Payden & Rygel Acquires New Stake in Linde PLC $LIN

Payden & Rygel bought a new stake in Linde PLC (NASDAQ:LIN - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,020 shares of the basic materials company's stock, valued at approximately $8,079,000.

A number of other institutional investors also recently modified their holdings of the company. Principia Wealth Advisory LLC raised its position in Linde by 74.2% in the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 23 shares during the last quarter. Legacy Wealth Managment LLC ID lifted 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 in the last quarter. Manning & Napier Advisors LLC grew its holdings in Linde by 1,450.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company's stock worth $31,000 after acquiring an additional 58 shares during the last quarter. Marquette Asset Management LLC bought a new stake in Linde during the 3rd quarter worth about $29,000. Finally, Polaris Financial Partners bought a new stake in Linde during the 3rd quarter worth about $31,000. Institutional investors own 82.80% of the company's stock.

Linde Price Performance

Shares of LIN stock opened at $514.24 on Friday. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The stock has a market cap of $237.05 billion, a PE ratio of 34.17, a PEG ratio of 2.93 and a beta of 0.71. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.75 and a current ratio of 0.86. The firm's 50 day moving average price is $483.53 and its two-hundred day moving average price is $492.35.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Thursday, October 29th. The basic materials company reported $4.59 EPS for the quarter, topping analysts' consensus estimates of $4.52 by $0.07. The firm had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.16 billion. Linde had a net margin of 19.34% and a return on equity of 20.32%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.21 EPS. As a group, analysts forecast that Linde PLC will post 17.88 EPS for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be issued a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, December 3rd. Linde's dividend payout ratio is 41.34%.

Key Stories Impacting Linde

Here are the key news stories impacting Linde this week:

• Positive Sentiment: Q3 results exceeded expectations: Adjusted EPS was $4.59, above the $4.52 consensus and up 9% year over year, while sales rose 9.3% to $9.40 billion, topping the $9.16 billion estimate. Linde Reports Third-Quarter 2026 Results
• Positive Sentiment: Growth drivers remain intact: Higher pricing, volume growth in the Americas, strong electronics demand and AI-related semiconductor investment supported the quarter. Management also cited a $7.9 billion project backlog, providing visibility into future growth. LIN Q3 Earnings Call Highlights Restructuring and Growth Outlook
• Positive Sentiment: Analysts raised their valuation targets: Barclays lifted its target from $577 to $591 and maintained an “overweight” rating, while RBC raised its target from $549 to $568 and upgraded or maintained an “outperform” view. The revisions signal continued confidence in Linde’s earnings durability and growth prospects.
• Neutral Sentiment: Underlying performance was stronger than reported GAAP results: GAAP net income declined 12% because of purchase-accounting effects and restructuring-related items, but adjusted net income increased 7% to $2.12 billion. Linde plc Q3 2026 Earnings Call Summary
• Negative Sentiment: Restructuring and near-term uncertainty temper the outlook: Linde expects a $425 million restructuring charge and guided fourth-quarter EPS to $4.40–$4.50. Uneven industrial demand, margin pressure and an evaluation of options for Lincare could limit near-term upside.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LIN. Argus dropped their target price on shares of Linde from $563.00 to $538.00 and set a "buy" rating for the company in a research note on Monday, September 28th. Berenberg Bank reissued a "buy" rating on shares of Linde in a research note on Tuesday, August 4th. Royal Bank Of Canada raised their price target on shares of Linde from $549.00 to $568.00 and gave the company an "outperform" rating in a report on Friday. Citigroup raised their price target on shares of Linde from $560.00 to $580.00 and gave the company a "buy" rating in a report on Friday. Finally, Bank of America lifted their target price on Linde from $532.00 to $550.00 and gave the company a "neutral" rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $550.14.

Linde 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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