New England Research & Management Inc. Makes New $807,000 Investment in Linde PLC $LIN

New England Research & Management Inc. purchased a new position in Linde PLC (NASDAQ:LIN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,700 shares of the basic materials company’s stock, valued at approximately $807,000.

Several other large investors also recently bought and sold shares of LIN. State Street Corp grew its stake in shares of Linde by 3.7% in the 2nd quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock worth $10,558,016,000 after buying an additional 719,052 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Linde by 26.0% in the 4th quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company’s stock worth $2,303,494,000 after buying an additional 1,114,751 shares during the last quarter. Amundi raised its position in shares of Linde by 13.4% during the 1st quarter. Amundi now owns 3,162,409 shares of the basic materials company’s stock valued at $1,567,796,000 after buying an additional 373,012 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Linde by 2.4% during the 1st 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 buying an additional 64,078 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Linde by 28.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,624,728 shares of the basic materials company’s stock valued at $805,475,000 after acquiring an additional 361,664 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Key Linde News

Here are the key news stories impacting Linde this week:

• Positive Sentiment: Barclays turned bullish on Linde. The firm initiated coverage with an “overweight” rating, adding to recent positive sentiment around Linde’s earnings durability, pricing power and exposure to long-term industrial and technology demand. Barclays initiates coverage of Linde at overweight
• Positive Sentiment: Linde is expanding its carbon-capture business in Sweden. The company plans to build a facility capable of capturing 200,000 tonnes of CO2 annually at a waste-to-energy site, reinforcing its position in industrial decarbonization and potentially expanding its project pipeline. Linde to build 200,000-tonne CO2 capture plant at Swedish waste-to-energy facility
• Positive Sentiment: Linde’s Taiwan affiliate is pursuing hydrogen infrastructure growth. Linde LienHwa is developing hydrogen-as-a-service and refueling solutions, which could create longer-term revenue opportunities as Taiwan increases hydrogen adoption. Linde LienHwa tackles hydrogen transport dilemma with HaaS Interview: Linde LienHwa fuels Taiwan’s hydrogen push
• Neutral Sentiment: RBC remains constructive but lowered its target. Royal Bank of Canada cut its price target from $553 to $549 while retaining an “outperform” rating, suggesting continued confidence but slightly less near-term upside.
• Negative Sentiment: Valuation is becoming a concern. Commentary that Linde appears fully valued on current earnings could weigh on the stock, particularly given its elevated earnings multiple and the need for continued earnings growth to justify further appreciation. Linde Stock Looks Fully Valued On Current Earnings

Analysts Set New Price Targets

Several research firms recently commented on LIN. The Goldman Sachs Group set a $580.00 price target on Linde and gave the stock a “buy” rating in a research report on Monday, August 10th. Citigroup decreased their price objective on Linde from $580.00 to $560.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Jefferies Financial Group upped their price objective on Linde from $535.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Royal Bank Of Canada lowered their price objective on Linde from $553.00 to $549.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Barclays initiated coverage on Linde in a report on Monday. They issued an “overweight” rating and a $577.00 target price for the company. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Linde has a consensus rating of “Buy” and an average price target of $547.10.

Linde Trading Up 1.1%

Shares of LIN traded up $5.21 during midday trading on Friday, hitting $498.43. The stock had a trading volume of 2,036,737 shares, compared to its average volume of 2,231,874. Linde PLC has a 1 year low of $387.78 and a 1 year high of $548.20. The firm has a market cap of $229.77 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71. 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 stock’s 50 day moving average is $478.52 and its 200 day moving average is $498.15.

Linde (NASDAQ:LIN) 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. Linde had a net margin of 20.43% and a return on equity of 20.09%. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same quarter last year, the business earned $4.09 EPS. The business’s revenue was up 9.3% on a year-over-year basis. 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 forecast that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a $1.60 dividend. 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 is 41.34%.

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.