$LIN

Linde plc (LIN) has a Q2 2026 project backlog of $11 billion, with $8.1 billion for gas projects. It trades at a forward P/E of 25x, with consensus forecasts expecting $19.58 adjusted EPS in 2027. The company's long-term contracts and capital discipline are key to its valuation. Rising gas sales and project startups support earnings growth, but capital requirements and project execution risks are noted.

Capital Group Dividend Value ETF (CGDV) increased positions in Comcast (CMCSA), Linde (LIN), and AbbVie (ABBV) on Oct. 19, with buys totaling $96.6M, $51.7M, and $31.4M respectively. The fund also sold shares of Royal Caribbean (RCL), Meta (META), and Micron (MU). CGDV manages $39.67B and focuses on large-cap U.S. income stocks.

Linde has doubled its on-site capacity for Tata Steel by reactivating two air separation units in India, enabling Tata Steel to increase production from 3M to 8M tons annually. The expansion supports regional industrial gas demand and highlights Linde's role in steelmaking, according to the company.

Lindian Resources (LIN) reports that construction and mining at its Kangankunde project in Malawi are on track, with first monazite concentrate production expected in December 2026. Key equipment is installed, electrical work is progressing, and ore inventories are growing.

Clinton Township, PA, is facing a legal battle with Linde Corp after rejecting its $6B data center proposal. The township received two complaints, challenging a land ordinance amendment and the denial of the application. Linde seeks a quick judgment, while the township plans to defend its decision, with the case potentially lasting over a year. The town is also considering funding options for legal costs.

Waste Connections (WCN) raised prices 5.6% in Q2, expanding EBITDA margins despite volume decline. Ecolab (ECL) saw 5% organic sales growth, driven by pricing. Grainger (GWW) maintained margins with 4% pricing. ADP (ADP) reported 130 bps revenue growth from pricing. Linde (LIN) increased prices 2%, with record backlog. All maintained dividends through downturns.

Congressman Kevin Hern sold shares in Chevron (CVX), Chubb (CB), Devon Energy (DVN), and other companies, according to a congressional trade report. Chevron shares are up 47% year-to-date, with a 3.27% dividend yield and a P/E ratio of 21.34. Analysts have revised earnings upwards for the company. Hern also bought government securities.

ClearBridge International Growth ADR Strategy underperformed its benchmarks in Q3. Positive contributions came from three of its 10 invested sectors. The strategy added Linde and Techtronic Industries to its portfolio.

Analysts made several rating changes: UBS initiated TechnipFMC as buy, Benchmark initiated SoFi as buy with a $25 target, Barclays initiated Linde as overweight, and more. KeyBanc upgraded American Power to overweight, Gordon Haskett upgraded Ollie's to buy, and Barclays upgraded Viking Holdings to overweight with a $102 target. Piper Sandler upgraded VF Corp to overweight, Citi upgraded Galaxy to buy, and Deutsche Bank initiated Wintrust Financial as buy.

Linde plc's Senior VP, APAC, filed an initial statement of beneficial ownership, reporting direct ownership of 4,816.906 ordinary shares. The filing includes details of various restricted stock units and options that will vest between 2027 and 2029. Linde is a global industrial gases and engineering company.