1,997 Linde PLC $LIN Shares Acquired by Wedmont Private Capital

Wedmont Private Capital lifted its stake in Linde PLC (NASDAQ:LIN) by 42.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,722 shares of the basic materials company’s stock after purchasing an additional 1,997 shares during the quarter. Wedmont Private Capital’s holdings in Linde were worth $3,238,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LIN shares. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Sanford C. Bernstein restated an “outperform” rating on shares of Linde in a report on Monday. DZ Bank reaffirmed a “neutral” rating on shares of Linde in a research report on Thursday, August 6th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Linde in a research report on Thursday. Finally, The Goldman Sachs Group set a $580.00 price target on shares of Linde and gave the stock a “buy” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Linde currently has a consensus rating of “Buy” and an average price target of $545.80.

Linde Stock Up 0.4%

Linde stock opened at $483.73 on Friday. Linde PLC has a twelve month low of $387.78 and a twelve month high of $548.20. The stock’s fifty day simple moving average is $477.97 and its 200-day simple moving average is $497.96. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $222.99 billion, a P/E ratio of 31.25, a P/E/G ratio of 2.81 and a beta of 0.71.

Linde (NASDAQ:LIN) last released its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) 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 firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same period last year, the business posted $4.09 earnings per share. Linde’s 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. As a group, equities analysts expect that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given a dividend of $1.60 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s payout ratio is currently 41.34%.

Linde 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.