41,024 Linde PLC $LIN Shares Acquired by PineStone Asset Management Inc.

PineStone Asset Management Inc. grew its position in Linde PLC (NASDAQ:LIN) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 810,807 shares of the basic materials company’s stock after purchasing an additional 41,024 shares during the quarter. Linde makes up about 2.5% of PineStone Asset Management Inc.’s investment portfolio, making the stock its 15th largest holding. PineStone Asset Management Inc. owned approximately 0.18% of Linde worth $384,850,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sanders Morris Harris LLC bought a new position in shares of Linde in the 3rd quarter valued at about $847,000. First Financial Bank Trust Division bought a new stake in Linde during the third quarter worth approximately $4,034,000. Hikari Power Ltd bought a new stake in Linde during the second quarter worth approximately $20,965,000. Patriot Financial Group Insurance Agency LLC increased its stake in Linde by 271.8% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 8,462 shares of the basic materials company’s stock worth $4,195,000 after acquiring an additional 6,186 shares during the last quarter. Finally, Generali Investments Management Co LLC purchased a new stake in Linde during the second quarter valued at approximately $2,931,000. 82.80% of the stock is currently owned by institutional investors.

Trending Headlines about Linde

Here are the key news stories impacting Linde this week:

• Positive Sentiment: Barclays turned bullish on Linde. The firm initiated coverage with an “overweight” rating, adding to recent positive sentiment around Linde’s earnings durability, pricing power and exposure to long-term industrial and technology demand. Barclays initiates coverage of Linde at overweight
• Positive Sentiment: Linde is expanding its carbon-capture business in Sweden. The company plans to build a facility capable of capturing 200,000 tonnes of CO2 annually at a waste-to-energy site, reinforcing its position in industrial decarbonization and potentially expanding its project pipeline. Linde to build 200,000-tonne CO2 capture plant at Swedish waste-to-energy facility
• Positive Sentiment: Linde’s Taiwan affiliate is pursuing hydrogen infrastructure growth. Linde LienHwa is developing hydrogen-as-a-service and refueling solutions, which could create longer-term revenue opportunities as Taiwan increases hydrogen adoption. Linde LienHwa tackles hydrogen transport dilemma with HaaS Interview: Linde LienHwa fuels Taiwan’s hydrogen push
• Neutral Sentiment: RBC remains constructive but lowered its target. Royal Bank of Canada cut its price target from $553 to $549 while retaining an “outperform” rating, suggesting continued confidence but slightly less near-term upside.
• Negative Sentiment: Valuation is becoming a concern. Commentary that Linde appears fully valued on current earnings could weigh on the stock, particularly given its elevated earnings multiple and the need for continued earnings growth to justify further appreciation. Linde Stock Looks Fully Valued On Current Earnings

Analyst Ratings Changes

LIN has been the topic of a number of recent research reports. Citigroup decreased their price objective on Linde from $580.00 to $560.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Linde in a report on Monday, October 5th. Jefferies Financial Group boosted their target price on Linde from $535.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Berenberg Bank reissued a “buy” rating on shares of Linde in a research report on Tuesday, August 4th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Linde in a report on Thursday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $547.10.

Linde Trading Up 1.1%

Shares of LIN opened at $498.43 on Friday. The company’s fifty day simple moving average is $478.52 and its 200-day simple moving average is $498.15. The company has a market cap of $229.77 billion, a P/E ratio of 32.20, a P/E/G ratio of 2.91 and a beta of 0.71. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. Linde PLC has a twelve month low of $387.78 and a twelve month high of $548.20.

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 net margin of 20.43% and a return on equity of 20.09%. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.02 billion. During the same period in the previous year, the company earned $4.09 EPS. The firm’s revenue for the quarter 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. As a group, analysts expect that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

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

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.