Boit C F David Makes New $1.33 Million Investment in Linde PLC $LIN

Key Points

• Boit C F David acquired 2,800 Linde shares during the third quarter, valued at approximately $1.33 million. Institutional investors collectively own 82.8% of Linde’s stock.
• Linde’s third-quarter results beat expectations: adjusted EPS reached $4.59 versus the $4.52 consensus, while revenue rose 9.3% year over year to $9.40 billion. Growth was supported by pricing, higher Americas volumes, electronics demand and AI-related semiconductor investment.
• Analysts remain broadly positive, with Linde carrying a “Moderate Buy” consensus rating and an average price target of $550.14. The company also declared a quarterly dividend of $1.60 per share, although restructuring costs and uneven industrial demand could weigh on near-term performance.

Boit C F David acquired a new position in Linde PLC (NASDAQ:LIN - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,800 shares of the basic materials company's stock, valued at approximately $1,329,000.

A number of other large investors have also recently added to or reduced their stakes in LIN. Sanders Morris Harris LLC acquired a new position in Linde in the third quarter valued at about $847,000. Carderock Capital Management Inc. acquired a new position in shares of Linde during the 3rd quarter worth approximately $7,498,000. Birch Hill Investment Advisors LLC acquired a new position in Linde in the 3rd quarter valued at about $1,875,000. First Financial Bank Trust Division bought a new position in Linde during the 3rd quarter worth $4,034,000. Finally, Hikari Power Ltd bought a new stake in shares of Linde in the second quarter valued at approximately $20,965,000. 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: Q3 results exceeded expectations: Adjusted EPS was $4.59, above the $4.52 consensus and up 9% year over year, while sales rose 9.3% to $9.40 billion, topping the $9.16 billion estimate. Linde Reports Third-Quarter 2026 Results
• Positive Sentiment: Growth drivers remain intact: Higher pricing, volume growth in the Americas, strong electronics demand and AI-related semiconductor investment supported the quarter. Management also cited a $7.9 billion project backlog, providing visibility into future growth. LIN Q3 Earnings Call Highlights Restructuring and Growth Outlook
• Positive Sentiment: Analysts raised their valuation targets: Barclays lifted its target from $577 to $591 and maintained an “overweight” rating, while RBC raised its target from $549 to $568 and upgraded or maintained an “outperform” view. The revisions signal continued confidence in Linde’s earnings durability and growth prospects.
• Neutral Sentiment: Underlying performance was stronger than reported GAAP results: GAAP net income declined 12% because of purchase-accounting effects and restructuring-related items, but adjusted net income increased 7% to $2.12 billion. Linde plc Q3 2026 Earnings Call Summary
• Negative Sentiment: Restructuring and near-term uncertainty temper the outlook: Linde expects a $425 million restructuring charge and guided fourth-quarter EPS to $4.40–$4.50. Uneven industrial demand, margin pressure and an evaluation of options for Lincare could limit near-term upside.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Citigroup increased their target price on Linde from $560.00 to $580.00 and gave the company a "buy" rating in a research report on Friday. Argus dropped their price target on shares of Linde from $563.00 to $538.00 and set a "buy" rating on the stock in a research report on Monday, September 28th. Bank of America upped their price target on shares of Linde from $532.00 to $550.00 and gave the company a "neutral" rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft lowered their price target on Linde from $580.00 to $575.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Linde in a research report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Linde has an average rating of "Moderate Buy" and an average price target of $550.14.

Linde Stock Performance

Shares of NASDAQ LIN opened at $514.24 on Monday. Linde PLC has a 1 year low of $387.78 and a 1 year high of $548.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.86 and a quick ratio of 0.72. The stock has a market cap of $237.05 billion, a PE ratio of 34.17, a price-to-earnings-growth ratio of 3.00 and a beta of 0.71. The firm has a fifty day moving average price of $483.53 and a 200-day moving average price of $492.35.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The basic materials company reported $4.59 EPS for the quarter, topping analysts' consensus estimates of $4.52 by $0.07. The business had revenue of $9.40 billion during the quarter, compared to analysts' expectations of $9.16 billion. Linde had a net margin of 19.34% and a return on equity of 20.32%. The business's revenue was up 9.3% on a year-over-year basis. During the same period last year, the company posted $4.21 EPS. Equities analysts anticipate that Linde PLC will post 17.88 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, December 3rd. Linde's payout ratio is presently 42.52%.

About Linde

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.

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.