120,481 Shares of Linde PLC $LIN Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH purchased a new stake in Linde PLC (NASDAQ:LIN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 120,481 shares of the basic materials company’s stock, valued at approximately $57,186,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ZWJ Investment Counsel Inc. purchased a new stake in Linde in the third quarter valued at $2,334,000. Triangle Securities Wealth Management acquired a new position in shares of Linde in the 3rd quarter valued at $2,444,000. Mather Group LLC. acquired a new position in shares of Linde in the 3rd quarter valued at $881,000. Reliant Investment Management LLC purchased a new position in shares of Linde during the 3rd quarter worth $8,232,000. Finally, Fortitude Family Office LLC grew its holdings in shares of Linde by 44.7% during the 3rd quarter. Fortitude Family Office LLC now owns 411 shares of the basic materials company’s stock worth $195,000 after purchasing an additional 127 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the subject of a number of recent analyst reports. Citigroup cut their price objective on Linde from $580.00 to $560.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Royal Bank Of Canada reduced their price objective on shares of Linde from $576.00 to $553.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Evercore upped their target price on shares of Linde from $515.00 to $525.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Linde in a research note on Thursday, October 8th. Finally, The Goldman Sachs Group set a $580.00 target price on shares of Linde and gave the stock a “buy” rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $547.29.

Linde Stock Up 0.1%

Shares of NASDAQ LIN opened at $492.70 on Thursday. The firm has a market cap of $227.12 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.87 and a beta of 0.71. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The business’s 50 day moving average is $478.29 and its two-hundred day moving average is $498.13.

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 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 in the prior year, the firm earned $4.09 earnings per share. The firm’s revenue 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. Research analysts predict that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

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

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.