Linde PLC $LIN Shares Newly Acquired by Neville Rodie & Shaw Inc.

Key Points

• Neville Rodie & Shaw acquired 12,167 shares of Linde worth approximately $5.8 million, while institutional investors collectively own 82.8% of the company.
• Analysts maintain a favorable outlook, with a consensus “Buy” rating and an average price target of $546.80; recent targets range from $525 to $560.
• Linde recently reported quarterly revenue of $9.29 billion, up 9.3% year over year, and EPS of $4.50, narrowly exceeding estimates. The company also pays a quarterly dividend of $1.60, yielding about 1.3% annually.

Neville Rodie & Shaw Inc. bought a new position in shares of Linde PLC (NASDAQ:LIN - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,167 shares of the basic materials company's stock, valued at approximately $5,775,000.

Other hedge funds also recently added to or reduced their stakes in the company. Principia Wealth Advisory LLC boosted its position in Linde by 74.2% during the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company's stock worth $28,000 after purchasing an additional 23 shares in the last quarter. Legacy Wealth Managment LLC ID boosted its position in shares of Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company's stock worth $28,000 after buying an additional 28 shares in the last quarter. Manning & Napier Advisors LLC grew its stake 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. Polaris Financial Partners purchased a new position in Linde during the 3rd quarter valued at about $31,000. Finally, HHM Wealth Advisors LLC increased its holdings in Linde by 257.1% during the 1st quarter. HHM Wealth Advisors LLC now owns 75 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 54 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LIN has been the topic of several research reports. DZ Bank reiterated a "neutral" rating on shares of Linde in a research report on Thursday, August 6th. BMO Capital Markets dropped their price target on Linde from $560.00 to $546.00 and set an "outperform" rating for the company in a research report on Monday, August 10th. Weiss Ratings raised Linde from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 21st. Evercore increased their price objective on Linde from $515.00 to $525.00 and gave the company an "outperform" rating in a research note on Wednesday, August 12th. Finally, Jefferies Financial Group lifted their price objective on Linde from $535.00 to $560.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Two 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $546.80.

Linde Trading Up 1.2%

Linde stock traded up $5.52 during trading on Monday, hitting $485.00. The company's stock had a trading volume of 1,100,436 shares, compared to its average volume of 2,330,235. The stock has a market capitalization of $223.57 billion, a price-to-earnings ratio of 31.33, a P/E/G ratio of 2.80 and a beta of 0.71. The stock's fifty day moving average is $479.86 and its 200 day moving average is $498.22. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping 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 period last year, the company earned $4.09 EPS. The firm's quarterly 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. As a group, equities research analysts predict that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, September 3rd. Linde's payout ratio is presently 41.34%.

Linde Profile

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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