67,989 Shares in Linde PLC $LIN Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management purchased 67,989 Linde shares during the third quarter, valued at approximately $32.3 million. Institutional investors collectively own 82.8% of Linde’s outstanding stock.
• Linde reported quarterly revenue of $9.29 billion and earnings of $4.50 per share, slightly exceeding analyst estimates; revenue increased 9.3% year over year. The company maintained full-year 2026 EPS guidance of $17.70–$17.90.
• Linde pays a quarterly dividend of $1.60, or $6.40 annually, representing a 1.3% yield. Analysts maintain a consensus “Buy” rating with an average price target of $547.10.

Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Linde PLC (NASDAQ:LIN - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 67,989 shares of the basic materials company's stock, valued at approximately $32,271,000.

Several other hedge funds have also recently bought and sold shares of the business. State Street Corp grew its stake 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 worth $10,558,016,000 after buying an additional 719,052 shares during the period. Amundi increased its position in shares of Linde by 13.4% in 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 in the last quarter. Dimensional Fund Advisors LP raised 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 valued at $1,358,712,000 after acquiring an additional 64,078 shares during the period. Arrowstreet Capital Limited Partnership raised 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 valued at $805,475,000 after acquiring an additional 361,664 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Linde by 6.6% during the 1st 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. Hedge funds and other institutional investors own 82.80% of the company's stock.

Linde Stock Performance

NASDAQ:LIN opened at $503.44 on Tuesday. 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 firm has a 50-day moving average of $478.74 and a two-hundred day moving average of $498.19. The stock has a market cap of $232.08 billion, a P/E ratio of 32.52, a PEG ratio of 2.91 and a beta of 0.71. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20.

Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share 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 company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same period last year, the firm earned $4.09 earnings per share. The company's revenue 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. On average, research analysts expect that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

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 currently 41.34%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Bank of America lifted their target price on shares of Linde from $532.00 to $550.00 and gave the company a "neutral" rating in a report on Friday, July 17th. Royal Bank Of Canada lowered their price target on Linde from $553.00 to $549.00 and set an "outperform" rating for the company in a report on Thursday, October 15th. UBS Group lowered their price target on Linde from $612.00 to $574.00 and set a "buy" rating for the company in a report on Monday, October 5th. DZ Bank reissued a "neutral" rating on shares of Linde in a research report on Thursday, August 6th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Linde in a research report on Thursday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $547.10.

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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