20,299 Shares in Linde PLC $LIN Acquired by BLB&B Advisors LLC

Key Points

• BLB&B Advisors LLC acquired 20,299 Linde shares during the third quarter, valued at approximately $9.6 million. Institutional investors collectively own 82.8% of Linde’s outstanding stock.
• Analysts maintain a favorable outlook, with a consensus “Buy” rating and an average price target of $547.10, despite recent target reductions from Citigroup and Argus.
• Linde reported quarterly EPS of $4.50 and revenue of $9.29 billion, exceeding estimates, while declaring a $1.60 quarterly dividend, equivalent to a 1.3% annual yield.

BLB&B Advisors LLC purchased a new position in Linde PLC (NASDAQ:LIN - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,299 shares of the basic materials company's stock, valued at approximately $9,635,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atwood & Palmer Inc. increased its stake in Linde by 12.9% in the 2nd quarter. Atwood & Palmer Inc. now owns 175 shares of the basic materials company's stock worth $91,000 after buying an additional 20 shares during the period. Valmark Advisers Inc. grew its stake in Linde by 0.5% in the 1st quarter. Valmark Advisers Inc. now owns 4,159 shares of the basic materials company's stock worth $2,062,000 after acquiring an additional 22 shares in the last quarter. Ellenbecker Investment Group grew its stake in Linde by 3.7% in the 1st quarter. Ellenbecker Investment Group now owns 652 shares of the basic materials company's stock worth $323,000 after acquiring an additional 23 shares in the last quarter. Principia Wealth Advisory LLC increased its position in shares of Linde by 74.2% during 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. Finally, Towercrest Capital Management increased its position in shares of Linde by 2.8% during the third quarter. Towercrest Capital Management now owns 918 shares of the basic materials company's stock worth $436,000 after acquiring an additional 25 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LIN has been the subject of several research analyst reports. Citigroup decreased their price target on shares of Linde from $580.00 to $560.00 and set a "buy" rating for the company in a research note on Wednesday, October 7th. Argus dropped their price objective on Linde from $563.00 to $538.00 and set a "buy" rating on the stock in a research note on Monday, September 28th. Sanford C. Bernstein reissued an "outperform" rating on shares of Linde in a research note on Monday, October 5th. DZ Bank restated a "neutral" rating on shares of Linde in a report on Thursday, August 6th. Finally, Berenberg Bank reaffirmed a "buy" rating on shares of Linde in a research report on Tuesday, August 4th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $547.10.

Linde Price Performance

Shares of LIN opened at $508.16 on Thursday. 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 50 day moving average price of $482.43 and a 200-day moving average price of $491.70. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The stock has a market capitalization of $234.25 billion, a PE ratio of 32.83, a PEG ratio of 2.97 and a beta of 0.71.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.01. The company had revenue of $9.29 billion for 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%. Linde's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $4.09 earnings per share. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. Equities analysts predict that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a $1.60 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Linde's dividend payout ratio (DPR) is currently 41.34%.

Linde Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.