock worth $4,195,000 after purchasing an additional 6,186 shares in the last quarter. Finally, Generali Investments Management Co LLC acquired a new stake in shares of Linde during the second quarter worth approximately $2,931,000. 82.80% of the stock is owned by institutional investors and hedge funds.
Trending Headlines about Linde
Here are the key news stories impacting Linde this week:
- Positive Sentiment: Barclays upgraded Linde to “strong buy,” providing the strongest near-term bullish catalyst and signaling increased confidence in the industrial-gases company’s earnings outlook.
- Positive Sentiment: Linde is highlighted as a potentially durable dividend-growth company with pricing power. Its ability to raise prices while retaining customers could support margins and earnings growth. 5 Boring Dividend Stocks That Could Keep Growing While Customers Pay More
- Positive Sentiment: Linde’s exposure to industrial gases and secular growth markets, including demand associated with artificial-intelligence infrastructure, reinforces the longer-term growth case. Linde plc Adds Exposure to Industrial Gases and Secular Growth Trends
- Neutral Sentiment: Royal Bank of Canada maintained an “outperform” rating but lowered its price target from $553 to $549. The revised target still implies approximately 10.8% upside, suggesting analysts remain constructive despite slightly more conservative expectations.
- Neutral Sentiment: Recent coverage also points to Linde’s potential role in supplying the AI economy and its industrial-gas expansion, while a contract to supply explosion-proof forklifts to Iraq’s Ministry of Oil represents a smaller commercial development. Linde is Powering the AI Revolution
- Negative Sentiment: One valuation-focused report argues that Linde appears fully valued based on current earnings. With shares trading at a premium earnings multiple, additional gains may depend on continued earnings growth rather than multiple expansion. Linde Stock Looks Fully Valued on Current Earnings
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on LIN shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Linde from $580.00 to $575.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Citigroup cut their target price on shares of Linde from $580.00 to $560.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Jefferies Financial Group lifted their target price on shares of Linde from $535.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Bank of America lifted their target price on shares of Linde from $532.00 to $550.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Finally, Berenberg Bank restated a “buy” rating on shares of Linde in a report on Tuesday, August 4th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Linde currently has an average rating of “Buy” and a consensus target price of $547.10.
View Our Latest Research Report on LIN
Linde Stock Up 0.4%
Shares of LIN traded up $2.01 during midday trading on Thursday, reaching $494.71. 828,003 shares of the stock were exchanged, compared to its average volume of 2,320,112. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The firm has a 50 day simple moving average of $478.29 and a 200-day simple moving average of $498.13. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. The company has a market cap of $228.05 billion, a price-to-earnings ratio of 31.95, a P/E/G ratio of 2.87 and a beta of 0.71.
Linde (NASDAQ:LIN – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.01. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $4.09 EPS. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. Research analysts forecast that Linde PLC will post 17.86 EPS for the current year.
Linde Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a $1.60 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Linde’s payout ratio is 41.34%.
Linde Company Profile
Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company that supplies gases, related equipment and process technologies to customers in healthcare, manufacturing, chemicals, energy, food and beverage, electronics, and other industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide and specialty gases.
The company provides gases through on-site production facilities, pipelines, bulk deliveries and packaged cylinders. It also designs and builds industrial gas plants and offers technologies and services for applications such as hydrogen production, carbon capture, clean energy, semiconductor manufacturing, metal fabrication and medical care.
Linde traces its history to 1879, when German engineer Carl von Linde developed refrigeration and gas-related technologies.
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