MassMutual Private Wealth & Trust FSB Acquires New Holdings in Linde PLC $LIN

Key Points

• MassMutual Private Wealth & Trust FSB acquired 2,442 Linde shares worth approximately $1.16 million during the third quarter. Institutional investors collectively own 82.8% of Linde.
• Analysts remain broadly bullish, with two Strong Buy ratings and 19 Buy ratings; Linde has an average rating of “Buy” and an average price target of $546.80.
• Linde reported quarterly EPS of $4.50 and revenue of $9.29 billion, exceeding analysts’ expectations, while revenue increased 9.3% year over year. The company also pays a quarterly dividend of $1.60 per share, representing a 1.3% annual yield.

MassMutual Private Wealth & Trust FSB acquired a new position in Linde PLC (NASDAQ:LIN - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,442 shares of the basic materials company's stock, valued at approximately $1,159,000.

Several other large investors also recently added to or reduced their stakes in LIN. Arrowstreet Capital Limited Partnership raised its holdings in Linde by 177.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,263,064 shares of the basic materials company's stock worth $538,558,000 after purchasing an additional 807,370 shares during the period. Hikari Power Ltd bought a new stake in Linde during the second quarter valued at about $20,965,000. Sit Investment Associates Inc. grew its holdings in Linde by 18.2% during the fourth quarter. Sit Investment Associates Inc. now owns 45,548 shares of the basic materials company's stock valued at $19,421,000 after purchasing an additional 7,025 shares during the period. First Financial Bank Trust Division purchased a new stake in Linde in the third quarter worth about $4,034,000. Finally, Trillium Asset Management LLC increased its position in Linde by 4.3% in the fourth quarter. Trillium Asset Management LLC now owns 59,976 shares of the basic materials company's stock worth $26,121,000 after buying an additional 2,490 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LIN shares. UBS Group decreased their price objective on Linde from $612.00 to $574.00 and set a "buy" rating on the stock in a research note on Monday. Argus reduced their target price on shares of Linde from $563.00 to $538.00 and set a "buy" rating for the company in a report on Monday, September 28th. Sanford C. Bernstein reissued an "outperform" rating on shares of Linde in a report on Monday. Citigroup lowered their price target on shares of Linde from $600.00 to $580.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. Finally, Jefferies Financial Group upped their price target on shares of Linde from $535.00 to $560.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Two equities research 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. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $546.80.

Linde Price Performance

Shares of Linde stock opened at $489.95 on Wednesday. The company has a market capitalization of $225.86 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 2.81 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. The stock's 50-day simple moving average is $478.94 and its 200-day simple moving average is $498.15. Linde PLC has a 52 week low of $387.78 and a 52 week high of $548.20.

Linde (NASDAQ:LIN - Get Free Report) last released its 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. The firm had revenue of $9.29 billion during the quarter, compared to analysts' expectations of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%.The firm's revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $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. As a group, analysts expect that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

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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