Great Lakes Advisors LLC Makes New $181.72 Million Investment in Linde PLC $LIN

Key Points

• Great Lakes Advisors acquired 350,167 Linde shares worth approximately $181.7 million, making Linde about 1.4% of its portfolio and its 12th-largest holding. Institutional investors and hedge funds collectively own 82.8% of Linde.
• Analysts remain broadly positive, with a consensus rating of “Buy” and an average price target of $545.38. Recent targets range from $525 to $564.
• Linde reported quarterly EPS of $4.50 and revenue of $9.29 billion, exceeding estimates, while revenue rose 9.3% year over year. The company also declared a quarterly dividend of $1.60, equivalent to a 1.3% annual yield.

Great Lakes Advisors LLC acquired a new stake in shares of Linde PLC (NASDAQ:LIN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 350,167 shares of the basic materials company's stock, valued at approximately $181,718,000. Linde makes up approximately 1.4% of Great Lakes Advisors LLC's investment portfolio, making the stock its 12th biggest holding. Great Lakes Advisors LLC owned about 0.08% of Linde as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new stake in shares of Linde in the 2nd quarter worth $25,000. Legacy Wealth Managment LLC ID raised its stake in Linde by 96.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company's stock valued at $28,000 after buying an additional 28 shares during the last quarter. Triumph Capital Management boosted its holdings in Linde by 69.2% in the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company's stock worth $28,000 after acquiring an additional 27 shares in the last quarter. Strengthening Families & Communities LLC boosted its holdings in Linde by 134.5% in the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company's stock worth $29,000 after acquiring an additional 39 shares in the last quarter. Finally, High Note Wealth LLC grew its stake in shares of Linde by 108.6% during the fourth quarter. High Note Wealth LLC now owns 73 shares of the basic materials company's stock worth $31,000 after acquiring an additional 38 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Linde from $525.00 to $530.00 and gave the company an "overweight" rating in a research report on Monday, May 4th. Evercore restated an "outperform" rating and set a $525.00 price target on shares of Linde in a research note on Friday, July 10th. Weiss Ratings raised shares of Linde from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 21st. BMO Capital Markets lowered their price objective on shares of Linde from $560.00 to $546.00 and set an "outperform" rating for the company in a research note on Monday, August 10th. Finally, Sanford C. Bernstein boosted their price objective on shares of Linde from $559.00 to $564.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Linde has an average rating of "Buy" and a consensus price target of $545.38.

Linde Trading Up 0.9%

Linde stock opened at $478.70 on Wednesday. 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. The company has a market capitalization of $220.67 billion, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 3.04 and a beta of 0.72. The stock has a 50-day moving average price of $510.04 and a 200 day moving average price of $500.00.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Friday, July 31st. The basic materials company reported $4.50 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 firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same quarter in the prior year, the firm earned $4.09 earnings per share. Linde'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. Sell-side analysts anticipate that Linde PLC will post 17.85 EPS for the current year.

Linde Announces Dividend

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

About Linde

Linde NASDAQ: LIN is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany's Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde's business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.

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