Davis Rea LTD. Acquires New Shares in Linde PLC $LIN

Davis Rea LTD. bought a new position in shares of Linde PLC (NASDAQ:LIN) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,723 shares of the basic materials company’s stock, valued at approximately $5,090,000. Linde accounts for about 1.5% of Davis Rea LTD.’s investment portfolio, making the stock its 21st biggest position.

Other institutional investors also recently modified their holdings of the company. State Street Corp grew its position in Linde by 3.7% in the 2nd quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock valued at $10,558,016,000 after purchasing an additional 719,052 shares during the period. Invesco Ltd. increased its stake in Linde by 26.0% during the 4th quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company’s stock valued at $2,303,494,000 after purchasing an additional 1,114,751 shares in the last quarter. Amundi increased its stake in Linde by 13.4% during the 1st quarter. Amundi now owns 3,162,409 shares of the basic materials company’s stock valued at $1,567,796,000 after purchasing an additional 373,012 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Linde by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company’s stock valued at $1,358,712,000 after purchasing an additional 64,078 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Linde by 18.0% in the 4th quarter. Royal Bank of Canada now owns 2,250,532 shares of the basic materials company’s stock worth $959,605,000 after acquiring an additional 343,161 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Price Performance

Shares of Linde stock traded up $4.76 on Tuesday, reaching $492.11. The stock had a trading volume of 1,394,113 shares, compared to its average volume of 2,327,269. The business’s 50 day moving average is $478.25 and its two-hundred day moving average is $498.15. 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 1 year low of $387.78 and a 1 year high of $548.20. The company has a market cap of $226.85 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 2.82 and a beta of 0.71.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.01. The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $4.09 EPS. 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, research analysts anticipate that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a dividend of $1.60 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. Linde’s payout ratio is presently 41.34%.

Analyst Upgrades and Downgrades

LIN has been the topic of several recent analyst reports. Evercore raised their price objective on Linde from $515.00 to $525.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. 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. The Goldman Sachs Group set a $580.00 price objective on Linde and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada lowered their price objective on Linde from $576.00 to $553.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $547.29.

Linde Company 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.