Linde PLC $LIN Stock Acquired by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management increased its Linde stake by 60.8% in the third quarter, owning 75,130 shares worth approximately $36.2 million. Institutional investors and hedge funds collectively own 82.8% of Linde.
• Linde reported quarterly revenue of $9.29 billion and earnings of $4.50 per share, slightly exceeding analyst expectations, while revenue rose 9.3% year over year. The company maintained FY 2026 EPS guidance of $17.70–$17.90.
• Linde pays a quarterly dividend of $1.60 per share, or $6.40 annually, representing a 1.3% yield. Analysts maintain a consensus “Buy” rating with an average price target of $547.29, compared with the reported share price of $487.35.

NorthCrest Asset Manangement LLC boosted its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 60.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 75,130 shares of the basic materials company's stock after purchasing an additional 28,409 shares during the quarter. Linde comprises 0.8% of NorthCrest Asset Manangement LLC's holdings, making the stock its 20th largest holding. NorthCrest Asset Manangement LLC's holdings in Linde were worth $36,190,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LIN. Atwood & Palmer Inc. lifted its position in shares of Linde by 12.9% during the 2nd quarter. Atwood & Palmer Inc. now owns 175 shares of the basic materials company's stock valued at $91,000 after acquiring an additional 20 shares during the period. Meadowbrook Advisors Group LLC increased its stake in Linde by 4.3% in the first quarter. Meadowbrook Advisors Group LLC now owns 511 shares of the basic materials company's stock valued at $253,000 after purchasing an additional 21 shares in the last quarter. Valmark Advisers Inc. increased its stake in Linde by 0.5% in the first quarter. Valmark Advisers Inc. now owns 4,159 shares of the basic materials company's stock valued at $2,062,000 after purchasing an additional 22 shares in the last quarter. Ellenbecker Investment Group raised its holdings in shares of Linde by 3.7% during the first quarter. Ellenbecker Investment Group now owns 652 shares of the basic materials company's stock valued at $323,000 after purchasing an additional 23 shares during the period. Finally, Principia Wealth Advisory LLC boosted its position in shares of Linde by 74.2% during the 2nd 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. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Up 0.7%

Linde stock opened at $487.35 on Tuesday. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The firm has a market capitalization of $224.66 billion, a price-to-earnings ratio of 31.48, a price-to-earnings-growth ratio of 2.82 and a beta of 0.71. The firm's fifty day moving average price is $478.10 and its two-hundred day moving average price is $498.15. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51.

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 (EPS) for the quarter, beating 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 firm had revenue of $9.29 billion during the quarter, compared to analysts' expectations of $9.02 billion. During the same period last year, the company earned $4.09 earnings per share. 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. On average, equities research analysts predict that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently commented on LIN shares. The Goldman Sachs Group set a $580.00 target price on Linde and gave the company a "buy" rating in a research note on Monday, August 10th. Argus dropped their price target on Linde from $563.00 to $538.00 and set a "buy" rating on the stock in a research note on Monday, September 28th. BMO Capital Markets reiterated an "outperform" rating on shares of Linde in a report on Thursday. DZ Bank reissued a "neutral" rating on shares of Linde in a research note on Thursday, August 6th. Finally, Berenberg Bank restated a "buy" rating on shares of Linde in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $547.29.

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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