Strategic Planning Group LLC increased its position in shares of Linde PLC (NASDAQ:LIN – Free Report) by 5.7% during the third quarter, Holdings Channel reports. The fund owned 26,775 shares of the basic materials company’s stock after acquiring an additional 1,441 shares during the quarter. Linde makes up 1.3% of Strategic Planning Group LLC’s holdings, making the stock its 29th largest holding. Strategic Planning Group LLC’s holdings in Linde were worth $12,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in LIN. CMH Wealth Management LLC purchased a new stake in shares of Linde during the third quarter worth $136,000. Indiana Trust & Investment Management Co purchased a new position in Linde in the third quarter valued at about $119,000. Benin Management CORP purchased a new position in Linde in the third quarter valued at about $740,000. Howland Capital Management LLC acquired a new position in Linde in the 3rd quarter worth about $710,000. Finally, Ledyard National Bank acquired a new position in Linde in the 3rd quarter worth about $2,358,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.
Linde Trading Up 2.0%
Shares of NASDAQ:LIN opened at $510.36 on Friday. The company has a market cap of $235.27 billion, a P/E ratio of 32.97, a P/E/G ratio of 2.92 and a beta of 0.71. The stock’s 50-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 debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88.
Linde (NASDAQ:LIN – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the previous year, the firm earned $4.09 EPS. The firm’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. Equities research analysts predict that Linde PLC will post 17.86 earnings per share for the current year.
Linde Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 3rd. Linde’s dividend payout ratio (DPR) is presently 41.34%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on LIN. Argus reduced their target price on shares of Linde from $563.00 to $538.00 and set a “buy” rating for the company in a research note on Monday, September 28th. Jefferies Financial Group raised their price target on shares of Linde from $535.00 to $560.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Sanford C. Bernstein restated an “outperform” rating on shares of Linde in a report on Monday, October 5th. Citigroup reduced their price objective on shares of Linde from $580.00 to $560.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Finally, The Goldman Sachs Group set a $580.00 price objective on shares of Linde and gave the stock a “buy” rating in a report on Monday, August 10th. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Linde presently has a consensus rating of “Buy” and a consensus target price of $547.10.
View Our Latest Research Report on LIN
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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