Linde PLC $LIN Shares Newly Bought by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp acquired a new position in shares of Linde PLC (NASDAQ:LIN) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 49,478 shares of the basic materials company’s stock, valued at approximately $23,485,000. Linde accounts for 2.8% of Noesis Capital Mangement Corp’s portfolio, making the stock its 13th biggest position.

A number of other large investors have also recently bought and sold shares of LIN. Leo Wealth LLC bought a new position in Linde in the third quarter worth about $244,000. Apollon Wealth Management LLC grew its holdings in shares of Linde by 0.6% during the third quarter. Apollon Wealth Management LLC now owns 33,751 shares of the basic materials company’s stock valued at $16,020,000 after purchasing an additional 190 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Linde during the third quarter valued at approximately $1,662,000. Kingswood Wealth Advisors LLC grew its holdings in shares of Linde by 5.3% during the third quarter. Kingswood Wealth Advisors LLC now owns 1,604 shares of the basic materials company’s stock valued at $761,000 after purchasing an additional 81 shares during the last quarter. Finally, Sigma Planning Corp acquired a new stake in shares of Linde during the 3rd quarter worth approximately $784,000. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $507.56 on Tuesday. The firm’s 50 day moving average is $480.65 and its two-hundred day moving average is $490.64. Linde PLC has a 52 week low of $387.78 and a 52 week high of $548.20. The firm has a market capitalization of $233.98 billion, a P/E ratio of 32.79, a PEG ratio of 2.97 and a beta of 0.71. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51.

Linde (NASDAQ:LIN) last released its quarterly 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. The company had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.09 earnings per share. 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 anticipate that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $6.40 annualized dividend and a yield of 1.3%. Linde’s payout ratio is presently 41.34%.

Analysts Set New Price Targets

Several brokerages recently issued reports on LIN. Jefferies Financial Group raised their price target on Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reduced their price objective on Linde from $580.00 to $575.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. The Goldman Sachs Group set a $580.00 price objective on Linde and gave the stock a “buy” rating in a research note on Monday, August 10th. Argus dropped their target price 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, Evercore raised their target price on Linde from $515.00 to $525.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Linde currently has a consensus rating of “Buy” and a consensus price target 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.