Freedom Day Solutions LLC Makes New Investment in Linde PLC $LIN

Key Points

• Freedom Day Solutions LLC acquired 5,921 Linde shares worth approximately $2.81 million in the third quarter. Institutional investors collectively own 82.8% of Linde’s stock.
• Linde exceeded quarterly earnings expectations, reporting $4.50 per share versus the $4.49 consensus estimate, while revenue rose 9.3% year over year to $9.29 billion.
• Analysts maintain a broadly positive view, with an average “Buy” rating and a $547.10 price target. Linde also pays a quarterly dividend of $1.60, or $6.40 annually, yielding about 1.3%.

Freedom Day Solutions LLC bought a new position in shares of Linde PLC (NASDAQ:LIN - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,921 shares of the basic materials company's stock, valued at approximately $2,811,000.

Other hedge funds have also modified their holdings of the company. Legacy Wealth Managment LLC ID boosted its position in shares of Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 28 shares during the period. Principia Wealth Advisory LLC increased its stake in Linde by 74.2% in the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company's stock worth $28,000 after purchasing an additional 23 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in Linde during the 3rd quarter worth about $29,000. Manning & Napier Advisors LLC raised its holdings in Linde by 1,450.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company's stock worth $31,000 after buying an additional 58 shares during the period. Finally, Polaris Financial Partners purchased a new stake in Linde during the third quarter valued at about $31,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Stock Performance

Shares of LIN stock opened at $503.44 on Tuesday. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $232.08 billion, a price-to-earnings ratio of 32.52, a P/E/G ratio of 2.91 and a beta of 0.71. The stock's fifty day simple moving average is $478.74 and its 200-day simple moving average is $498.19.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same period in the previous year, the firm earned $4.09 earnings per share. Linde's quarterly revenue 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. On average, sell-side analysts predict that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a $1.60 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Linde's dividend payout ratio is currently 41.34%.

Analyst Upgrades and Downgrades

Several research analysts have commented on LIN shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Linde from $580.00 to $575.00 and set a "buy" rating for the company in a report on Monday, August 3rd. Citigroup cut their price target on shares of Linde from $580.00 to $560.00 and set a "buy" rating on the stock in a report on Wednesday, October 7th. UBS Group reduced their price target on shares of Linde from $612.00 to $574.00 and set a "buy" rating for the company in a research report on Monday, October 5th. Argus reduced their price target on shares of Linde from $563.00 to $538.00 and set a "buy" rating for the company in a research report on Monday, September 28th. Finally, The Goldman Sachs Group set a $580.00 price objective on shares of Linde and gave the stock a "buy" rating in a research note on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Linde has an average rating of "Buy" and an average price target of $547.10.

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.

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