Obermeyer Wealth Partners Acquires New Stake in Linde PLC $LIN

Obermeyer Wealth Partners bought a new position in Linde PLC (NASDAQ:LIN) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 1,096 shares of the basic materials company’s stock, valued at approximately $520,000.

Several other large investors have also recently modified their holdings of the stock. Foster Victor Wealth Advisors LLC raised its position in Linde by 7.4% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 2,043 shares of the basic materials company’s stock worth $1,029,000 after purchasing an additional 140 shares during the period. Smith Shellnut Wilson LLC ADV purchased a new position in shares of Linde during the third quarter valued at approximately $469,000. Crossmark Global Holdings Inc. purchased a new position in shares of Linde during the third quarter valued at approximately $13,076,000. Albion Financial Group UT bought a new position in shares of Linde during the third quarter valued at approximately $44,000. Finally, Milestones Administradora de Recursos Ltda. grew its stake in shares of Linde by 30.7% during the third quarter. Milestones Administradora de Recursos Ltda. now owns 112,752 shares of the basic materials company’s stock valued at $53,518,000 after buying an additional 26,470 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.3%

LIN opened at $500.57 on Thursday. The stock’s fifty day moving average is $479.39 and its two-hundred day moving average is $498.24. The company has a market capitalization of $230.75 billion, a P/E ratio of 32.34, a PEG ratio of 2.93 and a beta of 0.71. Linde PLC has a 52 week low of $387.78 and a 52 week high of $548.20. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51.

Linde (NASDAQ:LIN) last issued 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 period in the previous year, the company posted $4.09 EPS. Linde’s revenue was up 9.3% on a year-over-year basis. 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 earnings per share for the current year.

Linde Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LIN shares. Evercore increased their price target on Linde from $515.00 to $525.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Jefferies Financial Group boosted their price objective on Linde from $535.00 to $560.00 and gave the company a “buy” rating in a report on Monday, August 3rd. KeyCorp started coverage on Linde in a research report on Thursday, September 10th. They issued an “overweight” rating and a $542.00 price objective on the stock. Argus cut their price objective on Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a research report on Monday, September 28th. Finally, Royal Bank Of Canada reduced their target price on Linde from $553.00 to $549.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Linde presently has an average 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.