Linde PLC $LIN Shares Newly Bought by Norris Perne & French LLP MI

Norris Perne & French LLP MI bought a new stake in shares of Linde PLC (NASDAQ:LIN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 80,430 shares of the basic materials company’s stock, valued at approximately $38,176,000. Linde accounts for about 1.7% of Norris Perne & French LLP MI’s portfolio, making the stock its 15th largest holding.

Several other large investors also recently modified their holdings of LIN. Signaturefd LLC bought a new stake in Linde in the 3rd quarter valued at about $4,664,000. Citizens Financial Group Inc. RI purchased a new stake in Linde during the third quarter valued at about $25,858,000. Brookmont Capital Management purchased a new stake in Linde during the third quarter valued at about $2,824,000. NTV Asset Management LLC bought a new position in Linde during the third quarter worth about $630,000. Finally, Evergreen Capital Management LLC bought a new position in Linde during the third quarter worth about $3,400,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Shares of LIN opened at $508.83 on Friday. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The stock’s 50-day simple moving average is $480.55 and its 200 day simple moving average is $498.37. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88. The stock has a market capitalization of $234.56 billion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 2.97 and a beta of 0.71.

Linde (NASDAQ:LIN) last posted its 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 business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same quarter in the previous year, the firm earned $4.09 EPS. The company’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. Research analysts forecast that Linde PLC will post 17.86 EPS 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 paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $6.40 annualized dividend and a yield of 1.3%. Linde’s payout ratio is currently 41.34%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. DZ Bank reiterated a “neutral” rating on shares of Linde in a research note on Thursday, August 6th. KeyCorp assumed coverage on shares of Linde in a research note on Thursday, September 10th. They set an “overweight” rating and a $542.00 price target on the stock. Royal Bank Of Canada cut their price objective on shares of Linde from $553.00 to $549.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Linde from $580.00 to $575.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Finally, Berenberg Bank reiterated a “buy” rating on shares of Linde in a research note on Tuesday, August 4th. 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, the stock presently has a consensus rating of “Buy” and a consensus target price of $547.10.

Linde 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.