MBL Wealth LLC grew its holdings in shares of Linde PLC (NASDAQ:LIN – Free Report) by 183.3% during the third quarter, Holdings Channel reports. The firm owned 2,490 shares of the basic materials company’s stock after purchasing an additional 1,611 shares during the quarter. MBL Wealth LLC’s holdings in Linde were worth $1,182,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in LIN. Old North State Wealth Management LLC purchased a new stake in Linde during the 3rd quarter worth approximately $1,380,000. Strategic Planning Group LLC boosted its position in Linde by 5.7% in the 3rd quarter. Strategic Planning Group LLC now owns 26,775 shares of the basic materials company’s stock valued at $12,709,000 after buying an additional 1,441 shares during the period. CMH Wealth Management LLC purchased a new position in Linde in the 3rd quarter valued at approximately $136,000. Indiana Trust & Investment Management Co acquired a new position in shares of Linde in the third quarter worth $119,000. Finally, Benin Management CORP acquired a new position in shares of Linde in the third quarter worth $740,000. Institutional investors and hedge funds own 82.80% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Linde from $580.00 to $575.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Jefferies Financial Group boosted their target price on Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Citigroup cut their price target on Linde from $580.00 to $560.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Berenberg Bank restated a “buy” rating on shares of Linde in a report on Tuesday, August 4th. Finally, Barclays began coverage on Linde in a research report on Monday, October 12th. They issued an “overweight” rating and a $577.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $547.10.
Get Our Latest Stock Report on Linde
Linde Stock Down 0.3%
Shares of Linde stock opened at $508.83 on Friday. 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 PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The company has a market capitalization of $234.56 billion, a P/E ratio of 32.87, a P/E/G ratio of 2.98 and a beta of 0.71. The company has a 50 day moving average of $480.55 and a 200 day moving average of $498.37.
Linde (NASDAQ:LIN – Get Free Report) last announced its quarterly earnings data 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. Linde had a net margin of 20.43% and a return on equity of 20.09%. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same period in the prior year, the firm posted $4.09 EPS. The company’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. As a group, research analysts forecast that Linde PLC will post 17.86 EPS for the current fiscal year.
Linde Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 3rd. Linde’s payout ratio is 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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