NBT Bank N.A. Makes New Investment in Linde PLC $LIN

NBT Bank N.A. purchased a new stake in shares of Linde PLC (NASDAQ:LIN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,879 shares of the basic materials company’s stock, valued at approximately $3,740,000.

Other hedge funds also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Linde by 3.7% in the second quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock worth $10,558,016,000 after purchasing an additional 719,052 shares during the period. Amundi lifted its position in shares of Linde by 13.4% during the 1st quarter. Amundi now owns 3,162,409 shares of the basic materials company’s stock worth $1,567,796,000 after purchasing an additional 373,012 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Linde by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company’s stock worth $1,358,712,000 after purchasing an additional 64,078 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Linde by 28.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,624,728 shares of the basic materials company’s stock valued at $805,475,000 after purchasing an additional 361,664 shares during the period. Finally, Swiss National Bank boosted its stake in Linde by 6.6% during the 1st quarter. Swiss National Bank now owns 1,370,361 shares of the basic materials company’s stock valued at $679,370,000 after purchasing an additional 85,360 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Performance

NASDAQ LIN opened at $510.36 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. The firm has a market capitalization of $235.27 billion, a price-to-earnings ratio of 32.97, a P/E/G ratio of 2.92 and a beta of 0.71. The company’s fifty day moving average is $480.03 and its two-hundred day moving average is $498.29. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.01. The company had revenue of $9.29 billion for 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 business’s 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 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. Equities research analysts forecast that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is 41.34%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LIN shares. The Goldman Sachs Group set a $580.00 target price on Linde and gave the company a “buy” rating in a report on Monday, August 10th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Linde in a research report on Thursday, October 8th. Berenberg Bank reiterated a “buy” rating on shares of Linde in a report on Tuesday, August 4th. DZ Bank reiterated a “neutral” rating on shares of Linde in a report on Thursday, August 6th. Finally, Evercore increased their price objective on Linde from $515.00 to $525.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Three research 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $547.10.

About Linde

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.