2,896 Shares in Linde PLC $LIN Purchased by Old North State Wealth Management LLC

Old North State Wealth Management LLC purchased a new position in 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 purchased 2,896 shares of the basic materials company’s stock, valued at approximately $1,380,000.

A number of other institutional investors also recently modified their holdings of LIN. Strategic Planning Group LLC boosted its position in Linde by 5.7% during the third quarter. Strategic Planning Group LLC now owns 26,775 shares of the basic materials company’s stock valued at $12,709,000 after acquiring an additional 1,441 shares during the last quarter. CMH Wealth Management LLC acquired a new stake in Linde during the 3rd quarter worth about $136,000. Indiana Trust & Investment Management Co bought a new position in shares of Linde in the 3rd quarter worth about $119,000. Benin Management CORP bought a new position in shares of Linde in the 3rd quarter worth about $740,000. Finally, Howland Capital Management LLC bought a new position in shares of Linde in the 3rd quarter worth about $710,000. 82.80% of the stock is owned by institutional investors.

Linde Trading Up 2.0%

NASDAQ:LIN opened at $510.36 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $235.27 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 2.92 and a beta of 0.71. The firm has a fifty day simple moving average of $480.03 and a two-hundred day simple moving average of $498.29. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.01. Linde had a net margin of 20.43% and a return on equity of 20.09%. The firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same period in the previous year, the firm posted $4.09 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. 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 expect that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LIN. Evercore boosted their price objective on Linde from $515.00 to $525.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Jefferies Financial Group raised their target price on Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. KeyCorp assumed coverage on Linde in a report on Thursday, September 10th. They issued an “overweight” rating and a $542.00 target price for the company. Royal Bank Of Canada lowered their target price on Linde from $553.00 to $549.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Finally, The Goldman Sachs Group set a $580.00 price target on Linde and gave the company a “buy” rating in a research note on Monday, August 10th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $547.10.

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.