NBT Bank N A NY Buys 43 Shares of Linde PLC $LIN

NBT Bank N A NY grew its stake in shares of Linde PLC (NASDAQ:LIN) by 0.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,589 shares of the basic materials company’s stock after buying an additional 43 shares during the quarter. NBT Bank N A NY’s holdings in Linde were worth $4,030,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Breakwater Capital Group grew its stake in shares of Linde by 2.3% during the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock worth $460,000 after buying an additional 22 shares during the last quarter. Canopy Partners LLC lifted its holdings in shares of Linde by 2.9% during the second quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock worth $370,000 after purchasing an additional 22 shares during the period. Strategy Asset Managers LLC lifted its holdings in shares of Linde by 2.8% during the first quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock worth $388,000 after purchasing an additional 23 shares during the period. Diversify Advisory Services LLC lifted its holdings in shares of Linde by 2.5% during the first quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company’s stock worth $450,000 after purchasing an additional 24 shares during the period. Finally, IFP Advisors Inc lifted its holdings in shares of Linde by 0.8% during the first quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company’s stock worth $1,493,000 after purchasing an additional 24 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ LIN opened at $470.37 on Wednesday. The firm’s 50-day moving average price is $474.57 and its 200-day moving average price is $464.50. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49. The firm has a market capitalization of $220.56 billion, a P/E ratio of 33.45, a P/E/G ratio of 3.09 and a beta of 0.93. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same quarter in the prior year, the business earned $3.85 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Equities research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a dividend of $1.50 per share. The ex-dividend date was Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. Linde’s dividend payout ratio is currently 42.67%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group cut their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday. Royal Bank Of Canada assumed coverage on shares of Linde in a report on Friday, June 13th. They set an “outperform” rating and a $576.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a report on Saturday, September 27th. Finally, Citigroup boosted their target price on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $520.00.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the transaction, the director owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Linde Company Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.