Strategic Planning Group LLC Purchases 1,441 Shares of Linde PLC $LIN

Strategic Planning Group LLC lifted its position in shares of Linde PLC (NASDAQ:LIN) by 5.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,775 shares of the basic materials company’s stock after purchasing an additional 1,441 shares during the period. Linde comprises 1.3% of Strategic Planning Group LLC’s portfolio, making the stock its 29th largest position. Strategic Planning Group LLC’s holdings in Linde were worth $12,709,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted its holdings in Linde by 3.7% in the 2nd quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock worth $10,558,016,000 after buying an additional 719,052 shares in the last quarter. Amundi boosted its position in Linde by 13.4% in the 1st quarter. Amundi now owns 3,162,409 shares of the basic materials company’s stock valued at $1,567,796,000 after buying an additional 373,012 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Linde by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company’s stock valued at $1,358,712,000 after buying an additional 64,078 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Linde by 28.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,624,728 shares of the basic materials company’s stock valued at $805,475,000 after acquiring an additional 361,664 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Linde by 6.6% during the first quarter. Swiss National Bank now owns 1,370,361 shares of the basic materials company’s stock valued at $679,370,000 after acquiring an additional 85,360 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Trading Up 2.0%

Shares of NASDAQ LIN opened at $510.36 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average price is $480.03 and its two-hundred day moving average price is $498.29. 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 $235.27 billion, a P/E ratio of 32.97, a PEG ratio of 2.92 and a beta of 0.71.

Linde (NASDAQ:LIN) last posted its quarterly 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 business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $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, analysts anticipate that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed 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 yield of 1.3%. The ex-dividend date was Thursday, September 3rd. Linde’s dividend payout ratio is presently 41.34%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. KeyCorp assumed coverage on Linde in a research report on Thursday, September 10th. They set an “overweight” rating and a $542.00 target price on the stock. Jefferies Financial Group increased 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. Royal Bank Of Canada lowered their price objective on Linde from $553.00 to $549.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. DZ Bank restated a “neutral” rating on shares of Linde in a research note on Thursday, August 6th. Finally, Citigroup dropped their price objective on Linde from $580.00 to $560.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. 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 MarketBeat.com, the company has a consensus rating of “Buy” and an average target price 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.