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Archer Investment Corp purchased a new stake in Linde PLC (NASDAQ:LIN – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,289 shares of the basic materials company’s stock, valued at approximately $669,000.Several other institutional investors have also added to or reduced their stakes in LIN. State Street Corp raised its position in shares of Linde by 0.9% during the third quarter. State Street Corp now owns 19,319,583 shares of the basic materials company’s stock worth $9,176,828,000 after acquiring an additional 172,162 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Linde by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 11,353,011 shares of the basic materials company’s stock valued at $4,820,533,000 after buying an additional 35,945 shares during the period. Capital Research Global Investors raised its position in shares of Linde by 8.6% during the fourth quarter. Capital Research Global Investors now owns 10,127,594 shares of the basic materials company’s stock worth $4,318,325,000 after purchasing an additional 797,866 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Linde by 7.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,784,371 shares of the basic materials company’s stock valued at $4,171,959,000 after buying an additional 695,771 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Linde during the fourth quarter valued at about $3,246,750,000. 82.80% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets Several equities research analysts have commented on the stock. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Evercore reissued an “outperform” rating and set a $525.00 target price on shares of Linde in a research report on Friday, July 10th. Royal Bank Of Canada decreased their price target on shares of Linde from $576.00 to $553.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Sanford C. Bernstein raised their price objective on shares of Linde from $559.00 to $564.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $545.38.
View Our Latest Stock Report on LIN Linde Trading Up 0.9% Linde stock opened at $489.51 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The stock has a market capitalization of $225.65 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 3.05 and a beta of 0.72. The business’s fifty day moving average is $505.33 and its 200 day moving average is $501.23.
Linde (NASDAQ:LIN – Get Free Report) last announced its 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 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 analysts’ expectations of $9.02 billion. During the same period last year, the firm earned $4.09 EPS. Linde’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, sell-side analysts predict that Linde PLC will post 17.85 EPS for the current year.
Linde Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a $1.60 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is currently 41.34%.
Linde Company Profile (Free Report)
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.
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