State of Alaska Department of Revenue purchased a new stake in shares of Linde PLC (NASDAQ:LIN – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 54,668 shares of the basic materials company’s stock, valued at approximately $25,948,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of LIN. Mainsail Asset Management LLC acquired a new position in shares of Linde in the 3rd quarter worth approximately $308,000. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Linde in the 3rd quarter worth approximately $57,186,000. ZWJ Investment Counsel Inc. acquired a new stake in Linde during the third quarter valued at approximately $2,334,000. Triangle Securities Wealth Management acquired a new stake in Linde during the third quarter valued at approximately $2,444,000. Finally, Mather Group LLC. acquired a new stake in Linde during the third quarter valued at approximately $881,000. Institutional investors own 82.80% of the company’s stock.
Key Linde News
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 Analyst Weigh In
View Our Latest Stock Analysis on LIN
Linde Trading Up 0.4%
Shares of NASDAQ:LIN traded up $2.16 during mid-day trading on Thursday, hitting $494.86. The stock had a trading volume of 828,003 shares, compared to its average volume of 2,320,112. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88. The company has a market cap of $228.12 billion, a PE ratio of 31.95, a P/E/G ratio of 2.87 and a beta of 0.71. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The company’s 50 day moving average is $478.29 and its 200-day moving average is $498.13.
Linde (NASDAQ:LIN – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.01. Linde had a net margin of 20.43% and a return on equity of 20.09%. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same quarter last year, the business posted $4.09 EPS. The company’s 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. On average, sell-side analysts predict that Linde PLC will post 17.86 EPS for the current year.
Linde Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a $1.60 dividend. The ex-dividend date was 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 is presently 41.34%.
Linde 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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