Investors Asset Management of Georgia Inc. GA ADV purchased a new position in Linde PLC (NASDAQ:LIN – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 1,576 shares of the basic materials company’s stock, valued at approximately $748,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Freedom Day Solutions LLC bought a new stake in shares of Linde during the 3rd quarter valued at $2,811,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Linde in the 3rd quarter worth about $32,271,000. Investment Research Partners LLC bought a new position in shares of Linde in the 3rd quarter worth about $247,000. Smithbridge Asset Management Inc. DE bought a new position in shares of Linde in the 3rd quarter worth about $1,659,000. Finally, Maia Wealth LLC increased its stake in shares of Linde by 14.1% in the 3rd quarter. Maia Wealth LLC now owns 2,100 shares of the basic materials company’s stock worth $997,000 after acquiring an additional 260 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.
Linde Stock Down 1.0%
Shares of NASDAQ LIN traded down $5.21 during trading on Tuesday, reaching $498.23. The company had a trading volume of 696,217 shares, compared to its average volume of 2,316,358. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The stock has a market cap of $229.67 billion, a PE ratio of 32.17, a P/E/G ratio of 2.91 and a beta of 0.71. The business’s 50-day moving average is $478.74 and its 200 day moving average is $498.19. 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 (NASDAQ:LIN – Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.01. The firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%. The company’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the company earned $4.09 earnings per share. 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 forecast that Linde PLC will post 17.86 earnings per share for the current fiscal year.
Linde Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors 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 41.34%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on LIN shares. KeyCorp assumed coverage on shares of Linde in a research report on Thursday, September 10th. They set an “overweight” rating and a $542.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a report on Monday. DZ Bank reaffirmed a “neutral” rating on shares of Linde in a research note on Thursday, August 6th. Argus lowered their target price on shares of Linde from $563.00 to $538.00 and set a “buy” rating for the company in a report on Monday, September 28th. Finally, Berenberg Bank reiterated a “buy” rating on shares of Linde in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $547.10.
View Our Latest Stock Report on LIN
About Linde
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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