Park Avenue Securities LLC Buys 22,181 Shares of Linde PLC $LIN

Park Avenue Securities LLC bought a new stake in Linde PLC (NASDAQ:LIN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,181 shares of the basic materials company’s stock, valued at approximately $10,528,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Atwood & Palmer Inc. lifted its position in Linde by 12.9% during the 2nd quarter. Atwood & Palmer Inc. now owns 175 shares of the basic materials company’s stock worth $91,000 after buying an additional 20 shares in the last quarter. Valmark Advisers Inc. increased its position in Linde by 0.5% in the 1st quarter. Valmark Advisers Inc. now owns 4,159 shares of the basic materials company’s stock valued at $2,062,000 after acquiring an additional 22 shares in the last quarter. Ellenbecker Investment Group increased its position in Linde by 3.7% in the 1st quarter. Ellenbecker Investment Group now owns 652 shares of the basic materials company’s stock valued at $323,000 after acquiring an additional 23 shares in the last quarter. Principia Wealth Advisory LLC increased its position in Linde by 74.2% in the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 23 shares in the last quarter. Finally, Towercrest Capital Management increased its position in Linde by 2.8% in the 3rd quarter. Towercrest Capital Management now owns 918 shares of the basic materials company’s stock valued at $436,000 after acquiring an additional 25 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LIN shares. Citigroup dropped their target price on shares of Linde from $580.00 to $560.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. KeyCorp began coverage on shares of Linde in a research note on Thursday, September 10th. They set an “overweight” rating and a $542.00 price target on the stock. Argus decreased their price target on shares of Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a research note on Monday, September 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a report on Monday, October 19th. Finally, Evercore raised their price target on shares of Linde from $515.00 to $525.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Linde has an average rating of “Buy” and a consensus target price of $547.10.

Linde Stock Up 0.2%

Shares of 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 stock’s fifty day simple moving average is $481.84 and its 200-day simple moving average is $491.36.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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. Linde’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.09 EPS. 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, sell-side analysts predict that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be issued a dividend of $1.60 per share. The ex-dividend date 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.