Linde PLC $LIN Shares Newly Bought by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Linde PLC (NASDAQ:LIN) in the third quarter, Holdings Channel reports. The fund bought 3,502 shares of the basic materials company’s stock, valued at approximately $1,662,000.

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

Linde Stock Performance

Shares of Linde stock opened at $508.83 on Monday. The company’s fifty day simple moving average is $480.55 and its 200-day simple moving average is $498.36. The stock has a market capitalization of $234.56 billion, a PE ratio of 32.87, a P/E/G ratio of 2.97 and a beta of 0.71. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20. 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 posted its quarterly earnings data 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 firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%. Linde’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior 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, equities analysts anticipate that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently commented on LIN. The Goldman Sachs Group set a $580.00 target price on Linde and gave the stock a “buy” rating in a research note on Monday, August 10th. UBS Group reduced 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. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Linde in a research report on Monday, October 5th. Royal Bank Of Canada dropped their price target on shares of Linde from $553.00 to $549.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Finally, KeyCorp assumed coverage on shares of Linde in a research note on Thursday, September 10th. They issued an “overweight” rating and a $542.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Linde has a consensus rating of “Buy” and an average target price of $547.10.

Linde 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.