Linde PLC $LIN Shares Acquired by Summit Global Investments

Summit Global Investments raised its holdings in shares of Linde PLC (NASDAQ:LIN) by 79.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,502 shares of the basic materials company’s stock after acquiring an additional 1,110 shares during the period. Summit Global Investments’ holdings in Linde were worth $1,188,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Invera Wealth Advisors LLC raised its position in Linde by 14.3% in the 3rd quarter. Invera Wealth Advisors LLC now owns 1,175 shares of the basic materials company’s stock worth $558,000 after purchasing an additional 147 shares during the period. Americana Partners LLC lifted its stake in Linde by 4.3% in the third quarter. Americana Partners LLC now owns 44,325 shares of the basic materials company’s stock worth $21,039,000 after purchasing an additional 1,832 shares during the last quarter. Modera Wealth Management LLC purchased a new stake in Linde during the third quarter valued at about $930,000. International Assets Investment Management LLC boosted its position in Linde by 443.1% during the third quarter. International Assets Investment Management LLC now owns 6,588 shares of the basic materials company’s stock valued at $3,127,000 after buying an additional 5,375 shares during the period. Finally, Payden & Rygel purchased a new stake in Linde during the third quarter valued at about $8,079,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Price Performance

LIN stock opened at $514.24 on Monday. The firm’s 50-day moving average price is $483.53 and its two-hundred day moving average price is $492.35. 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 $237.05 billion, a price-to-earnings ratio of 34.17, a PEG ratio of 3.00 and a beta of 0.71. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 0.50.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 29th. The basic materials company reported $4.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.52 by $0.07. The company had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.16 billion. Linde had a net margin of 19.34% and a return on equity of 20.32%. Linde’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $4.21 earnings per share. As a group, equities analysts predict that Linde PLC will post 17.88 earnings per share for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be issued a $1.60 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $6.40 annualized dividend and a yield of 1.2%. Linde’s dividend payout ratio (DPR) is 42.52%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LIN. Berenberg Bank reiterated a “buy” rating on shares of Linde in a report on Tuesday, August 4th. Royal Bank Of Canada increased their target price on Linde from $549.00 to $568.00 and gave the company an “outperform” rating in a report on Friday. Sanford C. Bernstein restated an “outperform” rating on shares of Linde in a research report on Monday, October 5th. Jefferies Financial Group lifted their price target on Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, Argus lowered their price objective on Linde from $563.00 to $538.00 and set a “buy” rating for the company in a research report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and a consensus target price of $550.14.

Key Linde News

Here are the key news stories impacting Linde this week:

• Positive Sentiment: Q3 results exceeded expectations: Adjusted EPS was $4.59, above the $4.52 consensus and up 9% year over year, while sales rose 9.3% to $9.40 billion, topping the $9.16 billion estimate. Linde Reports Third-Quarter 2026 Results
• Positive Sentiment: Growth drivers remain intact: Higher pricing, volume growth in the Americas, strong electronics demand and AI-related semiconductor investment supported the quarter. Management also cited a $7.9 billion project backlog, providing visibility into future growth. LIN Q3 Earnings Call Highlights Restructuring and Growth Outlook
• Positive Sentiment: Analysts raised their valuation targets: Barclays lifted its target from $577 to $591 and maintained an “overweight” rating, while RBC raised its target from $549 to $568 and upgraded or maintained an “outperform” view. The revisions signal continued confidence in Linde’s earnings durability and growth prospects.
• Neutral Sentiment: Underlying performance was stronger than reported GAAP results: GAAP net income declined 12% because of purchase-accounting effects and restructuring-related items, but adjusted net income increased 7% to $2.12 billion. Linde plc Q3 2026 Earnings Call Summary
• Negative Sentiment: Restructuring and near-term uncertainty temper the outlook: Linde expects a $425 million restructuring charge and guided fourth-quarter EPS to $4.40–$4.50. Uneven industrial demand, margin pressure and an evaluation of options for Lincare could limit near-term upside.

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.