Linde PLC $LIN Holdings Lowered by Convergence Financial LLC

Key Points

• Convergence Financial LLC cut its Linde position by 52.9% in the third quarter, selling 2,395 shares and retaining 2,135 shares valued at approximately $1.013 million. Institutional investors collectively own 82.8% of Linde’s stock.
• Analysts remain broadly bullish, with Linde receiving an average “Buy” rating and a consensus price target of $547.10, despite modest target-price reductions from Royal Bank of Canada and Deutsche Bank.
• Linde reported quarterly revenue of $9.29 billion and EPS of $4.50, exceeding consensus estimates, while revenue increased 9.3% year over year. The company also declared a quarterly dividend of $1.60 per share, representing a 1.3% annualized yield.

Convergence Financial LLC decreased its position in Linde PLC (NASDAQ:LIN - Free Report) by 52.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,135 shares of the basic materials company's stock after selling 2,395 shares during the period. Convergence Financial LLC's holdings in Linde were worth $1,013,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LIN. Principia Wealth Advisory LLC lifted its position in Linde by 74.2% in the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 23 shares during the period. Legacy Wealth Managment LLC ID boosted its holdings in 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 in the last quarter. Manning & Napier Advisors LLC boosted its holdings in Linde by 1,450.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 58 shares in the last quarter. Marquette Asset Management LLC purchased a new stake in Linde in the 3rd quarter valued at approximately $29,000. Finally, Polaris Financial Partners acquired a new position in Linde during the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LIN shares. Royal Bank Of Canada cut their target price on Linde from $553.00 to $549.00 and set an "outperform" rating for the company in a research note on Thursday, October 15th. BMO Capital Markets reissued an "outperform" rating on shares of Linde in a report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft decreased their price target on Linde from $580.00 to $575.00 and set a "buy" rating on the stock in a research note on Monday, August 3rd. Weiss Ratings restated a "buy (b)" rating on shares of Linde in a research note on Monday, October 19th. Finally, The Goldman Sachs Group set a $580.00 price objective on Linde and gave the stock a "buy" rating in a report on Monday, August 10th. Three 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's stock. According to MarketBeat, Linde presently has an average rating of "Buy" and a consensus price target of $547.10.

Linde Stock Performance

Shares of LIN opened at $508.16 on Thursday. 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 50-day simple moving average of $482.43 and a 200-day simple moving average of $491.70. The company has a market capitalization of $234.25 billion, a PE ratio of 32.83, a P/E/G ratio of 2.97 and a beta of 0.71.

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

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be 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 is Thursday, December 3rd. Linde's dividend payout ratio (DPR) is presently 41.34%.

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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