Signal Advisors Wealth LLC boosted its stake in Linde PLC (NASDAQ:LIN – Free Report) by 17.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 14,256 shares of the basic materials company’s stock after buying an additional 2,080 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Linde were worth $6,767,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. First Financial Bank Trust Division acquired a new position in Linde in the 3rd quarter valued at $4,034,000. Hikari Power Ltd purchased a new position in Linde in the 2nd quarter valued at $20,965,000. Generali Investments Management Co LLC purchased a new position in Linde in the 2nd quarter valued at $2,931,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in Linde by 271.8% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 8,462 shares of the basic materials company’s stock valued at $4,195,000 after purchasing an additional 6,186 shares in the last quarter. Finally, Temasek Holdings Private Ltd boosted its stake in Linde by 127.5% during the 4th quarter. Temasek Holdings Private Ltd now owns 537,458 shares of the basic materials company’s stock worth $229,167,000 after purchasing an additional 301,252 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on LIN. Bank of America upped their target price on shares of Linde from $532.00 to $550.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group set a $580.00 price target on shares of Linde and gave the stock a “buy” rating in a research note on Monday, August 10th. Argus decreased their price target on shares of Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a research note on Monday, September 28th. Finally, KeyCorp started coverage on shares of Linde in a research report on Thursday, September 10th. They set an “overweight” rating and a $542.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $547.29.
Linde Price Performance
LIN stock opened at $492.11 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. The business has a 50 day simple moving average of $478.25 and a 200-day simple moving average of $498.15. The firm has a market capitalization of $226.85 billion, a PE ratio of 31.79, a price-to-earnings-growth ratio of 2.84 and a beta of 0.71. Linde PLC has a 1 year low of $387.78 and a 1 year high of $548.20.
Linde (NASDAQ:LIN – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, beating 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 firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter last year, the firm earned $4.09 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. 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 anticipate that Linde PLC will post 17.86 earnings per share for the current fiscal 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 issued a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, September 3rd. Linde’s dividend payout ratio is presently 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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