TD Waterhouse Canada Inc. Sells 13,714 Shares of Linde PLC $LIN

TD Waterhouse Canada Inc. trimmed its holdings in Linde PLC (NASDAQ:LIN) by 12.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,842 shares of the basic materials company’s stock after selling 13,714 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Linde were worth $46,908,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LIN. Auto Owners Insurance Co grew its holdings in Linde by 42,539.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,321,809 shares of the basic materials company’s stock worth $56,361,000 after acquiring an additional 1,318,709 shares during the last quarter. Invesco Ltd. increased its position in Linde by 26.0% in the 4th quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company’s stock valued at $2,303,494,000 after acquiring an additional 1,114,751 shares in the last quarter. Flossbach Von Storch SE acquired a new stake in Linde in the 2nd quarter valued at about $438,525,000. Corient Private Wealth LLC raised its stake in shares of Linde by 129.9% in the fourth quarter. Corient Private Wealth LLC now owns 1,445,708 shares of the basic materials company’s stock worth $616,435,000 after acquiring an additional 816,744 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Linde by 3.7% in the second quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock worth $10,558,016,000 after acquiring an additional 719,052 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LIN shares. BMO Capital Markets reiterated an “outperform” rating on shares of Linde in a research report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft lowered their price target 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. Berenberg Bank restated a “buy” rating on shares of Linde in a research report on Tuesday, August 4th. Royal Bank Of Canada reduced their price objective on Linde from $553.00 to $549.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Barclays initiated coverage on Linde in a research report on Monday. They issued an “overweight” rating and a $577.00 price objective on the stock. Three equities research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $547.10.

Linde Trading Up 1.1%

NASDAQ:LIN traded up $5.21 on Friday, hitting $498.43. 2,036,737 shares of the stock were exchanged, compared to its average volume of 2,231,874. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88. Linde PLC has a 52 week low of $387.78 and a 52 week high of $548.20. The stock has a market capitalization of $229.77 billion, a price-to-earnings ratio of 32.20, a P/E/G ratio of 2.88 and a beta of 0.71. The company’s 50-day moving average price is $478.52 and its 200 day moving average price is $498.15.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.01. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $4.09 EPS. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. On average, equities research analysts forecast that Linde PLC will post 17.86 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were paid 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 of this dividend was Thursday, September 3rd. Linde’s payout ratio is 41.34%.

Key Stories Impacting Linde

Here are the key news stories impacting Linde this week:

• Positive Sentiment: Barclays turned bullish on Linde. The firm initiated coverage with an “overweight” rating, adding to recent positive sentiment around Linde’s earnings durability, pricing power and exposure to long-term industrial and technology demand. Barclays initiates coverage of Linde at overweight
• Positive Sentiment: Linde is expanding its carbon-capture business in Sweden. The company plans to build a facility capable of capturing 200,000 tonnes of CO2 annually at a waste-to-energy site, reinforcing its position in industrial decarbonization and potentially expanding its project pipeline. Linde to build 200,000-tonne CO2 capture plant at Swedish waste-to-energy facility
• Positive Sentiment: Linde’s Taiwan affiliate is pursuing hydrogen infrastructure growth. Linde LienHwa is developing hydrogen-as-a-service and refueling solutions, which could create longer-term revenue opportunities as Taiwan increases hydrogen adoption. Linde LienHwa tackles hydrogen transport dilemma with HaaS Interview: Linde LienHwa fuels Taiwan’s hydrogen push
• Neutral Sentiment: RBC remains constructive but lowered its target. Royal Bank of Canada cut its price target from $553 to $549 while retaining an “outperform” rating, suggesting continued confidence but slightly less near-term upside.
• Negative Sentiment: Valuation is becoming a concern. Commentary that Linde appears fully valued on current earnings could weigh on the stock, particularly given its elevated earnings multiple and the need for continued earnings growth to justify further appreciation. Linde Stock Looks Fully Valued On Current Earnings

Linde 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.