1,576 Shares in Linde PLC $LIN Acquired by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in Linde PLC (NASDAQ:LIN) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,576 shares of the basic materials company’s stock, valued at approximately $748,000.

A number of other institutional investors have also recently made changes to their positions in LIN. Legacy Wealth Managment LLC ID increased its stake in shares of Linde by 96.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after buying an additional 28 shares during the period. Principia Wealth Advisory LLC boosted its position in Linde by 74.2% during the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after buying an additional 23 shares during the period. Marquette Asset Management LLC purchased a new stake in Linde during the 3rd quarter valued at $29,000. Manning & Napier Advisors LLC boosted its position in Linde by 1,450.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock valued at $31,000 after buying an additional 58 shares during the period. Finally, Polaris Financial Partners bought a new stake in Linde in the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Trading Down 1.0%

LIN stock traded down $5.21 on Tuesday, reaching $498.23. The company’s stock had a trading volume of 696,217 shares, compared to its average volume of 2,316,358. The firm has a market cap of $229.67 billion, a PE ratio of 32.17, a PEG ratio of 2.91 and a beta of 0.71. The business has a fifty day simple moving average of $478.74 and a two-hundred day simple moving average of $498.19. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. 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 (NASDAQ:LIN) last issued its quarterly earnings data 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 net margin of 20.43% and a return on equity of 20.09%. The business had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same period in the previous year, the firm earned $4.09 EPS. The company’s quarterly 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. As a group, research analysts forecast that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a dividend of $1.60 per share. The ex-dividend date was Thursday, September 3rd. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. Linde’s payout ratio is currently 41.34%.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of analyst reports. Bank of America boosted their price objective on shares of Linde from $532.00 to $550.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research note on Monday. KeyCorp assumed coverage on shares of Linde in a report on Thursday, September 10th. They set an “overweight” rating and a $542.00 target price for the company. The Goldman Sachs Group set a $580.00 target price on Linde and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Jefferies Financial Group boosted their price target on Linde from $535.00 to $560.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $547.10.

About Linde

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.