Payden & Rygel Makes New $8.08 Million Investment in Linde PLC $LIN

Payden & Rygel bought a new position in shares of Linde PLC (NASDAQ:LIN) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 17,020 shares of the basic materials company’s stock, valued at approximately $8,079,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sanders Morris Harris LLC bought a new position in Linde in the third quarter valued at $847,000. Carderock Capital Management Inc. bought a new stake in Linde during the 3rd quarter worth about $7,498,000. First Financial Bank Trust Division bought a new stake in Linde during the 3rd quarter worth about $4,034,000. Birch Hill Investment Advisors LLC acquired a new position in shares of Linde during the 3rd quarter worth about $1,875,000. Finally, Hikari Power Ltd acquired a new position in shares of Linde during the 2nd quarter worth about $20,965,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Up 2.2%

Shares of LIN stock opened at $514.24 on Friday. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The stock has a market cap of $237.05 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 2.93 and a beta of 0.71. The firm’s 50-day moving average is $483.53 and its 200-day moving average is $492.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.75 and a current ratio of 0.86.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, October 29th. The basic materials company reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.52 by $0.07. The business had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $9.16 billion. Linde had a return on equity of 20.32% and a net margin of 19.34%. Linde’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company posted $4.21 earnings per share. Sell-side analysts predict that Linde PLC will post 17.88 EPS for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be paid a $1.60 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $6.40 annualized dividend and a yield of 1.2%. Linde’s dividend payout ratio is currently 41.34%.

Linde News Roundup

Here are the key news stories impacting Linde this week:

• Positive Sentiment: Q3 results exceeded expectations: Adjusted EPS was $4.59, above the $4.52 consensus and up 9% year over year, while sales rose 9.3% to $9.40 billion, topping the $9.16 billion estimate. Linde Reports Third-Quarter 2026 Results
• Positive Sentiment: Growth drivers remain intact: Higher pricing, volume growth in the Americas, strong electronics demand and AI-related semiconductor investment supported the quarter. Management also cited a $7.9 billion project backlog, providing visibility into future growth. LIN Q3 Earnings Call Highlights Restructuring and Growth Outlook
• Positive Sentiment: Analysts raised their valuation targets: Barclays lifted its target from $577 to $591 and maintained an “overweight” rating, while RBC raised its target from $549 to $568 and upgraded or maintained an “outperform” view. The revisions signal continued confidence in Linde’s earnings durability and growth prospects.
• Neutral Sentiment: Underlying performance was stronger than reported GAAP results: GAAP net income declined 12% because of purchase-accounting effects and restructuring-related items, but adjusted net income increased 7% to $2.12 billion. Linde plc Q3 2026 Earnings Call Summary
• Negative Sentiment: Restructuring and near-term uncertainty temper the outlook: Linde expects a $425 million restructuring charge and guided fourth-quarter EPS to $4.40–$4.50. Uneven industrial demand, margin pressure and an evaluation of options for Lincare could limit near-term upside.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada raised their price objective on Linde from $549.00 to $568.00 and gave the company an “outperform” rating in a report on Friday. Argus dropped their target price on Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a report on Monday, September 28th. Jefferies Financial Group upped their target price on Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. UBS Group reduced their price target on Linde from $612.00 to $574.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Linde from $580.00 to $575.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus price target of $550.14.

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.