11,598 Shares in Linde PLC $LIN Purchased by Gradient Investments LLC

Key Points

• Gradient Investments acquired 11,598 Linde shares worth approximately $5.5 million during the third quarter. Institutional investors collectively own 82.8% of Linde’s stock.
• Analysts maintain a positive outlook, with Linde carrying a consensus “Buy” rating and an average price target of $545.80.
• Linde exceeded quarterly expectations, reporting $4.50 in adjusted earnings per share and $9.29 billion in revenue, while paying a quarterly dividend of $1.60 per share.

Gradient Investments LLC acquired a new stake in Linde PLC (NASDAQ:LIN - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,598 shares of the basic materials company's stock, valued at approximately $5,505,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avidian Wealth Enterprises LLC acquired a new stake in Linde during the third quarter worth $1,633,000. Valeo Financial Advisors LLC lifted its stake in shares of Linde by 8.8% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,477 shares of the basic materials company's stock valued at $1,651,000 after purchasing an additional 280 shares during the last quarter. New Covenant Trust Company N.A. lifted its stake in shares of Linde by 7.6% in the 3rd quarter. New Covenant Trust Company N.A. now owns 1,085 shares of the basic materials company's stock valued at $515,000 after purchasing an additional 77 shares during the last quarter. Toth Financial Advisory Corp purchased a new position in shares of Linde during the 3rd quarter worth $38,000. Finally, Whalen Wealth Management Inc. grew its holdings in shares of Linde by 7.6% during the 3rd quarter. Whalen Wealth Management Inc. now owns 2,002 shares of the basic materials company's stock worth $950,000 after purchasing an additional 141 shares during the period. Hedge funds and other institutional investors own 82.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Bank of America increased their target price on Linde from $532.00 to $550.00 and gave the stock a "neutral" rating in a research note on Friday, July 17th. Royal Bank Of Canada dropped their target price on Linde from $576.00 to $553.00 and set an "outperform" rating for the company in a research report on Monday, August 3rd. 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 reduced their price target on shares of Linde from $563.00 to $538.00 and set a "buy" rating on the stock in a research report on Monday, September 28th. Finally, KeyCorp started coverage on shares of Linde in a research note on Thursday, September 10th. They issued an "overweight" rating and a $542.00 price objective for the company. Two 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, the stock currently has a consensus rating of "Buy" and a consensus price target of $545.80.

Linde Price Performance

Shares of NASDAQ:LIN opened at $481.70 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. The company has a market cap of $222.05 billion, a P/E ratio of 31.12, a PEG ratio of 2.82 and a beta of 0.71. Linde PLC has a 52 week low of $387.78 and a 52 week high of $548.20. The company has a 50-day moving average price of $477.86 and a 200 day moving average price of $498.06.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating analysts' consensus estimates of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%.The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same quarter in the previous year, the company earned $4.09 EPS. The firm's revenue for the quarter 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. Research analysts predict that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were paid a $1.60 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Linde's payout ratio is 41.34%.

About Linde

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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