1,327 Shares in Linde PLC $LIN Purchased by NTV Asset Management LLC

NTV Asset Management LLC acquired a new stake in Linde PLC (NASDAQ:LIN) in the 3rd quarter, HoldingsChannel reports. The fund acquired 1,327 shares of the basic materials company’s stock, valued at approximately $630,000.

Several other large investors also recently made changes to their positions in the stock. Evergreen Capital Management LLC bought a new stake in Linde during the third quarter worth $3,400,000. Gibbs Wealth Management grew its position in shares of Linde by 16.0% in the 3rd quarter. Gibbs Wealth Management now owns 573 shares of the basic materials company’s stock valued at $272,000 after acquiring an additional 79 shares during the period. Manchester Capital Management LLC bought a new position in shares of Linde in the 3rd quarter valued at about $398,000. Farmers & Merchants Investments Inc. bought a new position in shares of Linde in the 3rd quarter valued at about $14,694,000. Finally, Towercrest Capital Management grew its position in shares of Linde by 2.8% in the 3rd quarter. Towercrest Capital Management now owns 918 shares of the basic materials company’s stock valued at $436,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

LIN opened at $508.83 on Monday. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The stock’s fifty day simple moving average is $480.55 and its 200 day simple moving average is $498.36. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. The stock has a market cap of $234.56 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.97 and a beta of 0.71.

Linde (NASDAQ:LIN) last announced 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. Linde had a return on equity of 20.09% and a net margin of 20.43%. The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter last year, the firm posted $4.09 EPS. The company’s quarterly 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. As a group, research analysts expect that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

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

Wall Street Analyst Weigh In

LIN has been the topic of several recent analyst reports. DZ Bank restated a “neutral” rating on shares of Linde in a research note on Thursday, August 6th. The Goldman Sachs Group set a $580.00 target price on shares of Linde and gave the company a “buy” rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft reduced their price target on Linde from $580.00 to $575.00 and set a “buy” rating for the company in a report on Monday, August 3rd. BMO Capital Markets reissued an “outperform” rating on shares of Linde in a research report on Thursday, October 8th. Finally, Argus lowered their price target on Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a research report on Monday, September 28th. Three equities research 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’s stock. According to MarketBeat.com, the stock presently has an average 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.