2,052 Shares in Linde PLC $LIN Bought by Conning Inc.

Key Points

• Conning Inc. acquired 2,052 Linde shares in the third quarter, valued at approximately $974,000. Institutional investors collectively own 82.8% of Linde’s outstanding stock.
• Linde reported quarterly adjusted EPS of $4.59 and revenue of $9.40 billion, surpassing analyst estimates, with revenue up 9.3% year over year. Growth was supported by pricing, higher volumes and demand for gases used in electronics and AI infrastructure.
• The company declared a quarterly dividend of $1.60 per share, equal to an annualized $6.40 payout and a 1.3% yield. Analysts maintain a consensus “Buy” rating with an average price target of $547.48.

Conning Inc. acquired a new stake in Linde PLC (NASDAQ:LIN - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,052 shares of the basic materials company's stock, valued at approximately $974,000.

Other hedge funds also recently made changes to their positions in the company. Atwood & Palmer Inc. boosted its stake in shares of Linde by 12.9% in the second quarter. Atwood & Palmer Inc. now owns 175 shares of the basic materials company's stock valued at $91,000 after purchasing an additional 20 shares during the period. Valmark Advisers Inc. grew its holdings in Linde by 0.5% during the 1st quarter. Valmark Advisers Inc. now owns 4,159 shares of the basic materials company's stock valued at $2,062,000 after purchasing an additional 22 shares in the last quarter. Principia Wealth Advisory LLC grew its holdings in Linde by 74.2% during the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 23 shares in the last quarter. Towercrest Capital Management increased its stake in Linde by 2.8% during the 3rd quarter. Towercrest Capital Management now owns 918 shares of the basic materials company's stock worth $436,000 after buying an additional 25 shares during the period. Finally, 44 Wealth Management LLC increased its stake in Linde by 3.7% during the 1st quarter. 44 Wealth Management LLC now owns 724 shares of the basic materials company's stock worth $359,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 82.80% of the company's stock.

Linde Price Performance

LIN opened at $503.15 on Friday. The company has a market capitalization of $231.94 billion, a P/E ratio of 29.48, a PEG ratio of 2.96 and a beta of 0.71. The company has a 50-day moving average of $482.87 and a 200-day moving average of $492.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The basic materials company reported $4.59 EPS for the quarter, topping the consensus estimate of $4.52 by $0.07. The business had revenue of $9.40 billion for the quarter, compared to analysts' expectations of $9.16 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. The company's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $4.21 earnings per share. Equities analysts expect that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LIN shares. DZ Bank reiterated a "neutral" rating on shares of Linde in a report on Thursday, August 6th. UBS Group lowered their target price on Linde from $612.00 to $574.00 and set a "buy" rating for the company in a research note on Monday, October 5th. Barclays began coverage on Linde in a research note on Monday, October 12th. They set an "overweight" rating and a $577.00 target price for the company. Evercore lifted their target price on Linde from $515.00 to $525.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. Finally, Bank of America boosted their price target on Linde from $532.00 to $550.00 and gave the stock a "neutral" rating in a research note on Friday, July 17th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $547.48.

More Linde News

Here are the key news stories impacting Linde this week:

• Positive Sentiment: Adjusted earnings and revenue beat expectations. Linde posted adjusted EPS of $4.59, above the $4.52 consensus, while sales increased 9% year over year to $9.4 billion versus expectations of $9.16 billion. Adjusted EPS rose 9% from the prior-year quarter. Linde Reports Third-Quarter 2026 Results
• Positive Sentiment: Pricing, volumes and electronics demand supported growth. Higher pricing and volume gains in the Americas, along with strong demand for gases used in semiconductor manufacturing and artificial-intelligence infrastructure, helped drive the sales increase. Management also raised its full-year 2026 earnings outlook. LIN Q3 Earnings Beat Estimates on Higher Americas Pricing and Volumes
• Positive Sentiment: Demand trends remain constructive. The earnings call highlighted continued momentum in electronics and other end markets, reinforcing the long-term growth case for Linde’s specialty and industrial gases businesses. Linde plc Q3 2026 Earnings Call Summary
• Neutral Sentiment: Reported results were mixed. GAAP net income declined 12% to $1.69 billion and diluted EPS fell 11% to $3.66, primarily reflecting purchase-accounting effects and other costs; adjusted profitability was substantially stronger.
• Negative Sentiment: Near-term guidance and restructuring costs may limit enthusiasm. Linde guided fourth-quarter adjusted EPS to $4.40–$4.50 and expects to record a $425 million restructuring charge. Investors are also evaluating strategic options for Lincare, adding uncertainty around near-term earnings and capital allocation. Linde Guides Q4 EPS and Takes Restructuring Charge

Linde Company 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.

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