HighTower Advisors LLC Has $145.54 Million Position in Linde PLC $LIN

HighTower Advisors LLC reduced its stake in shares of Linde PLC (NASDAQ:LIN) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 306,353 shares of the basic materials company’s stock after selling 8,360 shares during the period. HighTower Advisors LLC owned 0.07% of Linde worth $145,538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Linde by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 44,638,847 shares of the basic materials company’s stock worth $20,943,654,000 after purchasing an additional 292,492 shares in the last quarter. Norges Bank bought a new position in Linde during the second quarter valued at approximately $3,098,772,000. Invesco Ltd. lifted its stake in Linde by 4.8% in the second quarter. Invesco Ltd. now owns 4,044,833 shares of the basic materials company’s stock valued at $1,897,755,000 after acquiring an additional 185,294 shares during the last quarter. Franklin Resources Inc. grew its position in Linde by 0.7% in the second quarter. Franklin Resources Inc. now owns 3,718,376 shares of the basic materials company’s stock worth $1,744,588,000 after acquiring an additional 24,046 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Linde by 1.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,605,118 shares of the basic materials company’s stock worth $1,690,961,000 after purchasing an additional 40,216 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Price Performance

Shares of NASDAQ:LIN opened at $481.00 on Monday. The company has a market cap of $224.60 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 3.16 and a beta of 0.84. The business has a 50 day moving average price of $437.28 and a 200 day moving average price of $447.42. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 0.52. Linde PLC has a twelve month low of $387.78 and a twelve month high of $488.54.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, February 5th. The basic materials company reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.02. Linde had a return on equity of 19.52% and a net margin of 20.30%.The company had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.64 billion. During the same period in the previous year, the company earned $3.97 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Linde has set its Q1 2026 guidance at 4.200-4.300 EPS and its FY 2026 guidance at 17.400-17.900 EPS. Research analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LIN shares. Royal Bank Of Canada reduced their price objective on shares of Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a research note on Friday, December 12th. Morgan Stanley reissued an “overweight” rating and set a $530.00 price objective on shares of Linde in a report on Friday, February 6th. UBS Group raised their price objective on Linde from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $455.00 target price on shares of Linde in a report on Friday, February 6th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Linde in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $508.20.

Linde Company Profile

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.