Park National Corp OH Purchases New Stake in Linde PLC $LIN

Park National Corp OH purchased a new stake in Linde PLC (NASDAQ:LIN) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 15,956 shares of the basic materials company’s stock, valued at approximately $7,574,000.

A number of other large investors also recently bought and sold shares of LIN. Legacy Wealth Managment LLC ID lifted its holdings in shares of Linde by 96.6% in the 1st 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 last quarter. Principia Wealth Advisory LLC lifted its position in shares of Linde by 74.2% during the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 23 shares in the last quarter. Manning & Napier Advisors LLC boosted its stake in shares of Linde by 1,450.0% in the first 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 period. Polaris Financial Partners purchased a new stake in Linde during the 3rd quarter worth approximately $31,000. Finally, Abound Financial LLC purchased a new position in Linde in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LIN shares. BMO Capital Markets decreased their price objective on Linde from $560.00 to $546.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Rothschild & Co Redburn lifted their price target on Linde from $550.00 to $560.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Berenberg Bank restated a “buy” rating on shares of Linde in a research note on Tuesday, August 4th. The Goldman Sachs Group set a $580.00 target price on Linde and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Bank of America lifted their price target on Linde from $532.00 to $550.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $546.80.

Linde Price Performance

LIN stock traded up $5.14 on Monday, reaching $484.62. The company had a trading volume of 1,109,529 shares, compared to its average volume of 2,330,235. The company’s fifty day moving average is $479.86 and its 200 day moving average is $498.22. The company has a market cap of $223.40 billion, a P/E ratio of 31.31, a PEG ratio of 2.80 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 1 year low of $387.78 and a 1 year high of $548.20.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.49 by $0.01. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. Linde’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.09 earnings per share. 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, research analysts forecast 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 paid a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 3rd. Linde’s payout ratio is currently 41.34%.

Linde Profile

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company that supplies gases, related equipment and process technologies to customers in healthcare, manufacturing, chemicals, energy, food and beverage, electronics, and other industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide and specialty gases.

The company provides gases through on-site production facilities, pipelines, bulk deliveries and packaged cylinders. It also designs and builds industrial gas plants and offers technologies and services for applications such as hydrogen production, carbon capture, clean energy, semiconductor manufacturing, metal fabrication and medical care.

Linde traces its history to 1879, when German engineer Carl von Linde developed refrigeration and gas-related technologies.