Old North State Wealth Management LLC Makes New Investment in Linde PLC $LIN

Key Points

• Old North State Wealth Management purchased 2,896 shares of Linde worth approximately $1.38 million during the third quarter. Institutional investors collectively own 82.8% of the company.
• Analysts maintain a positive outlook, with Linde receiving a consensus “Buy” rating and an average price target of $547.10. Recent targets range from $542 to $574.
• Linde reported quarterly revenue of $9.29 billion and EPS of $4.50, narrowly beating estimates, while revenue rose 9.3% year over year. The company also pays a quarterly dividend of $1.60 per share, representing a 1.3% yield.

Old North State Wealth Management LLC purchased a new stake in Linde PLC (NASDAQ:LIN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,896 shares of the basic materials company's stock, valued at approximately $1,380,000.

A number of other institutional investors also recently modified their holdings of the business. Principia Wealth Advisory LLC lifted 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 worth $28,000 after acquiring an additional 23 shares during the last quarter. Legacy Wealth Managment LLC ID boosted 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 grew its holdings in shares of Linde by 1,450.0% during 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 during the last quarter. Marquette Asset Management LLC bought a new stake in shares of Linde during the 3rd quarter valued at approximately $29,000. Finally, Polaris Financial Partners bought a new stake in shares of Linde during the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on LIN shares. KeyCorp assumed coverage on shares of Linde in a research note on Thursday, September 10th. They issued an "overweight" rating and a $542.00 price objective for the company. Sanford C. Bernstein restated an "outperform" rating on shares of Linde in a research report on Monday, October 5th. Berenberg Bank reaffirmed a "buy" rating on shares of Linde in a research note on Tuesday, August 4th. Bank of America upped their price target on shares of Linde from $532.00 to $550.00 and gave the stock a "neutral" rating in a report on Friday, July 17th. Finally, UBS Group lowered their price target on shares of Linde from $612.00 to $574.00 and set a "buy" rating for the company in a report on Monday, October 5th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $547.10.

Linde Trading Up 2.0%

LIN opened at $510.36 on Friday. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. The firm has a market capitalization of $235.27 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 2.92 and a beta of 0.71. The company's 50 day moving average price is $480.03 and its two-hundred day moving average price is $498.29.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, beating 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 net margin of 20.43% and a return on equity of 20.09%. The company's revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $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. As a group, research analysts predict that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $6.40 annualized dividend and a yield of 1.3%. Linde's payout ratio is presently 41.34%.

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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