Davis Rea LTD. Makes New Investment in Linde PLC $LIN

Davis Rea LTD. bought a new stake in Linde PLC (NASDAQ:LIN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,723 shares of the basic materials company’s stock, valued at approximately $5,090,000. Linde comprises approximately 1.5% of Davis Rea LTD.’s investment portfolio, making the stock its 21st biggest position.

A number of other large investors have also added to or reduced their stakes in the business. State Street Corp grew its holdings in Linde by 3.7% during the 2nd quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock worth $10,558,016,000 after acquiring an additional 719,052 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Linde by 26.0% during the fourth quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company’s stock worth $2,303,494,000 after purchasing an additional 1,114,751 shares during the period. Amundi grew its stake in shares of Linde by 13.4% in the first quarter. Amundi now owns 3,162,409 shares of the basic materials company’s stock worth $1,567,796,000 after purchasing an additional 373,012 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Linde by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company’s stock valued at $1,358,712,000 after buying an additional 64,078 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Linde by 18.0% during the 4th quarter. Royal Bank of Canada now owns 2,250,532 shares of the basic materials company’s stock valued at $959,605,000 after purchasing an additional 343,161 shares during the period. Institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of recent analyst reports. DZ Bank reissued a “neutral” rating on shares of Linde in a research report on Thursday, August 6th. Royal Bank Of Canada dropped their price objective on Linde from $576.00 to $553.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. BMO Capital Markets restated an “outperform” rating on shares of Linde in a research report on Thursday, October 8th. Evercore raised their target price on Linde from $515.00 to $525.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $547.29.

Linde Stock Up 1.0%

Shares of Linde stock traded up $4.76 during trading on Tuesday, reaching $492.11. 1,394,113 shares of the company traded hands, compared to its average volume of 2,327,269. 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. The company has a 50 day moving average price of $478.25 and a 200-day moving average price of $498.15. The firm has a market capitalization of $226.85 billion, a PE ratio of 31.79, a P/E/G ratio of 2.82 and a beta of 0.71.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.01. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the company 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. As a group, equities research analysts expect that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 3rd. Linde’s dividend payout ratio is 41.34%.

Linde Company 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.