120,481 Shares in Linde PLC $LIN Acquired by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors acquired 120,481 Linde shares worth approximately $57.2 million during the third quarter. Institutional investors collectively own 82.8% of Linde’s outstanding stock.
• Analysts remain broadly bullish, with two Strong Buy and 20 Buy ratings versus two Holds. The stock has an average price target of $547.29, above its reported opening price of $492.70.
• Linde exceeded quarterly expectations with $4.50 in EPS and $9.29 billion in revenue, up 9.3% year over year. The company also declared a $1.60 quarterly dividend, equivalent to a 1.3% yield.

Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Linde PLC (NASDAQ:LIN - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 120,481 shares of the basic materials company's stock, valued at approximately $57,186,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Financial Bank Trust Division purchased a new position in shares of Linde during the 3rd quarter valued at approximately $4,034,000. Sanders Morris Harris LLC acquired a new stake in Linde in the 3rd quarter valued at $847,000. Hikari Power Ltd acquired a new stake in Linde in the 2nd quarter valued at $20,965,000. Patriot Financial Group Insurance Agency LLC grew its stake 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 acquiring an additional 6,186 shares during the period. Finally, Generali Investments Management Co LLC purchased a new stake in Linde in the 2nd quarter worth $2,931,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Analysts Set New Price Targets

LIN has been the subject of a number of research analyst reports. Royal Bank Of Canada reduced their price objective on shares of Linde from $576.00 to $553.00 and set an "outperform" rating for the company in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Linde from $580.00 to $575.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. Argus dropped their target price 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. 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 report on Wednesday, October 7th. Finally, Jefferies Financial Group boosted their target price on shares of Linde from $535.00 to $560.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $547.29.

Linde Stock Up 0.1%

NASDAQ LIN opened at $492.70 on Thursday. The business has a fifty day moving average price of $478.29 and a 200 day moving average price of $498.13. 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 company has a market cap of $227.12 billion, a P/E ratio of 31.83, a P/E/G ratio of 2.87 and a beta of 0.71. Linde PLC has a one year low of $387.78 and a one year high of $548.20.

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

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 3rd. Linde's dividend payout ratio (DPR) is currently 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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