B. Riley Wealth Advisors Inc. Acquires 3,002 Shares of Linde PLC $LIN

Key Points

• B. Riley Wealth Advisors acquired 3,002 Linde shares worth approximately $1.425 million in the third quarter. Institutional investors collectively own 82.8% of the company.
• Analysts remain broadly bullish, with Linde carrying an average “Buy” rating and a $547.10 price target; Barclays initiated coverage with an “overweight” rating and a $577 target.
• 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 pays a $1.60 quarterly dividend, equivalent to a 1.3% yield.

B. Riley Wealth Advisors Inc. 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. The firm bought 3,002 shares of the basic materials company's stock, valued at approximately $1,425,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Atwood & Palmer Inc. raised its holdings in Linde by 12.9% in the 2nd quarter. Atwood & Palmer Inc. now owns 175 shares of the basic materials company's stock valued at $91,000 after acquiring an additional 20 shares during the period. Meadowbrook Advisors Group LLC lifted its position in Linde by 4.3% during the first quarter. Meadowbrook Advisors Group LLC now owns 511 shares of the basic materials company's stock worth $253,000 after acquiring an additional 21 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in shares of Linde by 0.5% during the first quarter. Valmark Advisers Inc. now owns 4,159 shares of the basic materials company's stock worth $2,062,000 after acquiring an additional 22 shares during the period. Ellenbecker Investment Group boosted its holdings in shares of Linde by 3.7% during the first quarter. Ellenbecker Investment Group now owns 652 shares of the basic materials company's stock worth $323,000 after acquiring an additional 23 shares during the period. Finally, Principia Wealth Advisory LLC boosted its holdings in shares of Linde by 74.2% during the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company's stock worth $28,000 after acquiring an additional 23 shares during the period. Institutional investors own 82.80% of the company's stock.

Trending Headlines about Linde

Here are the key news stories impacting Linde this week:

• Positive Sentiment: Barclays upgraded Linde to “strong buy,” signaling increased confidence in the industrial-gases producer’s earnings outlook and business durability. Barclays upgrade report
• Positive Sentiment: Royal Bank of Canada retained an “outperform” rating and its revised $549 target still implies meaningful upside from the current share price, despite the modest target reduction. RBC analyst action
• Positive Sentiment: A recent article highlighted Linde’s exposure to industrial gases and long-term secular growth trends, reinforcing the company’s positioning in essential industrial markets. Linde adds exposure to industrial gases and secular growth trends
• Positive Sentiment: Linde was featured among dividend companies viewed as capable of raising prices without materially damaging demand, supporting its defensive appeal and potential for continued cash-flow growth. Five boring dividend stocks that could keep growing
• Neutral Sentiment: Analyst-rating coverage remains an important focus for investors, but the available report provides no specific new earnings or valuation forecast. What investment firms are saying about Linde
• Negative Sentiment: One valuation-focused analysis argued that Linde appears fully valued on current earnings. With a reported forward-looking valuation near 32 times earnings, this could limit upside and make the stock sensitive to weaker growth or disappointing guidance. Linde stock looks fully valued on current earnings

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LIN shares. Barclays assumed coverage on Linde in a research note on Monday. They set an "overweight" rating and a $577.00 target price on the stock. Jefferies Financial Group boosted their price target on Linde from $535.00 to $560.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. KeyCorp started coverage on Linde in a research note on Thursday, September 10th. They issued an "overweight" rating and a $542.00 price target for the company. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Linde in a report on Monday, October 5th. Finally, Bank of America increased their price objective on Linde from $532.00 to $550.00 and gave the stock a "neutral" rating in a research report on Friday, July 17th. Three 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. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $547.10.

Linde Stock Up 0.1%

NASDAQ LIN opened at $493.22 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The company has a 50 day moving average of $478.35 and a 200-day moving average of $498.15. The company has a market cap of $227.36 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 2.87 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 EPS for the quarter, topping analysts' consensus estimates of $4.49 by $0.01. The firm had revenue of $9.29 billion for 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 was up 9.3% on a year-over-year basis. During the same quarter 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. On average, equities research analysts expect that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a $1.60 dividend. 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 dividend payout ratio (DPR) is currently 41.34%.

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.

Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde PLC (NASDAQ:LIN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.