5,950 Shares of Linde PLC $LIN Purchased by Brookmont Capital Management

Key Points

• Brookmont Capital Management initiated a Linde position by purchasing 5,950 shares valued at approximately $2.8 million, representing 1.6% of its portfolio. Institutional investors collectively own 82.8% of Linde’s outstanding shares.
• Linde reported quarterly EPS of $4.50, narrowly beating estimates, while revenue rose 9.3% year over year to $9.29 billion. The company maintained FY 2026 EPS guidance of $17.70–$17.90.
• Linde pays a quarterly dividend of $1.60 per share, or $6.40 annually, for a 1.3% yield. Analysts maintain a consensus “Buy” rating with an average price target of $547.10.

Brookmont Capital Management bought a new stake in shares of Linde PLC (NASDAQ:LIN - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,950 shares of the basic materials company's stock, valued at approximately $2,824,000. Linde makes up approximately 1.6% of Brookmont Capital Management's holdings, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in Linde by 3.7% in the second quarter. State Street Corp now owns 20,344,181 shares of the basic materials company's stock worth $10,558,016,000 after acquiring an additional 719,052 shares in the last quarter. Amundi grew its stake 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 acquiring an additional 373,012 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 valued at $1,358,712,000 after acquiring an additional 64,078 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of 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 valued at $805,475,000 after acquiring an additional 361,664 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Linde by 6.6% during the first quarter. Swiss National Bank now owns 1,370,361 shares of the basic materials company's stock valued at $679,370,000 after acquiring an additional 85,360 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Down 0.3%

NASDAQ:LIN opened at $508.83 on Friday. The firm has a market capitalization of $234.56 billion, a P/E ratio of 32.87, a PEG ratio of 2.97 and a beta of 0.71. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The company's fifty day moving average price is $480.55 and its 200-day moving average price is $498.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75.

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. Linde had a return on equity of 20.09% and a net margin of 20.43%. The business had revenue of $9.29 billion during the quarter, compared to analysts' expectations of $9.02 billion. During the same quarter in the previous year, the firm posted $4.09 EPS. The company's revenue for the quarter was up 9.3% on a year-over-year basis. 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 research analysts anticipate that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, September 3rd. Linde's dividend payout ratio (DPR) is currently 41.34%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. KeyCorp initiated coverage on shares of Linde in a research report on Thursday, September 10th. They issued an "overweight" rating and a $542.00 price objective for the company. 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 research report on Wednesday, October 7th. Weiss Ratings restated a "buy (b)" rating on shares of Linde in a research note on Monday, October 19th. Evercore upped their price target on shares of Linde from $515.00 to $525.00 and gave the company an "outperform" rating in a research note on Wednesday, August 12th. Finally, The Goldman Sachs Group set a $580.00 price target on shares of Linde and gave the stock a "buy" rating in a report on Monday, August 10th. Three 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $547.10.

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.

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