Avidian Wealth Enterprises LLC Acquires 3,441 Shares of Linde PLC $LIN

Key Points

• Avidian Wealth Enterprises initiated a position in Linde by purchasing 3,441 shares valued at approximately $1.63 million. Institutional investors collectively own 82.8% of Linde’s outstanding stock.
• Analysts remain broadly positive, with Linde receiving an average “Buy” rating and a consensus price target of $545.80, despite several firms recently lowering their targets.
• Linde reported quarterly revenue of $9.29 billion and EPS of $4.50, exceeding estimates, while revenue increased 9.3% year over year. The company also paid a quarterly dividend of $1.60 per share, equivalent to a 1.3% yield.

Avidian Wealth Enterprises LLC bought a new position in Linde PLC (NASDAQ:LIN - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 3,441 shares of the basic materials company's stock, valued at approximately $1,633,000.

Several other institutional investors and hedge funds also recently bought and sold shares of LIN. Valeo Financial Advisors LLC grew its position in shares of Linde by 8.8% during the third quarter. Valeo Financial Advisors LLC now owns 3,477 shares of the basic materials company's stock worth $1,651,000 after purchasing an additional 280 shares in the last quarter. New Covenant Trust Company N.A. lifted its holdings in Linde by 7.6% in the 3rd quarter. New Covenant Trust Company N.A. now owns 1,085 shares of the basic materials company's stock worth $515,000 after purchasing an additional 77 shares in the last quarter. Toth Financial Advisory Corp purchased a new position in Linde in the 3rd quarter worth approximately $38,000. Whalen Wealth Management Inc. boosted its stake in Linde by 7.6% in the 3rd quarter. Whalen Wealth Management Inc. now owns 2,002 shares of the basic materials company's stock worth $950,000 after purchasing an additional 141 shares during the period. Finally, Vann Equity Management LLC purchased a new stake in Linde during the 3rd quarter valued at approximately $376,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on LIN. UBS Group reduced their price objective on shares of Linde from $612.00 to $574.00 and set a "buy" rating on the stock in a research report on Monday. Royal Bank Of Canada dropped their target price on shares of Linde from $576.00 to $553.00 and set an "outperform" rating for the company in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Linde from $580.00 to $575.00 and set a "buy" rating for the company in a research note on Monday, August 3rd. Weiss Ratings upgraded shares of Linde from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 21st. Finally, KeyCorp began coverage on shares of Linde in a report on Thursday, September 10th. They set an "overweight" rating and a $542.00 price objective for the company. Two 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, Linde currently has an average rating of "Buy" and an average price target of $545.80.

Linde Trading Down 0.5%

Shares of NASDAQ LIN opened at $481.70 on Friday. The business's 50 day moving average is $477.86 and its two-hundred day moving average is $498.06. 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 PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The stock has a market capitalization of $222.05 billion, a P/E ratio of 31.12, a PEG ratio of 2.82 and a beta of 0.71.

Linde (NASDAQ:LIN - Get Free Report) last posted 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. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%.The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the company earned $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, research analysts expect that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

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

Linde 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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