Linde PLC $LIN Shares Newly Acquired by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group acquired 54,477 Linde shares in the third quarter, valued at approximately $25.9 million. Institutional investors and hedge funds collectively own 82.8% of Linde’s stock.
• Linde reported quarterly EPS of $4.50, narrowly exceeding estimates, while revenue rose 9.3% year over year to $9.29 billion. The company guided for fiscal 2026 EPS of $17.70–$17.90.
• Linde pays a quarterly dividend of $1.60, or $6.40 annually, yielding about 1.3%. Analysts maintain a consensus “Buy” rating with an average price target of $547.10.

Citizens Financial Group Inc. RI purchased a new position in shares of Linde PLC (NASDAQ:LIN - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 54,477 shares of the basic materials company's stock, valued at approximately $25,858,000.

A number of other institutional investors have also modified their holdings of LIN. Legacy Wealth Managment LLC ID boosted its position in Linde by 96.6% during the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company's stock worth $28,000 after acquiring an additional 28 shares during the last quarter. Principia Wealth Advisory LLC grew 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 acquiring an additional 23 shares during the period. Marquette Asset Management LLC acquired a new position in Linde in the 3rd quarter valued at $29,000. Manning & Napier Advisors LLC raised 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 acquiring an additional 58 shares during the last quarter. Finally, Polaris Financial Partners acquired a new position in Linde in the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Stock Performance

Shares of LIN stock opened at $508.83 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88. The firm has a market capitalization of $234.56 billion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 2.97 and a beta of 0.71. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The company has a 50 day moving average price of $480.55 and a 200 day moving average price of $498.37.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating analysts' consensus estimates of $4.49 by $0.01. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. Linde's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business 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. Sell-side analysts anticipate that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given 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 was Thursday, September 3rd. Linde's dividend payout ratio (DPR) is 41.34%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group raised their price objective on Linde from $535.00 to $560.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Berenberg Bank reiterated a "buy" rating on shares of Linde in a research note on Tuesday, August 4th. Barclays began coverage on Linde in a research report on Monday, October 12th. They set an "overweight" rating and a $577.00 target price on the stock. 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. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Linde in a report on Monday, October 5th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $547.10.

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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