Linde PLC $LIN Shares Newly Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new stake in Linde PLC (NASDAQ:LIN) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 22,322 shares of the basic materials company’s stock, valued at approximately $10,595,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Center for Financial Planning Inc. purchased a new stake in shares of Linde during the 3rd quarter worth approximately $128,000. Park Avenue Securities LLC acquired a new stake in shares of Linde in the 3rd quarter worth approximately $10,528,000. Mill Capital Management LLC increased its stake in Linde by 0.5% in the 3rd quarter. Mill Capital Management LLC now owns 41,324 shares of the basic materials company’s stock valued at $19,614,000 after purchasing an additional 198 shares in the last quarter. Plimoth Trust Co. LLC increased its stake in Linde by 7.3% in the 3rd quarter. Plimoth Trust Co. LLC now owns 8,050 shares of the basic materials company’s stock valued at $3,821,000 after purchasing an additional 545 shares in the last quarter. Finally, Noesis Capital Mangement Corp purchased a new position in Linde in the 3rd quarter valued at approximately $23,485,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LIN. KeyCorp assumed coverage on Linde in a report on Thursday, September 10th. They set an “overweight” rating and a $542.00 price objective for the company. Jefferies Financial Group upped their target price on Linde from $535.00 to $560.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on Linde from $580.00 to $575.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Bank of America raised their price target on Linde from $532.00 to $550.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Finally, Barclays assumed coverage on Linde in a research note on Monday, October 12th. They set an “overweight” rating and a $577.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Linde currently has an average rating of “Buy” and a consensus price target of $547.10.

Linde Stock Up 0.2%

Shares of NASDAQ LIN opened at $508.65 on Wednesday. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The firm’s 50-day moving average is $481.84 and its two-hundred day moving average is $491.36.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, beating the consensus estimate of $4.49 by $0.01. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same quarter in the prior year, the company earned $4.09 earnings per share. The firm’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. As a group, equities analysts predict that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be paid a $1.60 dividend. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%.

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.