Oppenheimer & Co. Inc. Buys New Position in Linde PLC $LIN

Oppenheimer & Co. Inc. bought a new stake in Linde PLC (NASDAQ:LIN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 22,322 shares of the basic materials company’s stock, valued at approximately $10,595,000.

A number of other institutional investors have also modified their holdings of the stock. Legacy Wealth Managment LLC ID raised 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 worth $28,000 after purchasing an additional 28 shares during the last quarter. Principia Wealth Advisory LLC grew 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 buying an additional 23 shares during the last quarter. Marquette Asset Management LLC purchased a new position in Linde in the 3rd quarter valued at $29,000. Manning & Napier Advisors LLC grew its position 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 valued at $31,000 after buying an additional 58 shares during the last quarter. Finally, Polaris Financial Partners purchased a new position in Linde in the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of LIN stock opened at $508.65 on Wednesday. The stock has a 50 day simple moving average of $481.84 and a 200-day simple moving average of $491.36. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20.

Linde (NASDAQ:LIN) last posted 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 business 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 earned $4.09 earnings per share. The firm’s quarterly revenue 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. Sell-side analysts expect that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be given 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%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LIN shares. Evercore boosted their price objective on shares of Linde from $515.00 to $525.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Linde from $580.00 to $575.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. DZ Bank reaffirmed a “neutral” rating on shares of Linde in a report on Thursday, August 6th. Bank of America lifted their target price on shares of Linde from $532.00 to $550.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Finally, Jefferies Financial Group boosted their price target on shares of Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently 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.