Linde PLC $LIN Position Lowered by Jackson Square Capital LLC

Jackson Square Capital LLC lessened its position in shares of Linde PLC (NASDAQ:LIN) by 87.0% in the third quarter, HoldingsChannel.com reports. The fund owned 2,219 shares of the basic materials company’s stock after selling 14,862 shares during the period. Jackson Square Capital LLC’s holdings in Linde were worth $1,053,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Legacy Wealth Managment LLC ID boosted its holdings in shares of 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 increased its stake in shares of Linde by 74.2% in the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 23 shares during the last quarter. Marquette Asset Management LLC bought a new position in shares of Linde in the 3rd quarter valued at $29,000. Manning & Napier Advisors LLC raised its holdings in shares of 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 buying an additional 58 shares in the last quarter. Finally, Polaris Financial Partners acquired a new position in shares of Linde during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ LIN traded up $3.70 during midday trading on Monday, reaching $502.13. 595,040 shares of the company were exchanged, compared to its average volume of 2,318,837. The stock’s 50-day moving average price is $478.52 and its 200-day moving average price is $498.14. The stock has a market cap of $231.47 billion, a P/E ratio of 32.42, a PEG ratio of 2.91 and a beta of 0.71. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51.

Linde (NASDAQ:LIN) last announced its quarterly 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 company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same period in the prior year, the business earned $4.09 earnings per share. The company’s revenue for the quarter 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. On average, sell-side analysts anticipate that Linde PLC will post 17.86 earnings per share 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 dividend of $1.60 per share. The ex-dividend date was Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Linde’s payout ratio is currently 41.34%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Berenberg Bank restated a “buy” rating on shares of Linde in a research report on Tuesday, August 4th. Argus decreased their target price on Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a research report on Monday, September 28th. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. KeyCorp began coverage on Linde in a research note on Thursday, September 10th. They set an “overweight” rating and a $542.00 target price for the company. Finally, DZ Bank reissued a “neutral” rating on shares of Linde in a research note on Thursday, August 6th. Three investment 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 data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $547.10.

About Linde

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.