New England Research & Management Inc. Acquires 1,700 Shares of Linde PLC $LIN

New England Research & Management Inc. bought a new position in Linde PLC (NASDAQ:LIN) during the third quarter, HoldingsChannel.com reports. The fund bought 1,700 shares of the basic materials company’s stock, valued at approximately $807,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LIN. Legacy Wealth Managment LLC ID boosted its stake in shares of Linde by 96.6% during the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 28 shares during the period. Principia Wealth Advisory LLC grew its holdings in shares of Linde by 74.2% in the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 23 shares during the last quarter. Marquette Asset Management LLC bought a new position in shares of Linde in the third quarter worth about $29,000. Manning & Napier Advisors LLC increased its stake in Linde by 1,450.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock worth $31,000 after buying an additional 58 shares during the period. Finally, Polaris Financial Partners purchased a new position in Linde in the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Up 1.1%

Shares of LIN stock traded up $5.21 during mid-day trading on Friday, hitting $498.43. The stock had a trading volume of 2,036,737 shares, compared to its average volume of 2,231,874. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. The firm’s 50-day moving average is $478.52 and its two-hundred day moving average is $498.15. 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.

Linde (NASDAQ:LIN) last announced 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 firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.09 earnings per share. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. On average, analysts predict that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LIN. Citigroup decreased their price objective on shares of Linde from $580.00 to $560.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. Evercore upped their target price on shares of Linde from $515.00 to $525.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Sanford C. Bernstein restated an “outperform” rating on shares of Linde in a research note on Monday, October 5th. KeyCorp initiated coverage on shares of Linde in a research report on Thursday, September 10th. They set an “overweight” rating and a $542.00 target price on the stock. Finally, Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $547.10.

Key Headlines Impacting 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

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.