Howland Capital Management LLC purchased a new stake in shares of Linde PLC (NASDAQ:LIN – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 1,496 shares of the basic materials company’s stock, valued at approximately $710,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of LIN. Principia Wealth Advisory LLC grew its holdings 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 period. Legacy Wealth Managment LLC ID increased its position 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 worth $28,000 after buying an additional 28 shares in the last quarter. Manning & Napier Advisors LLC increased its position 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 worth $31,000 after buying an additional 58 shares in the last quarter. Marquette Asset Management LLC bought a new position in shares of Linde in the third quarter worth about $29,000. Finally, Polaris Financial Partners bought a new position in shares of Linde in the third 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 research analysts have recently weighed in on the company. Evercore lifted their price objective on Linde from $515.00 to $525.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Jefferies Financial Group upped their price target on shares of Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research note on Monday. KeyCorp began coverage on shares of Linde in a research note on Thursday, September 10th. They issued an “overweight” rating and a $542.00 price objective for the company. Finally, Barclays initiated coverage on shares of Linde in a research report on Monday, October 12th. They set an “overweight” rating and a $577.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $547.10.
View Our Latest Stock Analysis on Linde
Linde Price Performance
Linde stock opened at $510.36 on Friday. The firm’s fifty day moving average is $480.03 and its 200 day moving average is $498.29. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. The company has a market cap of $235.27 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 2.92 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 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 20.43% and a return on equity of 20.09%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last 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. Sell-side analysts forecast that Linde PLC will post 17.86 EPS for the current fiscal year.
Linde Announces Dividend
The business also recently disclosed 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. The ex-dividend date was Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Linde’s dividend payout ratio is 41.34%.
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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