12,387 Shares of Linde PLC $LIN Bought by Baker Ellis Asset Management LLC

Key Points

• Baker Ellis Asset Management purchased 12,387 shares of Linde worth approximately $5.88 million during the third quarter. Institutional investors collectively own 82.8% of Linde’s stock.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $547.29; individual targets range as high as $575.
• Linde reported quarterly revenue of $9.29 billion, up 9.3% year over year, and earnings of $4.50 per share, slightly exceeding estimates. The company also paid a quarterly dividend of $1.60 per share, yielding about 1.3% annually.

Baker Ellis Asset Management LLC bought a new stake in Linde PLC (NASDAQ:LIN - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,387 shares of the basic materials company's stock, valued at approximately $5,880,000.

Several other institutional investors have also recently made changes to their positions in the business. Principia Wealth Advisory LLC grew its stake in shares of Linde by 74.2% in the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company's stock valued at $28,000 after buying an additional 23 shares during the period. Legacy Wealth Managment LLC ID raised its stake in shares of Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 28 shares during the period. Manning & Napier Advisors LLC increased its holdings in Linde by 1,450.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 58 shares during the last quarter. Marquette Asset Management LLC purchased a new position in shares of Linde during the third quarter worth $29,000. Finally, Polaris Financial Partners purchased a new position in shares of Linde during the third quarter worth $31,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LIN. Sanford C. Bernstein reissued an "outperform" rating on shares of Linde in a research report on Monday, October 5th. Jefferies Financial Group increased their price target on Linde from $535.00 to $560.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Berenberg Bank reissued a "buy" rating on shares of Linde in a research report on Tuesday, August 4th. DZ Bank reissued a "neutral" rating on shares of Linde in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Linde from $580.00 to $575.00 and set a "buy" rating for the company in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $547.29.

Linde Stock Performance

LIN traded up $0.59 on Wednesday, hitting $492.70. 2,484,196 shares of the company traded hands, compared to its average volume of 2,327,877. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The stock has a market capitalization of $227.12 billion, a PE ratio of 31.83, a PEG ratio of 2.84 and a beta of 0.71. 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 50 day moving average of $478.25 and a 200-day moving average of $498.15.

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

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid 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 of this dividend was Thursday, September 3rd. Linde's dividend payout ratio (DPR) is currently 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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