Linde PLC $LIN Shares Newly Acquired by Mechanics Bank Trust Department

Key Points

• Mechanics Bank Trust Department acquired 2,346 Linde shares during the third quarter, valued at approximately $1.1 million. Institutional investors collectively own 82.8% of Linde’s outstanding stock.
• Linde shares rose 1.0% to $492.11, while the company reported quarterly EPS of $4.50 and revenue of $9.29 billion, both slightly ahead of analyst expectations. Revenue increased 9.3% year over year.
• Linde paid a quarterly dividend of $1.60 per share, equivalent to an annualized $6.40 dividend and a 1.3% yield. Analysts maintain a consensus “Buy” rating with an average price target of $547.29.

Mechanics Bank Trust Department purchased a new position in Linde PLC (NASDAQ:LIN - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,346 shares of the basic materials company's stock, valued at approximately $1,114,000.

Several other institutional investors also recently added to or reduced their stakes in LIN. First Financial Bank Trust Division purchased a new position in Linde during the 3rd quarter worth $4,034,000. Hikari Power Ltd bought a new stake in Linde during the 2nd quarter valued at $20,965,000. Generali Investments Management Co LLC purchased a new stake in shares of Linde in the 2nd quarter worth $2,931,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Linde by 271.8% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 8,462 shares of the basic materials company's stock worth $4,195,000 after buying an additional 6,186 shares during the period. Finally, Temasek Holdings Private Ltd lifted its holdings in shares of Linde by 127.5% in the 4th quarter. Temasek Holdings Private Ltd now owns 537,458 shares of the basic materials company's stock worth $229,167,000 after buying an additional 301,252 shares during the period. Hedge funds and other institutional investors own 82.80% of the company's stock.

Linde Stock Up 1.0%

NASDAQ:LIN traded up $4.76 during trading hours on Tuesday, reaching $492.11. The company's stock had a trading volume of 1,394,113 shares, compared to its average volume of 2,327,269. The stock has a 50 day moving average price of $478.25 and a two-hundred day moving average price of $498.15. 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 company has a market capitalization of $226.85 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 2.82 and a beta of 0.71. 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 announced its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.01. The business had revenue of $9.29 billion for the quarter, compared to analysts' expectations of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm 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. Equities analysts predict that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were paid 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 dividend payout ratio is 41.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LIN shares. DZ Bank reissued a "neutral" rating on shares of Linde in a research report on Thursday, August 6th. Argus decreased their price objective on Linde from $563.00 to $538.00 and set a "buy" rating for the company in a report on Monday, September 28th. Berenberg Bank restated a "buy" rating on shares of Linde in a report on Tuesday, August 4th. KeyCorp assumed coverage on shares of Linde in a research note on Thursday, September 10th. They issued an "overweight" rating and a $542.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Linde from $580.00 to $575.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Linde currently has an average rating of "Buy" and a consensus target price of $547.29.

About Linde

Linde plc NASDAQ: LIN is a global industrial gases and engineering company that supplies gases, related equipment and process technologies to customers in healthcare, manufacturing, chemicals, energy, food and beverage, electronics, and other industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide and specialty gases.

The company provides gases through on-site production facilities, pipelines, bulk deliveries and packaged cylinders. It also designs and builds industrial gas plants and offers technologies and services for applications such as hydrogen production, carbon capture, clean energy, semiconductor manufacturing, metal fabrication and medical care.

Linde traces its history to 1879, when German engineer Carl von Linde developed refrigeration and gas-related technologies.

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