Linde PLC $LIN Stock: Redmond Asset Management LLC Raises Holdings

Key Points

• Redmond Asset Management increased its Linde position by 445.8% in the third quarter, ending with 3,602 shares valued at approximately $1.71 million. Institutional investors collectively own 82.8% of Linde’s stock.
• Linde reported quarterly earnings of $4.50 per share on $9.29 billion in revenue, exceeding analyst expectations, while revenue rose 9.3% year over year. The company reaffirmed fiscal 2026 EPS guidance of $17.70–$17.90.
• Linde declared a quarterly dividend of $1.60 per share, equivalent to $6.40 annually and a 1.3% yield. Analysts maintain a consensus “Buy” rating with an average price target of $547.10.

Redmond Asset Management LLC grew its position in Linde PLC (NASDAQ:LIN - Free Report) by 445.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,602 shares of the basic materials company's stock after acquiring an additional 2,942 shares during the period. Redmond Asset Management LLC's holdings in Linde were worth $1,710,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LIN. Principia Wealth Advisory LLC grew 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 valued at $28,000 after acquiring an additional 23 shares during the period. Legacy Wealth Managment LLC ID increased its stake 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 valued at $28,000 after purchasing an additional 28 shares in the last quarter. Manning & Napier Advisors LLC increased its stake in shares of 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 purchasing an additional 58 shares in the last quarter. Marquette Asset Management LLC purchased a new position in shares of Linde in the 3rd quarter valued at about $29,000. Finally, Polaris Financial Partners acquired a new position in Linde in the 3rd quarter worth about $31,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Stock Performance

LIN opened at $508.16 on Thursday. The firm's fifty day simple moving average is $482.43 and its two-hundred day simple moving average is $491.70. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The company has a market cap of $234.25 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 2.97 and a beta of 0.71. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, topping analysts' consensus estimates of $4.49 by $0.01. The business had revenue of $9.29 billion during the quarter, compared to analysts' expectations of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. The company's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.09 earnings per share. 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 analysts anticipate 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 will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be paid a $1.60 dividend. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Linde's dividend payout ratio (DPR) is currently 41.34%.

Analyst Upgrades and Downgrades

LIN has been the topic of a number of recent analyst reports. Royal Bank Of Canada lowered their price target on Linde from $553.00 to $549.00 and set an "outperform" rating on the stock in a research report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft dropped their price objective on Linde from $580.00 to $575.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. Bank of America boosted their price objective on Linde from $532.00 to $550.00 and gave the company a "neutral" rating in a research report on Friday, July 17th. Argus reduced their target price on Linde from $563.00 to $538.00 and set a "buy" rating for the company in a research note on Monday, September 28th. Finally, Barclays initiated coverage on Linde in a research report on Monday, October 12th. They set an "overweight" rating and a $577.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $547.10.

Linde Company Profile

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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