Great Lakes Advisors LLC Takes $181.72 Million Position in Linde PLC $LIN

Great Lakes Advisors LLC bought a new position in Linde PLC (NASDAQ:LIN) during the second quarter, Holdings Channel reports. The firm bought 350,167 shares of the basic materials company’s stock, valued at approximately $181,718,000. Linde makes up about 1.4% of Great Lakes Advisors LLC’s portfolio, making the stock its 12th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC acquired a new position in shares of Linde in the 4th quarter valued at $2,752,000. Revolve Wealth Partners LLC grew its position in Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after buying an additional 96 shares during the period. Sivia Capital Partners LLC grew its position in Linde by 19.8% during the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock valued at $736,000 after buying an additional 259 shares during the period. Schnieders Capital Management LLC. increased its holdings in Linde by 19.3% in the second quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock valued at $421,000 after buying an additional 145 shares in the last quarter. Finally, Gabelli Funds LLC raised its position in shares of Linde by 3.2% in the second quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock worth $2,639,000 after acquiring an additional 175 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LIN shares. BMO Capital Markets dropped their target price on Linde from $560.00 to $546.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $575.00 price target on shares of Linde in a research report on Monday, May 4th. Evercore reissued an “outperform” rating and issued a $525.00 price objective on shares of Linde in a report on Friday, July 10th. The Goldman Sachs Group set a $580.00 price objective on Linde in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. increased their target price on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $545.38.

Linde Stock Up 0.9%

Shares of LIN opened at $478.70 on Wednesday. The stock has a 50 day moving average price of $510.04 and a 200 day moving average price of $500.00. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88. The stock has a market capitalization of $220.67 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 3.04 and a beta of 0.72.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating 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 analyst estimates of $9.02 billion. During the same quarter last year, the firm posted $4.09 EPS. The firm’s revenue for the quarter 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. Equities research analysts forecast that Linde PLC will post 17.85 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

About Linde

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.