Linde PLC $LIN Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in Linde PLC (NASDAQ:LIN - Free Report) by 67.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 330,986 shares of the basic materials company's stock after buying an additional 133,430 shares during the period. Assenagon Asset Management S.A. owned 0.07% of Linde worth $157,103,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LIN. Sanders Morris Harris LLC acquired a new position in Linde during the 3rd quarter worth approximately $847,000. First Financial Bank Trust Division purchased a new position in shares of Linde during the 3rd quarter worth approximately $4,034,000. Hikari Power Ltd purchased a new position in shares of Linde during the 2nd quarter worth approximately $20,965,000. 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 valued at $4,195,000 after buying an additional 6,186 shares during the period. Finally, Generali Investments Management Co LLC acquired a new stake in shares of Linde in the 2nd quarter valued at approximately $2,931,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Up 0.1%

Linde stock opened at $493.22 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 $227.36 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth 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 stock's fifty day moving average is $478.35 and its two-hundred day moving average is $498.15.

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

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued 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 is 41.34%.

More Linde News

Here are the key news stories impacting Linde this week:

• Positive Sentiment: Barclays upgraded Linde to “strong buy,” signaling increased confidence in the industrial-gases producer’s earnings outlook and business durability. Barclays upgrade report
• Positive Sentiment: Royal Bank of Canada retained an “outperform” rating and its revised $549 target still implies meaningful upside from the current share price, despite the modest target reduction. RBC analyst action
• Positive Sentiment: A recent article highlighted Linde’s exposure to industrial gases and long-term secular growth trends, reinforcing the company’s positioning in essential industrial markets. Linde adds exposure to industrial gases and secular growth trends
• Positive Sentiment: Linde was featured among dividend companies viewed as capable of raising prices without materially damaging demand, supporting its defensive appeal and potential for continued cash-flow growth. Five boring dividend stocks that could keep growing
• Neutral Sentiment: Analyst-rating coverage remains an important focus for investors, but the available report provides no specific new earnings or valuation forecast. What investment firms are saying about Linde
• Negative Sentiment: One valuation-focused analysis argued that Linde appears fully valued on current earnings. With a reported forward-looking valuation near 32 times earnings, this could limit upside and make the stock sensitive to weaker growth or disappointing guidance. Linde stock looks fully valued on current earnings

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LIN shares. DZ Bank reaffirmed a "neutral" rating on shares of Linde in a report on Thursday, August 6th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Linde in a research report on Monday, October 5th. Bank of America raised their target price on Linde from $532.00 to $550.00 and gave the company a "neutral" rating in a report on Friday, July 17th. Citigroup reduced their target price on Linde from $580.00 to $560.00 and set a "buy" rating for the company in a report on Wednesday, October 7th. Finally, Evercore boosted their target price on shares of Linde from $515.00 to $525.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. Three 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, Linde currently has a consensus rating of "Buy" and a consensus target price of $547.10.

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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