1,260 Shares in Linde PLC $LIN Bought by Ifrah Financial Services Inc.

Ifrah Financial Services Inc. bought a new stake in shares of Linde PLC (NASDAQ:LIN) during the 3rd quarter, Holdings Channel reports. The fund bought 1,260 shares of the basic materials company’s stock, valued at approximately $598,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LIN. Legacy Wealth Managment LLC ID lifted its stake in Linde by 96.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 28 shares during the period. Principia Wealth Advisory LLC increased its position in Linde by 74.2% during the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 23 shares during the period. Marquette Asset Management LLC purchased a new position in Linde during the 3rd quarter valued at $29,000. Manning & Napier Advisors LLC increased its position in Linde by 1,450.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 58 shares during the period. Finally, Polaris Financial Partners bought a new position in Linde in the 3rd quarter worth $31,000. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 1.0%

NASDAQ LIN opened at $492.11 on Wednesday. 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 PLC has a twelve month low of $387.78 and a twelve month high of $548.20. The firm has a market capitalization of $226.85 billion, a PE ratio of 28.27, a P/E/G ratio of 2.84 and a beta of 0.71. The stock’s 50 day moving average is $478.25 and its 200 day moving average is $498.15.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Research analysts forecast that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Jefferies Financial Group raised their target price on shares of Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Berenberg Bank reaffirmed a “buy” rating on shares of Linde in a research note on Tuesday, August 4th. Argus reduced their price target on shares of Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a research report on Monday, September 28th. BMO Capital Markets reissued an “outperform” rating on shares of Linde in a research note on Thursday, October 8th. Finally, Royal Bank Of Canada decreased their price target on shares of Linde from $576.00 to $553.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $547.29.

Linde Company 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.