SPX Gestao de Recursos Ltda Purchases Shares of 2,454 Linde PLC $LIN

SPX Gestao de Recursos Ltda purchased a new stake in Linde PLC (NASDAQ:LIN - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,454 shares of the basic materials company's stock, valued at approximately $822,000.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Linde in the 4th quarter valued at approximately $3,246,750,000. Auto Owners Insurance Co lifted its holdings in shares of Linde by 42,539.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,321,809 shares of the basic materials company's stock worth $56,361,000 after buying an additional 1,318,709 shares during the last quarter. Capital International Investors lifted its holdings in shares of Linde by 20.1% during the fourth quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company's stock worth $3,245,255,000 after buying an additional 1,275,477 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Linde by 40.2% in the fourth quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company's stock valued at $1,680,710,000 after acquiring an additional 1,130,001 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Linde by 26.0% in the fourth quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company's stock valued at $2,303,494,000 after acquiring an additional 1,114,751 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LIN. Sanford C. Bernstein raised their price objective on shares of Linde from $559.00 to $564.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Royal Bank Of Canada cut their target price on shares of Linde from $576.00 to $553.00 and set an "outperform" rating for the company in a research note on Monday, August 3rd. UBS Group set a $612.00 price target on shares of Linde in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $575.00 price target on shares of Linde in a research report on Monday, May 4th. Finally, Citigroup dropped their price objective 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. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $545.38.

Linde Price Performance

Shares of LIN stock opened at $489.51 on Friday. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The company has a market capitalization of $225.65 billion, a P/E ratio of 31.62, a P/E/G ratio of 3.05 and a beta of 0.72. The stock has a 50 day moving average of $505.33 and a two-hundred day moving average of $501.23. 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 released 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. The business had revenue of $9.29 billion for 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%.Linde's quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous 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, equities analysts expect that Linde PLC will post 17.85 EPS for the current year.

Linde Announces Dividend

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

Linde Profile

Linde NASDAQ: LIN is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany's Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde's business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source