Nippon Life Global Investors Americas Inc. Acquires 69,090 Shares of Linde PLC $LIN

Nippon Life Global Investors Americas Inc. bought a new position in Linde PLC (NASDAQ:LIN) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 69,090 shares of the basic materials company’s stock, valued at approximately $32,794,000. Linde comprises 1.3% of Nippon Life Global Investors Americas Inc.’s portfolio, making the stock its 23rd largest holding.

Several other hedge funds have also recently modified their holdings of the company. State Street Corp boosted its position in Linde by 3.7% in the second quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock worth $10,558,016,000 after purchasing an additional 719,052 shares during the last quarter. Amundi lifted its stake 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 boosted its holdings in Linde by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company’s stock worth $1,358,712,000 after buying an additional 64,078 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in 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 worth $805,475,000 after buying an additional 361,664 shares during the period. Finally, Swiss National Bank grew its stake in Linde by 6.6% in the 1st quarter. Swiss National Bank now owns 1,370,361 shares of the basic materials company’s stock valued at $679,370,000 after buying an additional 85,360 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

LIN opened at $514.24 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.72 and a current ratio of 0.86. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The company’s 50-day simple moving average is $483.53 and its two-hundred day simple moving average is $492.35. The stock has a market capitalization of $237.05 billion, a P/E ratio of 34.17, a P/E/G ratio of 3.00 and a beta of 0.71.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 29th. The basic materials company reported $4.59 earnings per share for the quarter, beating 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%. Linde’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the firm posted $4.21 earnings per share. As a group, analysts predict that Linde PLC will post 17.88 EPS for the current year.

Linde Announces Dividend

The company 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 dividend of $1.60 per share. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. Linde’s payout ratio is 42.52%.

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

LIN has been the topic of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a report on Monday, October 19th. Bank of America raised their price target on Linde from $532.00 to $550.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Linde in a research report on Monday, October 5th. Citigroup boosted their price objective on Linde from $560.00 to $580.00 and gave the company a “buy” rating in a research note on Friday. Finally, Royal Bank Of Canada raised their target price on Linde from $549.00 to $568.00 and gave the stock an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and an average target price 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.