Sanders Morris Harris LLC Purchases New Holdings in Linde PLC $LIN

Sanders Morris Harris LLC purchased a new position in shares of Linde PLC (NASDAQ:LIN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,802 shares of the basic materials company’s stock, valued at approximately $847,000.

Several other hedge funds also recently modified their holdings of the business. First Financial Bank Trust Division acquired a new stake in shares of Linde during the 3rd quarter worth approximately $4,034,000. Hikari Power Ltd bought a new stake in shares of Linde during the second quarter valued at approximately $20,965,000. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Linde by 271.8% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 8,462 shares of the basic materials company’s stock valued at $4,195,000 after purchasing an additional 6,186 shares in the last quarter. Generali Investments Management Co LLC acquired a new position in shares of Linde in the second quarter valued at $2,931,000. Finally, S&CO Inc. acquired a new position in shares of Linde in the second quarter valued at $13,564,000. 82.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LIN. BMO Capital Markets reissued an “outperform” rating on shares of Linde in a report on Thursday, October 8th. Sanford C. Bernstein restated an “outperform” rating on shares of Linde in a research note on Monday, October 5th. Citigroup reduced their price objective on shares of Linde from $580.00 to $560.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Linde from $580.00 to $575.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Finally, The Goldman Sachs Group set a $580.00 target price on shares of Linde and gave the company a “buy” rating in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Linde has a consensus rating of “Buy” and an average price target of $547.29.

Linde Price Performance

Shares of LIN stock opened at $492.70 on Thursday. The stock’s fifty day moving average is $478.29 and its 200-day moving average is $498.13. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88. The stock has a market capitalization of $227.12 billion, a PE ratio of 31.83, a PEG ratio of 2.87 and a beta of 0.71. Linde PLC has a 52 week low of $387.78 and a 52 week high of $548.20.

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

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, September 3rd. Linde’s dividend payout ratio (DPR) is presently 41.34%.

About Linde

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.