WestEnd Advisors LLC bought a new position in Linde PLC (NASDAQ:LIN – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 58,115 shares of the basic materials company’s stock, valued at approximately $27,586,000.
Several other hedge funds have also recently modified their holdings of LIN. Busey Bank purchased a new position in Linde in the 3rd quarter worth about $21,861,000. Asset Management One Co. Ltd. purchased a new stake in shares of Linde during the 3rd quarter valued at about $102,052,000. John Boyer Inc. purchased a new stake in shares of Linde during the 3rd quarter valued at about $47,000. SYM FINANCIAL Corp purchased a new stake in shares of Linde during the 3rd quarter valued at about $763,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Linde in the third quarter worth approximately $411,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.
Linde Trading Up 0.2%
LIN opened at $508.65 on Wednesday. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The firm’s 50 day simple moving average is $481.84 and its two-hundred day simple moving average is $491.36.
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, topping the consensus estimate of $4.49 by $0.01. The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.02 billion. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, sell-side analysts predict that Linde PLC will post 17.86 earnings per share for the current fiscal year.
Linde Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be issued 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 is Thursday, December 3rd.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on LIN. 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. BMO Capital Markets reaffirmed an “outperform” rating on shares of Linde in a research report on Thursday, October 8th. Royal Bank Of Canada decreased their target price on shares of Linde from $553.00 to $549.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Jefferies Financial Group boosted their target price on shares of Linde from $535.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, Berenberg Bank reissued a “buy” rating on shares of Linde in a report on Tuesday, August 4th. Three investment 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $547.10.
Get Our Latest Stock Report 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.
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