Linde PLC $LIN Shares Newly Purchased by SYM FINANCIAL Corp

SYM FINANCIAL Corp bought a new stake in Linde PLC (NASDAQ:LIN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,607 shares of the basic materials company’s stock, valued at approximately $763,000.

Other hedge funds have also recently made changes to their positions in the company. Sanders Morris Harris LLC bought a new stake in Linde during the 3rd quarter worth approximately $847,000. Carderock Capital Management Inc. acquired a new position in Linde in the 3rd quarter valued at approximately $7,498,000. First Financial Bank Trust Division bought a new position in shares of Linde during the third quarter valued at $4,034,000. Birch Hill Investment Advisors LLC bought a new position in shares of Linde during the third quarter valued at $1,875,000. Finally, Hikari Power Ltd bought a new position in shares of Linde during the second quarter valued at $20,965,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Performance

Linde stock opened at $508.65 on Wednesday. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The firm has a 50 day moving average price of $481.84 and a two-hundred day moving average price of $491.36.

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

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors 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 1.3%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LIN shares. Argus cut their price target on shares of Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a report on Monday, September 28th. KeyCorp started coverage on Linde in a report on Thursday, September 10th. They issued an “overweight” rating and a $542.00 price objective for the company. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a report on Monday, October 19th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Linde in a research report on Monday, October 5th. Finally, Bank of America raised their target price on Linde from $532.00 to $550.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $547.10.

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.