Sumitomo Mitsui DS Asset Management Company Ltd Purchases 67,989 Shares of Linde PLC $LIN

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Linde PLC (NASDAQ:LIN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 67,989 shares of the basic materials company’s stock, valued at approximately $32,271,000.

Other large investors have also recently added to or reduced their stakes in the company. Principia Wealth Advisory LLC increased its position in shares of Linde by 74.2% in the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 23 shares during the last quarter. Legacy Wealth Managment LLC ID raised its stake in shares of Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 28 shares in the last quarter. Manning & Napier Advisors LLC raised its stake in shares of Linde by 1,450.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 58 shares in the last quarter. Marquette Asset Management LLC bought a new position in shares of Linde during the third quarter worth about $29,000. Finally, Polaris Financial Partners bought a new position in shares of Linde during the third quarter worth about $31,000. 82.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LIN shares. BMO Capital Markets reiterated an “outperform” rating on shares of Linde in a research note on Thursday, October 8th. The Goldman Sachs Group set a $580.00 price objective on Linde and gave the company a “buy” rating in a research note on Monday, August 10th. KeyCorp started coverage on Linde in a research note on Thursday, September 10th. They set an “overweight” rating and a $542.00 price objective on the stock. Barclays started coverage on Linde in a report on Monday, October 12th. They set an “overweight” rating and a $577.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Linde from $580.00 to $575.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Linde has an average rating of “Buy” and an average price target of $547.10.

Linde Price Performance

Shares of NASDAQ:LIN opened at $503.44 on Tuesday. The company has a market cap of $232.08 billion, a PE ratio of 32.52, a P/E/G ratio of 2.91 and a beta of 0.71. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The firm has a 50-day simple moving average of $478.74 and a 200 day simple moving average of $498.19. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51.

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, topping 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 firm had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter last year, the company posted $4.09 earnings per share. Linde’s revenue was up 9.3% on a year-over-year basis. 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, sell-side analysts anticipate that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

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

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.