Linde PLC $LIN Shares Sold by Inspire Investing LLC

Inspire Investing LLC reduced its holdings in shares of Linde PLC (NASDAQ:LIN) by 7.2% in the third quarter, Holdings Channel reports. The institutional investor owned 22,801 shares of the basic materials company’s stock after selling 1,770 shares during the period. Inspire Investing LLC’s holdings in Linde were worth $10,822,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Carderock Capital Management Inc. purchased a new stake in Linde in the 3rd quarter valued at about $7,498,000. BIP Wealth LLC boosted its stake in shares of Linde by 1.4% in the 3rd quarter. BIP Wealth LLC now owns 3,408 shares of the basic materials company’s stock worth $1,618,000 after buying an additional 46 shares during the last quarter. Boomfish Wealth Group LLC boosted its stake in shares of Linde by 11.9% in the 3rd quarter. Boomfish Wealth Group LLC now owns 3,245 shares of the basic materials company’s stock worth $1,540,000 after buying an additional 344 shares during the last quarter. MBL Wealth LLC grew its holdings in shares of Linde by 183.3% in the third quarter. MBL Wealth LLC now owns 2,490 shares of the basic materials company’s stock valued at $1,182,000 after acquiring an additional 1,611 shares in the last quarter. Finally, Old North State Wealth Management LLC bought a new position in shares of Linde in the third quarter valued at approximately $1,380,000. 82.80% of the stock is owned by institutional investors.

Linde Trading Down 0.3%

Shares of NASDAQ LIN opened at $508.83 on Friday. The firm has a 50-day moving average of $480.55 and a 200 day moving average of $498.37. Linde PLC has a 1 year low of $387.78 and a 1 year high of $548.20. The stock has a market cap of $234.56 billion, a P/E ratio of 32.87, a price-to-earnings-growth ratio of 2.98 and a beta of 0.71. 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 (NASDAQ:LIN) last announced its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.49 by $0.01. The company had revenue of $9.29 billion for 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%. Linde’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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 expect that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LIN. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Linde in a research report on Monday, October 5th. Citigroup cut their price target on Linde from $580.00 to $560.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. UBS Group cut their price target on Linde from $612.00 to $574.00 and set a “buy” rating for the company in a report on Monday, October 5th. KeyCorp initiated coverage on shares of Linde in a report on Thursday, September 10th. They issued an “overweight” rating and a $542.00 price target for the company. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Linde in a research note on Thursday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Linde currently has a consensus rating of “Buy” and a consensus target price of $547.10.

Linde Company Profile

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.