Linde PLC $LIN Stock Bought by Wedmont Private Capital

Wedmont Private Capital raised its holdings in Linde PLC (NASDAQ:LIN) by 42.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,722 shares of the basic materials company’s stock after purchasing an additional 1,997 shares during the period. Wedmont Private Capital’s holdings in Linde were worth $3,238,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Cypress Asset Management Inc. TX purchased a new position in Linde during the third quarter valued at $5,707,000. Legacy Wealth Asset Management LLC raised its position in shares of Linde by 3.7% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 8,071 shares of the basic materials company’s stock worth $3,831,000 after purchasing an additional 288 shares during the last quarter. Chapin Davis Inc. purchased a new position in Linde in the 3rd quarter valued at about $255,000. Eclectic Associates Inc. ADV acquired a new stake in Linde in the 3rd quarter worth about $213,000. Finally, LifeGoal Investments LLC purchased a new stake in Linde during the 3rd quarter worth approximately $361,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Performance

NASDAQ:LIN opened at $483.73 on Friday. The company’s 50-day moving average is $477.97 and its two-hundred day moving average is $497.96. Linde PLC has a 1-year low of $387.78 and a 1-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 capitalization of $222.99 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 2.81 and a beta of 0.71.

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 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 net margin of 20.43% and a return on equity of 20.09%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm 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. Analysts forecast that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given a $1.60 dividend. 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

LIN has been the topic of several research reports. BMO Capital Markets restated an “outperform” rating on shares of Linde in a research report on Thursday. Royal Bank Of Canada dropped their price objective on shares of Linde from $576.00 to $553.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Citigroup cut their price objective on shares of Linde from $580.00 to $560.00 and set a “buy” rating for the company in a report on Wednesday. Berenberg Bank restated a “buy” rating on shares of Linde in a research report on Tuesday, August 4th. Finally, DZ Bank reiterated a “neutral” rating on shares of Linde in a research report on Thursday, August 6th. Two equities 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $545.80.

About Linde

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.