3,496 Shares in Linde PLC $LIN Purchased by Smithbridge Asset Management Inc. DE

Key Points

• Smithbridge Asset Management purchased 3,496 shares of Linde valued at approximately $1.66 million, while institutional investors collectively own 82.8% of the company.
• Analysts maintain a favorable outlook, with Linde receiving an average “Buy” rating and a consensus price target of $547.10.
• Linde reported quarterly revenue of $9.29 billion and earnings of $4.50 per share, exceeding estimates, while revenue increased 9.3% year over year. The company also pays a $1.60 quarterly dividend, equivalent to a 1.3% yield.

Smithbridge Asset Management Inc. DE bought a new stake in shares of Linde PLC (NASDAQ:LIN - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,496 shares of the basic materials company's stock, valued at approximately $1,659,000.

Other large investors have also recently bought and sold shares of the company. Sanders Morris Harris LLC purchased a new stake in Linde during the 3rd quarter worth about $847,000. First Financial Bank Trust Division acquired a new position in Linde in the 3rd quarter valued at about $4,034,000. Hikari Power Ltd acquired a new position in Linde in the 2nd quarter valued at about $20,965,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in Linde by 271.8% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 8,462 shares of the basic materials company's stock valued at $4,195,000 after purchasing an additional 6,186 shares in the last quarter. Finally, Generali Investments Management Co LLC acquired a new stake in shares of Linde during the 2nd quarter worth about $2,931,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Citigroup lowered their price target on shares of Linde from $580.00 to $560.00 and set a "buy" rating for the company in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Linde from $580.00 to $575.00 and set a "buy" rating on the stock in a research note on Monday, August 3rd. Berenberg Bank restated a "buy" rating on shares of Linde in a research report on Tuesday, August 4th. DZ Bank restated a "neutral" rating on shares of Linde in a research report on Thursday, August 6th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Linde in a research note on Monday, October 5th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Linde presently has an average rating of "Buy" and an average target price of $547.10.

Linde Price Performance

Shares of NASDAQ:LIN opened at $503.44 on Tuesday. The company has a market cap of $232.08 billion, a P/E ratio of 28.91, a P/E/G ratio of 2.91 and a beta of 0.71. The business has a fifty day simple moving average of $478.74 and a 200-day simple moving average of $498.19. Linde PLC has a 52 week low of $387.78 and a 52 week high of $548.20. 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 released its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same period in the prior year, the business posted $4.09 earnings per share. The firm's revenue for the quarter 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. Equities research analysts forecast that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

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

About Linde

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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