Freedom Day Solutions LLC purchased a new position in Linde PLC (NASDAQ:LIN – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,921 shares of the basic materials company’s stock, valued at approximately $2,811,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Principia Wealth Advisory LLC boosted its position in Linde by 74.2% during the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 23 shares during the last quarter. Legacy Wealth Managment LLC ID grew its stake 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 purchasing an additional 28 shares in the last quarter. Manning & Napier Advisors LLC grew its stake in Linde by 1,450.0% in the first quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 58 shares in the last quarter. Marquette Asset Management LLC acquired a new position in Linde in the 3rd quarter worth about $29,000. Finally, Polaris Financial Partners acquired a new position in Linde in the 3rd quarter worth about $31,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on LIN shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research note on Monday. Sanford C. Bernstein reiterated an “outperform” rating on shares of Linde in a report on Monday, October 5th. Evercore boosted their price target on Linde from $515.00 to $525.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. The Goldman Sachs Group set a $580.00 price objective on Linde and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Barclays began coverage on Linde in a report on Monday, October 12th. They issued an “overweight” rating and a $577.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Linde has a consensus rating of “Buy” and an average target price of $547.10.
Get Our Latest Research Report on LIN
Linde Stock Up 1.0%
Linde stock opened at $503.44 on Tuesday. The company has a market capitalization of $232.08 billion, a P/E ratio of 32.52, a P/E/G ratio of 2.91 and a beta of 0.71. The firm’s fifty day simple moving average is $478.74 and its 200-day simple moving average is $498.19. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20.
Linde (NASDAQ:LIN – Get Free Report) last released its quarterly earnings data 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. Linde had a net margin of 20.43% and a return on equity of 20.09%. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same quarter in the previous year, the business earned $4.09 EPS. Linde’s quarterly 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. Sell-side analysts forecast that Linde PLC will post 17.86 earnings per share for the current fiscal 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 given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 3rd. Linde’s dividend payout ratio is presently 41.34%.
Linde Profile
Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company. It produces and distributes atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide and specialty gases. The company serves customers through packaged gases, bulk deliveries, on-site production and pipeline systems.
Linde’s products and services support a broad range of industries, including healthcare, food and beverage, manufacturing, chemicals, energy, refining, electronics and metals.
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