Linde PLC $LIN Holdings Increased by Redmond Asset Management LLC

Redmond Asset Management LLC increased its position in shares of Linde PLC (NASDAQ:LIN) by 445.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,602 shares of the basic materials company’s stock after purchasing an additional 2,942 shares during the quarter. Redmond Asset Management LLC’s holdings in Linde were worth $1,710,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in LIN. Legacy Wealth Managment LLC ID lifted its holdings in 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. Principia Wealth Advisory LLC boosted its stake in Linde by 74.2% during the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 23 shares during the last quarter. Marquette Asset Management LLC acquired a new stake in Linde during the 3rd quarter worth $29,000. Manning & Napier Advisors LLC boosted its stake 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 purchasing an additional 58 shares during the last quarter. Finally, Polaris Financial Partners purchased a new stake in shares of Linde during the third quarter worth $31,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Price Performance

NASDAQ:LIN opened at $508.16 on Thursday. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88. The stock has a market cap of $234.25 billion, a PE ratio of 32.83, a P/E/G ratio of 2.97 and a beta of 0.71. The stock has a 50 day moving average price of $482.43 and a 200 day moving average price of $491.70.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.01. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last 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. Equities research analysts expect that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be paid a $1.60 dividend. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s dividend payout ratio (DPR) is 41.34%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LIN shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Monday, October 19th. KeyCorp began coverage on shares of Linde in a research note on Thursday, September 10th. They issued an “overweight” rating and a $542.00 price target on the stock. Sanford C. Bernstein restated an “outperform” rating on shares of Linde in a research report on Monday, October 5th. UBS Group lowered their price target on shares of Linde from $612.00 to $574.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Finally, Royal Bank Of Canada dropped their price objective on shares of Linde from $553.00 to $549.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Linde has a consensus rating of “Buy” and an average target price of $547.10.

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.