5,992 Shares of Linde PLC $LIN Acquired by AdvisorNet Financial Inc

Key Points

• AdvisorNet Financial acquired 5,992 Linde shares worth approximately $2.95 million during the third quarter. Institutional investors collectively own 82.8% of Linde’s outstanding stock.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $547.10, although RBC recently reduced its target to $549 from $553.
• Linde reported quarterly EPS of $4.50 and revenue of $9.29 billion, both slightly ahead of expectations. The company also maintains a quarterly dividend of $1.60, equivalent to a 1.3% annual yield.

AdvisorNet Financial Inc acquired a new stake in Linde PLC (NASDAQ:LIN - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,992 shares of the basic materials company's stock, valued at approximately $2,952,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Linde by 3.7% during the second quarter. State Street Corp now owns 20,344,181 shares of the basic materials company's stock valued at $10,558,016,000 after purchasing an additional 719,052 shares in the last quarter. Invesco Ltd. raised its stake in Linde by 26.0% during the fourth quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company's stock valued at $2,303,494,000 after purchasing an additional 1,114,751 shares in the last quarter. Amundi lifted its position in Linde by 13.4% during the first quarter. Amundi now owns 3,162,409 shares of the basic materials company's stock valued at $1,567,796,000 after purchasing an additional 373,012 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Linde by 2.4% in the 1st 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Linde by 28.6% in the 1st 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 in the last quarter. 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. Citigroup cut their price objective 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. Berenberg Bank reiterated a "buy" rating on shares of Linde in a research note on Tuesday, August 4th. Royal Bank Of Canada dropped their target price on shares of Linde from $553.00 to $549.00 and set an "outperform" rating on the stock in a research note on Thursday. BMO Capital Markets reissued an "outperform" rating on shares of Linde in a research note on Thursday, October 8th. Finally, Weiss Ratings raised Linde from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, July 21st. Three equities research 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, the company presently has a consensus rating of "Buy" and an average price target of $547.10.

Linde Price Performance

NASDAQ LIN opened at $498.43 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. The stock's fifty day moving average price is $478.52 and its 200 day moving average price is $498.15. Linde PLC has a 1 year low of $387.78 and a 1 year high of $548.20. The company has a market cap of $229.77 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 2.88 and a beta of 0.71.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, beating the consensus estimate of $4.49 by $0.01. The business had revenue of $9.29 billion during the quarter, compared to analysts' expectations of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $4.09 EPS. 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 forecast that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

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

Key Headlines Impacting Linde

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

Linde Company Profile

Linde plc NASDAQ: LIN is a global industrial gases and engineering company that supplies gases, related equipment and process technologies to customers in healthcare, manufacturing, chemicals, energy, food and beverage, electronics, and other industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide and specialty gases.

The company provides gases through on-site production facilities, pipelines, bulk deliveries and packaged cylinders. It also designs and builds industrial gas plants and offers technologies and services for applications such as hydrogen production, carbon capture, clean energy, semiconductor manufacturing, metal fabrication and medical care.

Linde traces its history to 1879, when German engineer Carl von Linde developed refrigeration and gas-related technologies.

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