Smithbridge Asset Management Inc. DE purchased a new position in shares of Linde PLC (NASDAQ:LIN – Free Report) during the third quarter, HoldingsChannel.com reports. The fund purchased 3,496 shares of the basic materials company’s stock, valued at approximately $1,659,000.
A number of other hedge funds also recently made changes to their positions in the stock. Principia Wealth Advisory LLC grew its stake in shares of Linde by 74.2% during the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after buying an additional 23 shares during the period. Legacy Wealth Managment LLC ID increased its holdings in shares of Linde by 96.6% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after buying an additional 28 shares during the last quarter. Manning & Napier Advisors LLC increased its holdings in shares of Linde by 1,450.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock worth $31,000 after buying an additional 58 shares during the last quarter. Marquette Asset Management LLC acquired a new stake in shares of Linde during the 3rd quarter worth $29,000. Finally, Polaris Financial Partners acquired a new stake in shares of Linde during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 82.80% of the company’s stock.
Linde Trading Up 1.0%
NASDAQ LIN opened at $503.44 on Tuesday. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The company’s 50 day moving average price is $478.74 and its 200 day moving average price is $498.19. 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 firm has a market capitalization of $232.08 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 2.91 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 for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $9.02 billion. During the same period in the previous year, the company posted $4.09 earnings per share. Linde’s 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. On average, sell-side analysts predict 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. Stockholders of record on Thursday, September 3rd were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 3rd. Linde’s dividend payout ratio (DPR) is currently 41.34%.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on LIN shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Linde in a research report on Monday, October 5th. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Evercore boosted their price target on Linde from $515.00 to $525.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. KeyCorp initiated coverage on Linde in a research note on Thursday, September 10th. They set an “overweight” rating and a $542.00 price target for the company. Finally, Argus dropped their price target on Linde from $563.00 to $538.00 and set a “buy” rating for the company in a research note on Monday, September 28th. Three research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $547.10.
Get Our Latest Stock Analysis on Linde
Linde Company 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.
Featured Articles
- Five stocks we like better than Linde
- Tesla’s Roadster Reveal Hints at 2 Much Bigger Moves
- The AI Sell-Off Continues—These 3 Stocks Keep Raising Guidance Anyway
- Mr. Wonderful’s Test for AI Data Center Stocks: Power, Permits, and Tenants
- Alcoa Beat Earnings, But Can It Escape the Aluminum Bears?
Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde PLC (NASDAQ:LIN – Free Report).
Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.
