Evergreen Capital Management LLC Makes New $3.40 Million Investment in Linde PLC $LIN

Key Points

• Evergreen Capital Management initiated a $3.4 million position in Linde during the third quarter by purchasing 7,164 shares. Institutional investors collectively own 82.8% of the company.
• Analysts maintain a favorable outlook, with Linde carrying a consensus “Buy” rating and an average price target of $547.10; recent targets ranged from $538 to $580.
• Linde reported quarterly EPS of $4.50 and revenue of $9.29 billion, exceeding estimates, while declaring a $1.60 quarterly dividend, equivalent to a 1.3% annual yield.

Evergreen Capital Management LLC purchased a new stake in shares of 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 7,164 shares of the basic materials company's stock, valued at approximately $3,400,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. boosted its stake in shares of Linde by 12.9% during the 2nd quarter. Atwood & Palmer Inc. now owns 175 shares of the basic materials company's stock worth $91,000 after acquiring an additional 20 shares in the last quarter. Valmark Advisers Inc. grew its position in shares of Linde by 0.5% during the 1st quarter. Valmark Advisers Inc. now owns 4,159 shares of the basic materials company's stock valued at $2,062,000 after acquiring an additional 22 shares during the period. Ellenbecker Investment Group grew its position in shares of Linde by 3.7% during the 1st quarter. Ellenbecker Investment Group now owns 652 shares of the basic materials company's stock valued at $323,000 after acquiring an additional 23 shares during the period. Principia Wealth Advisory LLC grew its position in shares of Linde by 74.2% during the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 23 shares during the period. Finally, Towercrest Capital Management increased its stake in shares of Linde by 2.8% in the 3rd quarter. Towercrest Capital Management now owns 918 shares of the basic materials company's stock valued at $436,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Analyst Ratings Changes

LIN has been the subject of a number of analyst reports. KeyCorp initiated coverage on Linde in a report on Thursday, September 10th. They issued an "overweight" rating and a $542.00 price target for the company. The Goldman Sachs Group set a $580.00 price objective on Linde and gave the company a "buy" rating in a report on Monday, August 10th. Argus cut their price objective on Linde from $563.00 to $538.00 and set a "buy" rating for the company in a research report on Monday, September 28th. Royal Bank Of Canada cut their price objective on Linde from $553.00 to $549.00 and set an "outperform" rating for the company in a research report on Thursday, October 15th. Finally, Bank of America upped their target price on Linde from $532.00 to $550.00 and gave the stock a "neutral" rating in a research note on Friday, July 17th. Three equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $547.10.

Linde Stock Down 0.2%

LIN stock opened at $507.56 on Tuesday. The stock has a market capitalization of $233.98 billion, a P/E ratio of 29.51, a P/E/G ratio of 2.97 and a beta of 0.71. The firm has a 50-day simple moving average of $480.65 and a 200-day simple moving average of $490.64. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. Linde PLC has a 52 week low of $387.78 and a 52 week high of $548.20.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.01. The firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Equities analysts forecast that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be 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 is Thursday, December 3rd. Linde's payout ratio is 41.34%.

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.

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