Lederer & Associates Investment Counsel CA Makes New $2.02 Million Investment in Linde PLC $LIN

Key Points

• Lederer & Associates Investment Counsel CA purchased 4,262 shares of Linde worth approximately $2.02 million, making the stock 1.3% of its portfolio. Institutional investors collectively own 82.8% of Linde.
• Linde’s latest quarterly results exceeded expectations, with adjusted earnings of $4.50 per share and revenue of $9.29 billion, up 9.3% year over year. The company guided to fiscal 2026 earnings of $17.70–$17.90 per share.
• Analysts maintain a favorable outlook, with an average rating of “Buy” and an average price target of $547.10. Linde also pays a quarterly dividend of $1.60 per share, yielding approximately 1.3% annually.

Lederer & Associates Investment Counsel CA purchased a new position in shares of Linde PLC (NASDAQ:LIN - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,262 shares of the basic materials company's stock, valued at approximately $2,023,000. Linde makes up 1.3% of Lederer & Associates Investment Counsel CA's holdings, making the stock its 22nd largest holding.

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

Linde Price Performance

Shares of NASDAQ:LIN opened at $508.83 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. The stock has a market cap of $234.56 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 2.97 and a beta of 0.71. The business's 50 day moving average is $480.55 and its 200 day moving average is $498.36. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20.

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 net margin of 20.43% and a return on equity of 20.09%. 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 business earned $4.09 earnings per share. The firm'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. On average, sell-side analysts forecast that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Analysts Set New Price Targets

LIN has been the subject of a number of analyst reports. The Goldman Sachs Group set a $580.00 price objective on Linde and gave the stock a "buy" rating in a research report on Monday, August 10th. Evercore upped their target price on Linde from $515.00 to $525.00 and gave the company an "outperform" rating in a report on Wednesday, August 12th. Royal Bank Of Canada reduced their target price on Linde from $553.00 to $549.00 and set an "outperform" rating on the stock in a report on Thursday, October 15th. Argus decreased their target price 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, Jefferies Financial Group raised their price target on shares of Linde from $535.00 to $560.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price 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.

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.