Norris Perne & French LLP MI Purchases 80,430 Shares of Linde PLC $LIN

Norris Perne & French LLP MI acquired a new position in Linde PLC (NASDAQ:LIN) during the third quarter, Holdings Channel reports. The firm acquired 80,430 shares of the basic materials company’s stock, valued at approximately $38,176,000. Linde makes up approximately 1.7% of Norris Perne & French LLP MI’s portfolio, making the stock its 15th biggest holding.

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

Wall Street Analyst Weigh In

LIN has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Linde from $580.00 to $575.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Barclays assumed coverage on shares of Linde in a research report on Monday, October 12th. They set an “overweight” rating and a $577.00 target price for the company. BMO Capital Markets reissued an “outperform” rating on shares of Linde in a research note on Thursday, October 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of Linde in a report on Monday, October 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a report on Monday, October 19th. Three investment 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $547.10.

Linde Trading Down 0.3%

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

Linde (NASDAQ:LIN) last posted its quarterly earnings data 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. Linde had a return on equity of 20.09% and a net margin of 20.43%. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.02 billion. During the same period in the prior year, the business earned $4.09 EPS. The company’s revenue for the quarter 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 announced a quarterly dividend, which was paid on Thursday, September 17th. Investors 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 presently 41.34%.

About Linde

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.