Linde PLC $LIN Shares Newly Purchased by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. purchased 7,334 Linde shares worth approximately $3.48 million during the third quarter. Institutional investors collectively own 82.8% of Linde’s stock.
• Linde reported quarterly earnings of $4.50 per share and revenue of $9.29 billion, exceeding analyst estimates; revenue increased 9.3% year over year.
• The company pays a quarterly dividend of $1.60, equivalent to $6.40 annually and a 1.3% yield. Analysts maintain a consensus “Buy” rating with an average price target of $547.29.

First Citizens Bank & Trust Co. bought a new stake in Linde PLC (NASDAQ:LIN - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,334 shares of the basic materials company's stock, valued at approximately $3,481,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its position in shares of Linde by 3.7% in the second quarter. State Street Corp now owns 20,344,181 shares of the basic materials company's stock worth $10,558,016,000 after acquiring an additional 719,052 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Linde by 26.0% during the 4th quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company's stock worth $2,303,494,000 after buying an additional 1,114,751 shares during the last quarter. Amundi raised its position in shares of Linde by 13.4% in the 1st quarter. Amundi now owns 3,162,409 shares of the basic materials company's stock worth $1,567,796,000 after buying an additional 373,012 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Linde by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company's stock valued at $1,358,712,000 after acquiring an additional 64,078 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Linde by 18.0% during the 4th quarter. Royal Bank of Canada now owns 2,250,532 shares of the basic materials company's stock worth $959,605,000 after purchasing an additional 343,161 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Price Performance

Shares of LIN opened at $492.70 on Thursday. The company has a market capitalization of $227.12 billion, a price-to-earnings ratio of 31.83, a P/E/G ratio of 2.87 and a beta of 0.71. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. The business's 50-day moving average is $478.29 and its 200-day moving average is $498.13.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share 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 business had revenue of $9.29 billion during the quarter, compared to analysts' expectations of $9.02 billion. During the same period in the previous year, the company earned $4.09 earnings per share. Linde'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. Equities research analysts expect that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LIN shares. The Goldman Sachs Group set a $580.00 price objective on shares of Linde and gave the stock a "buy" rating in a report on Monday, August 10th. Weiss Ratings raised shares of Linde from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, July 21st. Bank of America raised their target price on shares of Linde from $532.00 to $550.00 and gave the stock a "neutral" rating in a report on Friday, July 17th. Argus cut their target price on shares of Linde from $563.00 to $538.00 and set a "buy" rating on the stock in a report on Monday, September 28th. Finally, Barclays assumed coverage on Linde in a research note on Monday. They issued an "overweight" rating and a $577.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $547.29.

Linde Company 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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