5,149 Shares in Linde PLC $LIN Purchased by Triangle Securities Wealth Management

Triangle Securities Wealth Management purchased a new position in shares of Linde PLC (NASDAQ:LIN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,149 shares of the basic materials company’s stock, valued at approximately $2,444,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp increased its stake in Linde by 3.7% in the 2nd quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock valued at $10,558,016,000 after purchasing an additional 719,052 shares in the last quarter. Invesco Ltd. raised its holdings in Linde by 26.0% during the fourth quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company’s stock worth $2,303,494,000 after purchasing an additional 1,114,751 shares during the last quarter. Amundi raised its holdings in Linde by 13.4% during the first quarter. Amundi now owns 3,162,409 shares of the basic materials company’s stock worth $1,567,796,000 after purchasing an additional 373,012 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Linde by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company’s stock valued at $1,358,712,000 after purchasing an additional 64,078 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in Linde by 18.0% in the fourth quarter. Royal Bank of Canada now owns 2,250,532 shares of the basic materials company’s stock valued at $959,605,000 after purchasing an additional 343,161 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Up 0.1%

Shares of LIN opened at $492.70 on Thursday. 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 50 day simple moving average of $478.29 and a 200-day simple moving average of $498.13. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The stock has a market cap of $227.12 billion, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 2.87 and a beta of 0.71.

Linde (NASDAQ:LIN) last issued its quarterly earnings data 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. Linde had a return on equity of 20.09% and a net margin of 20.43%. The firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same period in the previous year, the firm posted $4.09 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. 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 forecast that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given 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 dividend payout ratio (DPR) is presently 41.34%.

Analyst Ratings Changes

LIN has been the subject of a number of research analyst reports. Sanford C. Bernstein restated an “outperform” rating on shares of Linde in a research report on Monday, October 5th. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Berenberg Bank reiterated a “buy” rating on shares of Linde in a research report on Tuesday, August 4th. KeyCorp initiated coverage on shares of Linde in a research report on Thursday, September 10th. They issued an “overweight” rating and a $542.00 price objective on the stock. Finally, Argus lowered their price objective on shares of Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a research note on Monday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $547.29.

About Linde

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.