Linde PLC $LIN Stock: Goelzer Investment Management Inc. Raises Holdings

Goelzer Investment Management Inc. lifted its position in shares of Linde PLC (NASDAQ:LIN) by 304.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,555 shares of the basic materials company’s stock after purchasing an additional 3,430 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Linde were worth $2,162,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of LIN. Annex Advisory Services LLC bought a new position in shares of Linde in the third quarter valued at approximately $2,187,000. Sustainable Growth Advisers LP purchased a new stake in Linde during the third quarter worth about $72,006,000. Activest Wealth Management increased its stake in shares of Linde by 29.9% during the 3rd quarter. Activest Wealth Management now owns 113 shares of the basic materials company’s stock worth $54,000 after purchasing an additional 26 shares during the last quarter. Guyasuta Investment Advisors Inc. purchased a new position in Linde in the third quarter valued at approximately $43,110,000. Finally, Whitener Capital Management Inc. bought a new position in Linde during the third quarter valued at $1,876,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Berenberg Bank restated a “buy” rating on shares of Linde in a research note on Tuesday, August 4th. Evercore lifted their price target on Linde from $515.00 to $525.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. KeyCorp initiated coverage on Linde in a research report on Thursday, September 10th. They set an “overweight” rating and a $542.00 price target on the stock. Finally, Bank of America boosted their price target on shares of Linde from $532.00 to $550.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $547.10.

Linde News Summary

Here are the key news stories impacting Linde this week:

• Positive Sentiment: Barclays turned bullish on Linde. The firm initiated coverage with an “overweight” rating, adding to recent positive sentiment around Linde’s earnings durability, pricing power and exposure to long-term industrial and technology demand. Barclays initiates coverage of Linde at overweight
• Positive Sentiment: Linde is expanding its carbon-capture business in Sweden. The company plans to build a facility capable of capturing 200,000 tonnes of CO2 annually at a waste-to-energy site, reinforcing its position in industrial decarbonization and potentially expanding its project pipeline. Linde to build 200,000-tonne CO2 capture plant at Swedish waste-to-energy facility
• Positive Sentiment: Linde’s Taiwan affiliate is pursuing hydrogen infrastructure growth. Linde LienHwa is developing hydrogen-as-a-service and refueling solutions, which could create longer-term revenue opportunities as Taiwan increases hydrogen adoption. Linde LienHwa tackles hydrogen transport dilemma with HaaS Interview: Linde LienHwa fuels Taiwan’s hydrogen push
• Neutral Sentiment: RBC remains constructive but lowered its target. Royal Bank of Canada cut its price target from $553 to $549 while retaining an “outperform” rating, suggesting continued confidence but slightly less near-term upside.
• Negative Sentiment: Valuation is becoming a concern. Commentary that Linde appears fully valued on current earnings could weigh on the stock, particularly given its elevated earnings multiple and the need for continued earnings growth to justify further appreciation. Linde Stock Looks Fully Valued On Current Earnings

Linde Stock Up 1.1%

Shares of NASDAQ:LIN opened at $498.43 on Friday. The stock’s 50-day moving average is $478.52 and its 200 day moving average is $498.15. The company has a market cap of $229.77 billion, a PE ratio of 32.20, a P/E/G ratio of 2.88 and a beta of 0.71. 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 1 year low of $387.78 and a 1 year high of $548.20.

Linde (NASDAQ:LIN) last announced its earnings results 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. Linde had a return on equity of 20.09% and a net margin of 20.43%. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. Sell-side analysts anticipate that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

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

Linde 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.