3,074 Linde PLC $LIN Shares Sold by Brookstone Capital Management

Key Points

• Brookstone Capital Management reduced its Linde stake by 12.5%, selling 3,074 shares and retaining 21,466 shares valued at approximately $10.2 million. Institutional investors collectively own 82.8% of Linde.
• Wall Street remains broadly positive on Linde, with an average rating of “Buy” and a consensus price target of $547.10, despite some analysts lowering their targets.
• Linde reported quarterly revenue of $9.29 billion and EPS of $4.50, exceeding estimates, while revenue increased 9.3% year over year. The company also pays a quarterly dividend of $1.60 per share, representing a 1.3% yield.

Brookstone Capital Management lessened its stake in Linde PLC (NASDAQ:LIN - Free Report) by 12.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,466 shares of the basic materials company's stock after selling 3,074 shares during the period. Brookstone Capital Management's holdings in Linde were worth $10,189,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp raised its holdings in Linde by 3.7% during the 2nd quarter. State Street Corp now owns 20,344,181 shares of the basic materials company's stock worth $10,558,016,000 after purchasing an additional 719,052 shares during the last quarter. Amundi increased its position in shares of Linde by 13.4% during the first quarter. Amundi now owns 3,162,409 shares of the basic materials company's stock worth $1,567,796,000 after buying an additional 373,012 shares during the period. Dimensional Fund Advisors LP raised its stake in Linde by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company's stock worth $1,358,712,000 after buying an additional 64,078 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Linde by 28.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,624,728 shares of the basic materials company's stock worth $805,475,000 after buying an additional 361,664 shares during the last quarter. Finally, Swiss National Bank raised its stake in Linde by 6.6% during the first quarter. Swiss National Bank now owns 1,370,361 shares of the basic materials company's stock worth $679,370,000 after buying an additional 85,360 shares during the last quarter. Institutional investors own 82.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LIN. 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 report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft decreased their price target on Linde from $580.00 to $575.00 and set a "buy" rating for the company in a report on Monday, August 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of Linde in a research report on Monday. DZ Bank reissued a "neutral" rating on shares of Linde in a research note on Thursday, August 6th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Linde in a research report on Thursday, October 8th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $547.10.

Linde Trading Down 0.3%

NASDAQ LIN opened at $508.83 on Friday. The company has a market cap of $234.56 billion, a price-to-earnings ratio of 32.87, a P/E/G ratio of 2.98 and a beta of 0.71. Linde PLC has a 52 week low of $387.78 and a 52 week high of $548.20. The business has a 50 day moving average price of $480.55 and a 200-day moving average price of $498.37. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%. The company had revenue of $9.29 billion for the quarter, compared to analysts' expectations of $9.02 billion. During the same period last year, the business earned $4.09 EPS. Linde's quarterly revenue was up 9.3% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. As a group, equities analysts expect that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given a dividend of $1.60 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. Linde's payout ratio is presently 41.34%.

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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