9,826 Shares in Linde PLC $LIN Purchased by Signaturefd LLC

Signaturefd LLC bought a new position in shares of Linde PLC (NASDAQ:LIN) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 9,826 shares of the basic materials company’s stock, valued at approximately $4,664,000.

Several other institutional investors have also bought and sold shares of the stock. Legacy Wealth Managment LLC ID grew its position in Linde by 96.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 28 shares during the period. Principia Wealth Advisory LLC raised its stake in Linde by 74.2% during the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 23 shares in the last quarter. Marquette Asset Management LLC acquired a new position in Linde during the third quarter worth $29,000. Manning & Napier Advisors LLC lifted its holdings in shares of Linde by 1,450.0% during the first quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 58 shares during the period. Finally, Polaris Financial Partners bought a new position in shares of Linde during the third quarter valued at $31,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LIN shares. BMO Capital Markets restated an “outperform” rating on shares of Linde in a research note on Thursday, October 8th. Jefferies Financial Group upped their target price on shares of Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. KeyCorp began coverage on shares of Linde in a research report on Thursday, September 10th. They set an “overweight” rating and a $542.00 target price for the company. Evercore increased their target price on shares of Linde from $515.00 to $525.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a report on Monday, October 19th. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Linde presently has an average rating of “Buy” and a consensus price target of $547.10.

Linde Stock Down 0.3%

Shares of LIN opened at $508.83 on Friday. The company has a market capitalization of $234.56 billion, a P/E ratio of 32.87, a PEG ratio of 2.97 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. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The business’s 50 day simple moving average is $480.55 and its 200-day simple moving average is $498.37.

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, beating analysts’ consensus estimates of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.02 billion. During the same period last year, the firm posted $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, sell-side analysts predict that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

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

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.