4,607 Shares of Linde PLC $LIN Bought by Annex Advisory Services LLC

Key Points

• Annex Advisory Services bought 4,607 Linde shares in the third quarter, valued at approximately $2.19 million. Institutional investors collectively own 82.8% of the company.
• Analysts remain broadly optimistic, with three Strong Buy and 19 Buy ratings versus two Holds, producing a consensus “Buy” rating and a $547.10 price target.
• Linde exceeded quarterly earnings and revenue expectations, reporting $4.50 in EPS and $9.29 billion in revenue, while raising its annualized dividend to $6.40 per share. However, its valuation remains a concern, with the stock trading at roughly 32 times earnings.

Annex Advisory Services LLC bought a new position in shares of Linde PLC (NASDAQ:LIN - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,607 shares of the basic materials company's stock, valued at approximately $2,187,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principia Wealth Advisory LLC boosted its stake in shares of Linde by 74.2% during the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company's stock worth $28,000 after purchasing an additional 23 shares during the last quarter. Legacy Wealth Managment LLC ID raised its position 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 valued at $28,000 after buying an additional 28 shares during the last quarter. Manning & Napier Advisors LLC raised its position 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 valued at $31,000 after buying an additional 58 shares during the last quarter. Marquette Asset Management LLC acquired a new position in shares of Linde in the third quarter valued at approximately $29,000. Finally, Polaris Financial Partners purchased a new position in shares of Linde during the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of analyst reports. Argus decreased their target price on shares of Linde from $563.00 to $538.00 and set a "buy" rating on the stock in a research report on Monday, September 28th. The Goldman Sachs Group set a $580.00 target price on shares of Linde and gave the stock a "buy" rating in a research note on Monday, August 10th. Barclays initiated coverage on Linde in a report on Monday, October 12th. They issued an "overweight" rating and a $577.00 price target for the company. Citigroup reduced their price target on Linde from $580.00 to $560.00 and set a "buy" rating on the stock in a research note on Wednesday, October 7th. Finally, Bank of America raised their price objective on Linde from $532.00 to $550.00 and gave the stock a "neutral" rating in a report on Friday, July 17th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Linde has an average rating of "Buy" and a consensus target price of $547.10.

Linde Price Performance

LIN opened at $498.43 on Friday. Linde PLC has a 1 year low of $387.78 and a 1 year high of $548.20. The company's 50 day simple moving average is $478.52 and its 200 day simple moving average is $498.15. The stock has a market capitalization of $229.77 billion, a PE ratio of 32.20, a P/E/G ratio of 2.91 and a beta of 0.71. 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 (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, topping the consensus estimate of $4.49 by $0.01. The firm 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%. Linde's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, sell-side analysts expect that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given 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 was Thursday, September 3rd. Linde's payout ratio is 41.34%.

Key Linde News

Here are the key news stories impacting Linde this week:

• Positive Sentiment: Barclays turned bullish on Linde. The firm initiated coverage with an “overweight” rating, adding to recent positive sentiment around Linde’s earnings durability, pricing power and exposure to long-term industrial and technology demand. Barclays initiates coverage of Linde at overweight
• Positive Sentiment: Linde is expanding its carbon-capture business in Sweden. The company plans to build a facility capable of capturing 200,000 tonnes of CO2 annually at a waste-to-energy site, reinforcing its position in industrial decarbonization and potentially expanding its project pipeline. Linde to build 200,000-tonne CO2 capture plant at Swedish waste-to-energy facility
• Positive Sentiment: Linde’s Taiwan affiliate is pursuing hydrogen infrastructure growth. Linde LienHwa is developing hydrogen-as-a-service and refueling solutions, which could create longer-term revenue opportunities as Taiwan increases hydrogen adoption. Linde LienHwa tackles hydrogen transport dilemma with HaaS Interview: Linde LienHwa fuels Taiwan’s hydrogen push
• Neutral Sentiment: RBC remains constructive but lowered its target. Royal Bank of Canada cut its price target from $553 to $549 while retaining an “outperform” rating, suggesting continued confidence but slightly less near-term upside.
• Negative Sentiment: Valuation is becoming a concern. Commentary that Linde appears fully valued on current earnings could weigh on the stock, particularly given its elevated earnings multiple and the need for continued earnings growth to justify further appreciation. Linde Stock Looks Fully Valued On Current Earnings

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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