D.A. Davidson & CO. Purchases New Holdings in Linde PLC $LIN

Posted by George Bondi on Oct 30th, 2026

D.A. Davidson & CO. purchased a new position in shares of Linde PLC (NASDAQ:LIN – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 30,876 shares of the basic materials company’s stock, valued at approximately $14,655,000.

Other hedge funds also recently modified their holdings of the company. State Street Corp lifted its stake in Linde by 3.7% in the second quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock valued at $10,558,016,000 after purchasing an additional 719,052 shares during the last quarter. Amundi grew its holdings in Linde by 13.4% during the first quarter. Amundi now owns 3,162,409 shares of the basic materials company’s stock valued at $1,567,796,000 after purchasing an additional 373,012 shares during the period. Dimensional Fund Advisors LP grew its holdings in Linde by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company’s stock valued at $1,358,712,000 after purchasing an additional 64,078 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Linde by 28.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,624,728 shares of the basic materials company’s stock worth $805,475,000 after buying an additional 361,664 shares during the last quarter. Finally, Swiss National Bank increased its position in Linde by 6.6% in the first quarter. Swiss National Bank now owns 1,370,361 shares of the basic materials company’s stock worth $679,370,000 after buying an additional 85,360 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on LIN shares. UBS Group lowered their target price on Linde from $612.00 to $574.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Evercore increased their price target on Linde from $515.00 to $525.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Barclays initiated coverage on Linde in a research note on Monday, October 12th. They set an “overweight” rating and a $577.00 price target for the company. DZ Bank reissued a “neutral” rating on shares of Linde in a report on Thursday, August 6th. Finally, Argus lowered their price objective on Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a research note on Monday, September 28th. Three equities 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $547.48.

Get Our Latest Report on Linde

Linde Stock Down 1.0%

LIN opened at $503.15 on Friday. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The company has a market cap of $231.94 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 2.96 and a beta of 0.71. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average of $482.87 and a 200 day moving average of $492.00.

Linde (NASDAQ:LIN – Get Free Report) last issued its earnings results on Thursday, October 29th. The basic materials company reported $4.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.52 by $0.07. Linde had a net margin of 20.43% and a return on equity of 20.09%. The business had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.16 billion. During the same quarter in the previous year, the firm posted $4.21 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, sell-side analysts expect that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued 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 is Thursday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 41.34%.

Key Stories Impacting Linde

Here are the key news stories impacting Linde this week:

Positive Sentiment: Adjusted earnings and revenue beat expectations. Linde posted adjusted EPS of $4.59, above the $4.52 consensus, while sales increased 9% year over year to $9.4 billion versus expectations of $9.16 billion. Adjusted EPS rose 9% from the prior-year quarter. Linde Reports Third-Quarter 2026 Results
Positive Sentiment: Pricing, volumes and electronics demand supported growth. Higher pricing and volume gains in the Americas, along with strong demand for gases used in semiconductor manufacturing and artificial-intelligence infrastructure, helped drive the sales increase. Management also raised its full-year 2026 earnings outlook. LIN Q3 Earnings Beat Estimates on Higher Americas Pricing and Volumes
Positive Sentiment: Demand trends remain constructive. The earnings call highlighted continued momentum in electronics and other end markets, reinforcing the long-term growth case for Linde’s specialty and industrial gases businesses. Linde plc Q3 2026 Earnings Call Summary
Neutral Sentiment: Reported results were mixed. GAAP net income declined 12% to $1.69 billion and diluted EPS fell 11% to $3.66, primarily reflecting purchase-accounting effects and other costs; adjusted profitability was substantially stronger.
Negative Sentiment: Near-term guidance and restructuring costs may limit enthusiasm. Linde guided fourth-quarter adjusted EPS to $4.40–$4.50 and expects to record a $425 million restructuring charge. Investors are also evaluating strategic options for Lincare, adding uncertainty around near-term earnings and capital allocation. Linde Guides Q4 EPS and Takes Restructuring Charge

About Linde

(Free Report)

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.