Linde PLC $LIN Shares Newly Bought by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. purchased a new position in shares of Linde PLC (NASDAQ:LIN) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 20,745 shares of the basic materials company’s stock, valued at approximately $9,847,000.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp grew its position in shares of Linde by 3.7% in the second 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 in the last quarter. Invesco Ltd. increased its holdings in shares of Linde by 26.0% in the fourth 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 during the last quarter. Amundi lifted its position in Linde by 13.4% during the first quarter. Amundi now owns 3,162,409 shares of the basic materials company’s stock worth $1,567,796,000 after buying an additional 373,012 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Linde by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company’s stock worth $1,358,712,000 after buying an additional 64,078 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Linde by 28.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,624,728 shares of the basic materials company’s stock worth $805,475,000 after buying an additional 361,664 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on LIN shares. Argus dropped their target price on Linde from $563.00 to $538.00 and set a “buy” rating for the company in a report on Monday, September 28th. Citigroup cut their target price on Linde from $580.00 to $560.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Jefferies Financial Group lifted their price target on Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. UBS Group lowered their price target on shares of Linde from $612.00 to $574.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Finally, DZ Bank reissued a “neutral” rating on shares of Linde in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Linde has an average rating of “Buy” and an average price target of $547.10.

Trending Headlines about Linde

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 Trading Up 1.1%

Shares of LIN stock traded up $5.21 during trading on Friday, hitting $498.43. 2,036,737 shares of the stock traded hands, compared to its average volume of 2,231,874. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The firm has a market capitalization of $229.77 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 2.88 and a beta of 0.71. The firm’s fifty day moving average price is $478.52 and its 200-day moving average price is $498.15. 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 (NASDAQ:LIN) last issued its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $9.02 billion. During the same period in the prior year, the business posted $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, research analysts forecast that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently declared 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 was Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s dividend payout ratio is currently 41.34%.

About Linde

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.