Family Capital Trust Co purchased a new position in Linde PLC (NASDAQ:LIN – Free Report) during the third quarter, HoldingsChannel reports. The firm purchased 9,987 shares of the basic materials company’s stock, valued at approximately $4,740,000. Linde accounts for about 1.5% of Family Capital Trust Co’s investment portfolio, making the stock its 22nd largest position.
Several other hedge funds have also made changes to their positions in the company. Flossbach Von Storch SE bought a new stake in shares of Linde in the 2nd quarter valued at about $438,525,000. State Street Corp grew its position in Linde by 3.7% during 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 purchasing an additional 719,052 shares during the period. Hsbc Holdings PLC grew its position in Linde by 162.9% during the 1st quarter. Hsbc Holdings PLC now owns 1,097,110 shares of the basic materials company’s stock worth $543,951,000 after purchasing an additional 679,738 shares during the period. Renaissance Technologies LLC raised its stake in shares of Linde by 394.8% during the 1st quarter. Renaissance Technologies LLC now owns 629,820 shares of the basic materials company’s stock valued at $312,240,000 after buying an additional 502,520 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Linde by 2,320.1% during the 1st quarter. Bessemer Group Inc. now owns 464,011 shares of the basic materials company’s stock valued at $230,038,000 after buying an additional 444,838 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.
Linde Stock Performance
NASDAQ LIN opened at $508.83 on Friday. The stock has a market capitalization of $234.56 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 2.98 and a beta of 0.71. Linde PLC has a twelve month low of $387.78 and a twelve month high of $548.20. 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 stock 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 released its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share 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 business had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter last year, the business posted $4.09 earnings per share. The business’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. Sell-side analysts anticipate that Linde PLC will post 17.86 EPS for the current fiscal year.
Linde Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued 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 was Thursday, September 3rd. Linde’s payout ratio is currently 41.34%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Argus lowered their target price on Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a research note on Monday, September 28th. Bank of America upped their price objective on Linde from $532.00 to $550.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Royal Bank Of Canada dropped their price objective on shares of Linde from $553.00 to $549.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. UBS Group cut 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, October 5th. Finally, The Goldman Sachs Group set a $580.00 target price on shares of Linde and gave the company a “buy” rating in a research note on Monday, August 10th. Three 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $547.10.
Check Out Our Latest Analysis on Linde
About Linde
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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