Noesis Capital Mangement Corp Buys 49,478 Shares of Linde PLC $LIN

Noesis Capital Mangement Corp purchased a new stake in shares of Linde PLC (NASDAQ:LIN) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 49,478 shares of the basic materials company’s stock, valued at approximately $23,485,000. Linde makes up 2.8% of Noesis Capital Mangement Corp’s investment portfolio, making the stock its 13th largest position.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on LIN shares. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research note on Monday, October 19th. Argus dropped their price objective on Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a report on Monday, September 28th. Evercore upped their target price on Linde from $515.00 to $525.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reduced their target price on Linde from $580.00 to $575.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Finally, UBS Group reduced their target price 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 investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $547.10.

Linde Trading Down 0.2%

NASDAQ:LIN opened at $507.56 on Tuesday. The company has a market cap of $233.98 billion, a PE ratio of 32.79, a P/E/G ratio of 2.97 and a beta of 0.71. The business’s 50 day moving average is $480.65 and its two-hundred day moving average is $490.64. 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 PLC has a 52 week low of $387.78 and a 52 week high of $548.20.

Linde (NASDAQ:LIN) last issued 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. The business had revenue of $9.29 billion during 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 business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.09 EPS. 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, analysts predict that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

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

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.