Linde PLC $LIN Shares Purchased by MBL Wealth LLC

MBL Wealth LLC increased its position in shares of Linde PLC (NASDAQ:LIN) by 183.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,490 shares of the basic materials company’s stock after buying an additional 1,611 shares during the quarter. MBL Wealth LLC’s holdings in Linde were worth $1,182,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID grew its position in 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 acquiring an additional 28 shares during the period. Principia Wealth Advisory LLC raised its position in Linde by 74.2% in the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 23 shares during the period. Marquette Asset Management LLC purchased a new stake in Linde in the third quarter valued at $29,000. Manning & Napier Advisors LLC lifted 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 during the last quarter. Finally, Polaris Financial Partners acquired a new position in shares of Linde in the 3rd quarter valued at $31,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Down 0.3%

Linde stock opened at $508.83 on Friday. The company has a market capitalization of $234.56 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71. 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 fifty-two week low of $387.78 and a fifty-two week high of $548.20. The firm has a 50 day moving average price of $480.55 and a 200 day moving average price of $498.37.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%. The company had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same period in the prior year, the firm earned $4.09 earnings per share. The firm’s 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. Research analysts expect that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a $1.60 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s payout ratio is presently 41.34%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LIN shares. Citigroup lowered their price target on Linde from $580.00 to $560.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. UBS Group reduced their price objective on shares of Linde from $612.00 to $574.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Linde from $580.00 to $575.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. KeyCorp began coverage on shares of Linde in a research report on Thursday, September 10th. They issued an “overweight” rating and a $542.00 target price on the stock. Finally, The Goldman Sachs Group set a $580.00 target price on shares of Linde and gave the stock a “buy” rating in a research note on Monday, August 10th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price 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.