15,956 Shares of Linde PLC $LIN Purchased by Park National Corp OH

Key Points

• Park National Corp OH purchased 15,956 shares of Linde during the third quarter, valued at approximately $7.6 million. Institutional investors collectively own 82.8% of Linde’s outstanding stock.
• Analysts maintain a bullish outlook, with a consensus “Buy” rating and an average price target of $546.80, compared with Linde’s recent trading price of $484.62.
• Linde reported quarterly revenue of $9.29 billion and earnings of $4.50 per share, slightly exceeding estimates; the company also pays a quarterly dividend of $1.60, representing a 1.3% annualized yield.

Park National Corp OH bought a new stake in Linde PLC (NASDAQ:LIN - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,956 shares of the basic materials company's stock, valued at approximately $7,574,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principia Wealth Advisory LLC raised its position in Linde by 74.2% in the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company's stock worth $28,000 after acquiring an additional 23 shares during the period. Legacy Wealth Managment LLC ID increased its stake in shares of Linde by 96.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company's stock worth $28,000 after purchasing an additional 28 shares in the last quarter. Manning & Napier Advisors LLC increased its stake in shares of Linde by 1,450.0% in the first quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company's stock worth $31,000 after purchasing an additional 58 shares in the last quarter. Polaris Financial Partners bought a new stake in shares of Linde during the 3rd quarter valued at $31,000. Finally, HHM Wealth Advisors LLC lifted its stake in shares of Linde by 257.1% during the 1st quarter. HHM Wealth Advisors LLC now owns 75 shares of the basic materials company's stock valued at $37,000 after buying an additional 54 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LIN has been the topic of several recent analyst reports. Argus decreased 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. 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 report on Monday, August 3rd. Sanford C. Bernstein reiterated an "outperform" rating on shares of Linde in a report on Monday. Royal Bank Of Canada decreased their price target on shares of Linde from $576.00 to $553.00 and set an "outperform" rating on the stock in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group set a $580.00 price objective on Linde and gave the company a "buy" rating in a research report on Monday, August 10th. 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 company currently has a consensus rating of "Buy" and a consensus price target of $546.80.

Linde Trading Up 1.1%

Shares of LIN traded up $5.14 during mid-day trading on Monday, reaching $484.62. 1,109,529 shares of the company's stock traded hands, compared to its average volume of 2,330,235. 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 stock's 50-day moving average is $479.86 and its two-hundred day moving average is $498.22. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The stock has a market cap of $223.40 billion, a P/E ratio of 31.31, a P/E/G ratio of 2.80 and a beta of 0.71.

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. The company had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $4.09 EPS. 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 forecast that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

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