Carderock Capital Management Inc. Buys New Position in Linde PLC $LIN

Key Points

• Carderock Capital Management initiated a position in Linde worth approximately $7.5 million, while other institutional investors also increased their holdings; institutions own 82.8% of the stock.
• Linde reported quarterly EPS of $4.50 and revenue of $9.29 billion, exceeding analyst expectations, with revenue rising 9.3% year over year. The company guided for fiscal 2026 EPS of $17.70–$17.90.
• Linde pays a quarterly dividend of $1.60, or $6.40 annually, yielding about 1.3%. Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and a $547.10 price target.

Carderock Capital Management Inc. bought a new position in Linde PLC (NASDAQ:LIN - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,796 shares of the basic materials company's stock, valued at approximately $7,498,000. Linde accounts for about 1.8% of Carderock Capital Management Inc.'s investment portfolio, making the stock its 25th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LIN. BIP Wealth LLC raised its holdings in shares of Linde by 1.4% in the 3rd quarter. BIP Wealth LLC now owns 3,408 shares of the basic materials company's stock worth $1,618,000 after purchasing an additional 46 shares in the last quarter. Boomfish Wealth Group LLC lifted its stake in Linde by 11.9% during the third quarter. Boomfish Wealth Group LLC now owns 3,245 shares of the basic materials company's stock valued at $1,540,000 after purchasing an additional 344 shares during the last quarter. MBL Wealth LLC boosted its holdings in Linde by 183.3% during the third quarter. MBL Wealth LLC now owns 2,490 shares of the basic materials company's stock worth $1,182,000 after buying an additional 1,611 shares in the last quarter. Old North State Wealth Management LLC acquired a new position in Linde in the third quarter worth approximately $1,380,000. Finally, Strategic Planning Group LLC grew its position in Linde by 5.7% in the third quarter. Strategic Planning Group LLC now owns 26,775 shares of the basic materials company's stock worth $12,709,000 after buying an additional 1,441 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Linde Trading Down 0.3%

NASDAQ LIN opened at $508.83 on Friday. Linde PLC has a twelve month low of $387.78 and a twelve month high of $548.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88. The stock has a market cap of $234.56 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 2.98 and a beta of 0.71. The firm's 50 day moving average price is $480.55 and its two-hundred day moving average price is $498.37.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $9.02 billion. During the same quarter in the prior year, the company earned $4.09 earnings per share. The company's revenue for the quarter 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. Equities analysts anticipate that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were paid 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 is currently 41.34%.

Analyst Ratings Changes

Several research analysts have issued reports on LIN shares. Barclays assumed coverage on Linde in a report on Monday, October 12th. They issued an "overweight" rating and a $577.00 price target on the stock. BMO Capital Markets restated an "outperform" rating on shares of Linde in a report on Thursday, October 8th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Linde in a research report on Monday. KeyCorp began coverage on Linde in a research report on Thursday, September 10th. They set an "overweight" rating and a $542.00 target price on the stock. Finally, Argus decreased their price target on Linde from $563.00 to $538.00 and set a "buy" rating for the company in a research report on Monday, September 28th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $547.10.

Linde 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.

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.