Davidson Trust Co. acquired a new position in Linde PLC (NASDAQ:LIN – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,740 shares of the basic materials company’s stock, valued at approximately $826,000.
Several other large investors have also recently made changes to their positions in the business. State Street Corp grew its stake in shares of Linde by 3.7% in the 2nd quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock worth $10,558,016,000 after buying an additional 719,052 shares during the last quarter. Invesco Ltd. raised its stake in Linde by 26.0% during the fourth quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company’s stock valued at $2,303,494,000 after buying an additional 1,114,751 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Linde by 27.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,207,374 shares of the basic materials company’s stock worth $1,793,982,000 after acquiring an additional 912,025 shares in the last quarter. Amundi boosted its holdings in Linde by 13.4% in the first quarter. Amundi now owns 3,162,409 shares of the basic materials company’s stock worth $1,567,796,000 after acquiring an additional 373,012 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Linde by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company’s stock worth $1,358,712,000 after acquiring an additional 64,078 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on LIN. Berenberg Bank reiterated a “buy” rating on shares of Linde in a research note on Tuesday, August 4th. UBS Group decreased their target price on shares of Linde from $612.00 to $574.00 and set a “buy” rating for the company in a report on Monday. Citigroup dropped their target price on shares of Linde from $580.00 to $560.00 and set a “buy” rating on the stock in a research note on Wednesday. BMO Capital Markets reissued an “outperform” rating on shares of Linde in a research report on Thursday. 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. Two equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $545.80.
Linde Price Performance
LIN opened at $483.73 on Friday. The company’s 50-day simple moving average is $477.97 and its two-hundred day simple moving average is $497.96. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88. The stock has a market capitalization of $222.99 billion, a P/E ratio of 31.25, a P/E/G ratio of 2.81 and a beta of 0.71. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20.
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, topping analysts’ consensus estimates of $4.49 by $0.01. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $4.09 earnings per share. 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, analysts predict that Linde PLC will post 17.86 EPS for the current year.
Linde Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 3rd. Linde’s payout ratio is 41.34%.
Linde Company Profile
Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company that supplies gases, related equipment and process technologies to customers in healthcare, manufacturing, chemicals, energy, food and beverage, electronics, and other industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide and specialty gases.
The company provides gases through on-site production facilities, pipelines, bulk deliveries and packaged cylinders. It also designs and builds industrial gas plants and offers technologies and services for applications such as hydrogen production, carbon capture, clean energy, semiconductor manufacturing, metal fabrication and medical care.
Linde traces its history to 1879, when German engineer Carl von Linde developed refrigeration and gas-related technologies.
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