NBT Bank N.A. Buys 7,879 Shares of Linde PLC $LIN

NBT Bank N.A. bought a new position in Linde PLC (NASDAQ:LIN) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,879 shares of the basic materials company’s stock, valued at approximately $3,740,000.

A number of other institutional investors have also recently bought and sold shares of LIN. Legacy Wealth Managment LLC ID raised its stake in shares of Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock valued at $28,000 after buying an additional 28 shares in the last quarter. Principia Wealth Advisory LLC lifted its holdings in shares of Linde by 74.2% during the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 23 shares during the period. Marquette Asset Management LLC acquired a new stake in shares of Linde during the 3rd quarter valued at about $29,000. Manning & Napier Advisors LLC boosted its position in shares of Linde by 1,450.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 58 shares in the last quarter. Finally, Polaris Financial Partners acquired a new stake in shares of Linde during the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Ratings Changes

LIN has been the topic of a number of analyst reports. Berenberg Bank reissued a “buy” rating on shares of Linde in a research note on Tuesday, August 4th. Jefferies Financial Group raised their price target on shares of Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Citigroup decreased their price objective on Linde from $580.00 to $560.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. DZ Bank reiterated a “neutral” rating on shares of Linde in a research note on Thursday, August 6th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Linde in a research note on Monday, October 5th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Linde currently has a consensus rating of “Buy” and a consensus price target of $547.10.

Linde Stock Up 2.0%

Shares of NASDAQ LIN opened at $510.36 on Friday. The stock has a market cap of $235.27 billion, a PE ratio of 32.97, a PEG ratio of 2.92 and a beta of 0.71. The business has a fifty day moving average of $480.03 and a two-hundred day moving average of $498.29. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, beating the consensus estimate of $4.49 by $0.01. Linde had a net margin of 20.43% and a return on equity of 20.09%. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter in the previous year, the company earned $4.09 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. 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 company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors 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 dividend payout ratio (DPR) is currently 41.34%.

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.