Howland Capital Management LLC Acquires New Stake in Linde PLC $LIN

Howland Capital Management LLC bought a new stake in Linde PLC (NASDAQ:LIN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,496 shares of the basic materials company’s stock, valued at approximately $710,000.

Several other hedge funds have also bought and sold shares of LIN. Principia Wealth Advisory LLC grew its stake in Linde by 74.2% in the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock worth $28,000 after buying an additional 23 shares in the last quarter. Legacy Wealth Managment LLC ID increased 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 buying an additional 28 shares during the last quarter. Manning & Napier Advisors LLC raised its position in shares of Linde by 1,450.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock valued at $31,000 after buying an additional 58 shares in the last quarter. Marquette Asset Management LLC purchased a new stake in shares of Linde during the 3rd quarter valued at $29,000. Finally, Polaris Financial Partners purchased a new stake in shares of Linde during the 3rd quarter valued at $31,000. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LIN shares. Royal Bank Of Canada cut their target price on shares of Linde from $553.00 to $549.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Monday. Argus dropped their price target on Linde from $563.00 to $538.00 and set a “buy” rating for the company in a research note on Monday, September 28th. KeyCorp started coverage on Linde in a research note on Thursday, September 10th. They set an “overweight” rating and a $542.00 price target for the company. Finally, Citigroup cut their price objective on Linde from $580.00 to $560.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Three 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 data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $547.10.

Linde Stock Up 2.0%

Shares of NASDAQ:LIN opened at $510.36 on Friday. The stock’s 50-day moving average price is $480.03 and its 200-day moving average price is $498.29. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The stock has a market capitalization of $235.27 billion, a P/E ratio of 32.97, a price-to-earnings-growth ratio of 2.92 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 (NASDAQ:LIN) last released its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the previous year, the company earned $4.09 earnings per share. The company’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. On average, equities analysts anticipate that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a dividend of $1.60 per share. 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 (DPR) is 41.34%.

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.