Linde PLC $LIN Shares Purchased by Milestones Administradora de Recursos Ltda.

Key Points

• Milestones Administradora de Recursos increased its Linde stake by 30.7% in the third quarter, bringing its holdings to 112,752 shares valued at approximately $53.5 million. Institutional investors collectively own 82.8% of Linde’s stock.
• Wall Street remains broadly positive on Linde, with an overall “Buy” consensus rating and an average price target of $547.10; three analysts rate it a Strong Buy and 19 rate it a Buy.
• Linde reported quarterly EPS of $4.50 and revenue of $9.29 billion, exceeding analyst expectations, while its shares opened at $500.57. The company also pays a quarterly dividend of $1.60, equivalent to a 1.3% annual yield.

Milestones Administradora de Recursos Ltda. boosted its stake in Linde PLC (NASDAQ:LIN - Free Report) by 30.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,752 shares of the basic materials company's stock after acquiring an additional 26,470 shares during the period. Linde accounts for about 9.6% of Milestones Administradora de Recursos Ltda.'s holdings, making the stock its 6th biggest position. Milestones Administradora de Recursos Ltda.'s holdings in Linde were worth $53,518,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Legacy Wealth Managment LLC ID raised its position in Linde by 96.6% during 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 during the last quarter. Principia Wealth Advisory LLC boosted its holdings in shares of Linde by 74.2% in the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 23 shares in the last quarter. Marquette Asset Management LLC purchased a new stake in shares of Linde in the third quarter valued at about $29,000. Manning & Napier Advisors LLC boosted its holdings in shares of Linde by 1,450.0% in the first 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 in the last quarter. Finally, Polaris Financial Partners acquired a new position in shares of Linde during the third quarter worth about $31,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LIN shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Linde in a report on Monday. Bank of America boosted their target price on Linde from $532.00 to $550.00 and gave the stock a "neutral" rating in a research report on Friday, July 17th. UBS Group cut their target price on Linde from $612.00 to $574.00 and set a "buy" rating for the company in a research note on Monday, October 5th. The Goldman Sachs Group set a $580.00 price target on Linde and gave the company a "buy" rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada decreased their price target on Linde from $553.00 to $549.00 and set an "outperform" rating on the stock in a research note on Thursday, October 15th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $547.10.

Linde Trading Down 0.3%

Shares of Linde stock opened at $500.57 on Thursday. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. The stock has a market cap of $230.75 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 2.93 and a beta of 0.71. The company has a 50-day moving average of $479.39 and a two-hundred day moving average of $498.24.

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

Linde Dividend Announcement

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

About Linde

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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