Sustainable Growth Advisers LP Acquires 151,704 Shares of Linde PLC $LIN

Sustainable Growth Advisers LP acquired a new stake in Linde PLC (NASDAQ:LIN) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 151,704 shares of the basic materials company’s stock, valued at approximately $72,006,000. Linde makes up about 0.8% of Sustainable Growth Advisers LP’s holdings, making the stock its 27th biggest holding.

Several other large investors have also bought and sold shares of the business. Activest Wealth Management boosted its stake in shares of Linde by 29.9% in the 3rd quarter. Activest Wealth Management now owns 113 shares of the basic materials company’s stock valued at $54,000 after purchasing an additional 26 shares in the last quarter. Guyasuta Investment Advisors Inc. bought a new stake in shares of Linde during the 3rd quarter valued at approximately $43,110,000. Whitener Capital Management Inc. acquired a new position in Linde during the 3rd quarter worth approximately $1,876,000. AdvisorNet Financial Inc acquired a new position in Linde during the 3rd quarter worth approximately $2,952,000. Finally, Community Trust & Investment Co. acquired a new position in Linde during the 3rd quarter worth approximately $25,203,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Performance

Shares of LIN stock opened at $493.22 on Friday. The business’s 50-day moving average price is $478.35 and its 200-day moving average price is $498.15. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The firm has a market capitalization of $227.36 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 2.87 and a beta of 0.71. 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) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share 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 company had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same period in the previous year, the business posted $4.09 earnings per share. The business’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 research analysts forecast that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a dividend of $1.60 per share. The ex-dividend date was Thursday, September 3rd. This represents a $6.40 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is currently 41.34%.

Key Headlines Impacting Linde

Here are the key news stories impacting Linde this week:

• Positive Sentiment: Barclays upgraded Linde to “strong buy,” signaling increased confidence in the industrial-gases producer’s earnings outlook and business durability. Barclays upgrade report
• Positive Sentiment: Royal Bank of Canada retained an “outperform” rating and its revised $549 target still implies meaningful upside from the current share price, despite the modest target reduction. RBC analyst action
• Positive Sentiment: A recent article highlighted Linde’s exposure to industrial gases and long-term secular growth trends, reinforcing the company’s positioning in essential industrial markets. Linde adds exposure to industrial gases and secular growth trends
• Positive Sentiment: Linde was featured among dividend companies viewed as capable of raising prices without materially damaging demand, supporting its defensive appeal and potential for continued cash-flow growth. Five boring dividend stocks that could keep growing
• Neutral Sentiment: Analyst-rating coverage remains an important focus for investors, but the available report provides no specific new earnings or valuation forecast. What investment firms are saying about Linde
• Negative Sentiment: One valuation-focused analysis argued that Linde appears fully valued on current earnings. With a reported forward-looking valuation near 32 times earnings, this could limit upside and make the stock sensitive to weaker growth or disappointing guidance. Linde stock looks fully valued on current earnings

Analyst Ratings Changes

Several equities analysts recently commented on LIN shares. Bank of America increased their price objective on shares of Linde from $532.00 to $550.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Linde from $580.00 to $575.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Evercore upped their price target on shares of Linde from $515.00 to $525.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Linde in a report on Monday, October 5th. Finally, UBS Group dropped their price target on Linde from $612.00 to $574.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $547.10.

Linde Company Profile

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.