20,745 Shares in Linde PLC $LIN Bought by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. bought a new stake in Linde PLC (NASDAQ:LIN) in the 3rd quarter, Holdings Channel.com reports. The fund bought 20,745 shares of the basic materials company’s stock, valued at approximately $9,847,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp raised its position in 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 during the period. Invesco Ltd. lifted its stake in 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 in the last quarter. Amundi boosted its position in shares of 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 during the period. Dimensional Fund Advisors LP boosted its position in shares of 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 during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Linde by 28.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,624,728 shares of the basic materials company’s stock valued at $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.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LIN shares. Royal Bank Of Canada cut their price objective on Linde from $553.00 to $549.00 and set an “outperform” rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on Linde from $580.00 to $575.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Citigroup dropped their target price on Linde from $580.00 to $560.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Argus dropped their target price on Linde from $563.00 to $538.00 and set a “buy” rating for the company in a research report on Monday, September 28th. Finally, Weiss Ratings upgraded 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 given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Linde presently has a consensus rating of “Buy” and a consensus price target of $547.10.

Linde Stock Up 1.1%

Linde stock traded up $5.21 during mid-day trading on Friday, reaching $498.43. 2,036,737 shares of the company’s stock were exchanged, compared to its average volume of 2,231,874. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. Linde PLC has a twelve month low of $387.78 and a twelve month high of $548.20. The company has a market cap of $229.77 billion, a P/E ratio of 32.20, a P/E/G ratio of 2.88 and a beta of 0.71. The company has a fifty day moving average of $478.52 and a 200-day moving average of $498.15.

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 the consensus estimate of $4.49 by $0.01. The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous 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. Sell-side analysts expect that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a $1.60 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is 41.34%.

Linde News Roundup

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 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.