76,479 Shares of Linde PLC $LIN Purchased by Ninety One UK Ltd

Ninety One UK Ltd bought a new position in shares of Linde PLC (NASDAQ:LIN) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 76,479 shares of the basic materials company’s stock, valued at approximately $36,301,000.

A number of other institutional investors and hedge funds also recently modified their holdings of LIN. State Street Corp boosted its stake in Linde by 3.7% during the 2nd quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock worth $10,558,016,000 after acquiring an additional 719,052 shares during the last quarter. Invesco Ltd. grew its holdings in Linde by 26.0% during the fourth quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company’s stock valued at $2,303,494,000 after purchasing an additional 1,114,751 shares during the period. Amundi grew its holdings in Linde by 13.4% during the first quarter. Amundi now owns 3,162,409 shares of the basic materials company’s stock valued at $1,567,796,000 after purchasing an additional 373,012 shares during the period. Dimensional Fund Advisors LP increased its stake in Linde by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company’s stock valued at $1,358,712,000 after purchasing an additional 64,078 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Linde by 28.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,624,728 shares of the basic materials company’s stock valued at $805,475,000 after purchasing an additional 361,664 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Bank of America increased their target price on shares of Linde from $532.00 to $550.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Argus reduced their price target on shares of Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a research report on Monday, September 28th. KeyCorp assumed coverage on shares of Linde in a report on Thursday, September 10th. They issued an “overweight” rating and a $542.00 price target for the company. Sanford C. Bernstein restated an “outperform” rating on shares of Linde in a research report on Monday, October 5th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Linde in a research report on Thursday, October 8th. 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, Linde presently has a consensus rating of “Buy” and an average target price of $547.10.

Linde Trading Up 0.1%

NASDAQ LIN opened at $493.22 on Friday. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. The firm has a market cap of $227.36 billion, a P/E ratio of 31.86, a P/E/G ratio of 2.87 and a beta of 0.71. The stock’s 50-day moving average is $478.35 and its 200-day moving average is $498.15.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating 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 business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the previous year, the business posted $4.09 EPS. Linde’s revenue for the quarter 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. Sell-side analysts anticipate that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Key Linde News

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

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.