Linde PLC $LIN Stock Purchased by Milestones Administradora de Recursos Ltda.

Milestones Administradora de Recursos Ltda. boosted its holdings in Linde PLC (NASDAQ:LIN) by 30.7% during the third quarter, Holdings Channel.com reports. The fund owned 112,752 shares of the basic materials company’s stock after acquiring an additional 26,470 shares during the period. Linde accounts for 9.6% of Milestones Administradora de Recursos Ltda.’s investment portfolio, making the stock its 6th largest holding. Milestones Administradora de Recursos Ltda.’s holdings in Linde were worth $53,518,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LIN. Atticus Wealth Management LLC grew its holdings in Linde by 10.8% during the 3rd quarter. Atticus Wealth Management LLC now owns 809 shares of the basic materials company’s stock valued at $384,000 after buying an additional 79 shares during the last quarter. Cushing Capital Partners LLC increased its position in Linde by 9.6% during the third quarter. Cushing Capital Partners LLC now owns 1,202 shares of the basic materials company’s stock worth $571,000 after buying an additional 105 shares in the last quarter. Carnegie Investment Counsel purchased a new position in Linde during the third quarter worth $1,071,000. Pinnacle Associates Ltd. increased its position in Linde by 6.5% during the third quarter. Pinnacle Associates Ltd. now owns 3,786 shares of the basic materials company’s stock worth $1,797,000 after buying an additional 231 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Linde in the third quarter worth $48,841,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Trading Down 0.3%

Shares of Linde stock opened at $500.57 on Thursday. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The firm has a market cap of $230.75 billion, a PE ratio of 32.34, a P/E/G ratio of 2.93 and a beta of 0.71. The business’s fifty day moving average is $479.39 and its two-hundred day moving average is $498.24. 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 posted its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter last year, the firm earned $4.09 earnings per share. The business’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. Analysts anticipate that Linde PLC will post 17.86 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently announced 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 yield of 1.3%. Linde’s dividend payout ratio is 41.34%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LIN shares. Sanford C. Bernstein restated an “outperform” rating on shares of Linde in a research report on Monday, October 5th. Citigroup decreased their price objective on Linde from $580.00 to $560.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on Linde from $580.00 to $575.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research note on Monday. Finally, Barclays began coverage on shares of Linde in a research note on Monday, October 12th. They issued an “overweight” rating and a $577.00 target price for the company. Three 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. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target 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.