WestEnd Advisors LLC Acquires 58,115 Shares of Linde PLC $LIN

WestEnd Advisors LLC bought a new stake in shares of Linde PLC (NASDAQ:LIN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 58,115 shares of the basic materials company’s stock, valued at approximately $27,586,000.

Other hedge funds also recently bought and sold shares of the company. Sanders Morris Harris LLC bought a new position in shares of Linde during the 3rd quarter valued at about $847,000. Carderock Capital Management Inc. purchased a new position in shares of Linde during the third quarter valued at about $7,498,000. First Financial Bank Trust Division purchased a new position in shares of Linde during the third quarter valued at about $4,034,000. Birch Hill Investment Advisors LLC bought a new stake in shares of Linde in the third quarter worth about $1,875,000. Finally, Hikari Power Ltd bought a new stake in shares of Linde in the second quarter worth about $20,965,000. Institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of research analyst reports. Berenberg Bank reiterated a “buy” rating on shares of Linde in a research report on Tuesday, August 4th. Barclays began coverage on Linde in a research note on Monday, October 12th. They set an “overweight” rating and a $577.00 price target for the company. Bank of America raised their price target on Linde from $532.00 to $550.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Evercore lifted their price objective on Linde from $515.00 to $525.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings reaffirmed 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. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $547.10.

Linde Stock Up 0.2%

Shares of NASDAQ:LIN opened at $508.65 on Wednesday. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The company has a 50-day moving average price of $481.84 and a 200 day moving average price of $491.36.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, topping the consensus estimate of $4.49 by $0.01. The company had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the prior year, the business posted $4.09 EPS. The company’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. Research 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 will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, December 3rd.

Linde Company 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.