Reliant Investment Management LLC acquired a new stake in shares of Linde PLC (NASDAQ:LIN – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,343 shares of the basic materials company’s stock, valued at approximately $8,232,000. Linde accounts for about 2.8% of Reliant Investment Management LLC’s holdings, making the stock its 13th biggest position.
A number of other hedge funds have also recently modified their holdings of the business. State Street Corp grew its position in shares of Linde by 3.7% in the 2nd quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock worth $10,558,016,000 after buying an additional 719,052 shares during the period. Invesco Ltd. increased its stake in shares of Linde by 26.0% in the 4th quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company’s stock worth $2,303,494,000 after acquiring an additional 1,114,751 shares in the last quarter. Amundi increased its stake in shares of Linde by 13.4% in the 1st quarter. Amundi now owns 3,162,409 shares of the basic materials company’s stock worth $1,567,796,000 after acquiring an additional 373,012 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Linde by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company’s stock worth $1,358,712,000 after acquiring an additional 64,078 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in Linde by 18.0% during the 4th quarter. Royal Bank of Canada now owns 2,250,532 shares of the basic materials company’s stock valued at $959,605,000 after acquiring an additional 343,161 shares during the period. Institutional investors own 82.80% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on the stock. Bank of America boosted their price objective on shares of Linde from $532.00 to $550.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. DZ Bank reaffirmed a “neutral” rating on shares of Linde in a research note on Thursday, August 6th. Argus decreased their target price on shares of Linde from $563.00 to $538.00 and set a “buy” rating for the company in a research note on Monday, September 28th. Royal Bank Of Canada lowered their target price on shares of Linde from $576.00 to $553.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Finally, Citigroup dropped their price target on Linde from $580.00 to $560.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $547.29.
Linde Price Performance
Shares of NASDAQ:LIN opened at $492.70 on Thursday. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. The business has a fifty day moving average price of $478.29 and a 200-day moving average price of $498.13. The company has a market capitalization of $227.12 billion, a PE ratio of 31.83, a PEG ratio of 2.87 and a beta of 0.71.
Linde (NASDAQ:LIN – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.01. The firm 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%. Linde’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, equities analysts expect that Linde PLC will post 17.86 EPS for the current fiscal year.
Linde Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, September 3rd. Linde’s dividend payout ratio (DPR) is currently 41.34%.
About Linde
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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