Legacy Private Trust Co. Acquires New Holdings in Linde PLC $LIN

Legacy Private Trust Co. bought a new position in shares of Linde PLC (NASDAQ:LIN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,097 shares of the basic materials company’s stock, valued at approximately $5,267,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its position in shares of Linde by 177.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,263,064 shares of the basic materials company’s stock worth $538,558,000 after purchasing an additional 807,370 shares during the last quarter. Hikari Power Ltd purchased a new position in Linde in the 2nd quarter worth approximately $20,965,000. Sit Investment Associates Inc. increased its holdings in shares of Linde by 18.2% in the 4th quarter. Sit Investment Associates Inc. now owns 45,548 shares of the basic materials company’s stock worth $19,421,000 after buying an additional 7,025 shares during the last quarter. First Financial Bank Trust Division purchased a new stake in shares of Linde during the 3rd quarter valued at $4,034,000. Finally, Van Lanschot Kempen Investment Management N.V. grew its position in Linde by 59.2% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 60,493 shares of the basic materials company’s stock worth $25,794,000 after acquiring an additional 22,504 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on LIN. Evercore raised their price target on Linde from $515.00 to $525.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Jefferies Financial Group increased their price objective on Linde from $535.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Argus decreased their price objective on Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a report on Monday, September 28th. Citigroup cut their target price on Linde from $600.00 to $580.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Linde in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $546.80.

Linde Trading Up 1.8%

LIN stock traded up $8.75 during trading on Tuesday, hitting $491.13. 1,179,585 shares of the company traded hands, compared to its average volume of 2,333,033. The company has a 50-day moving average of $479.37 and a 200-day moving average of $498.14. 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 PLC has a 1 year low of $387.78 and a 1 year high of $548.20. The firm has a market capitalization of $226.40 billion, a PE ratio of 31.71, a P/E/G ratio of 2.80 and a beta of 0.71.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%.The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same period in the previous year, the firm earned $4.09 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. Analysts predict that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

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 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, September 3rd. Linde’s dividend payout ratio is currently 41.34%.

Linde Profile

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company that supplies gases, related equipment and process technologies to customers in healthcare, manufacturing, chemicals, energy, food and beverage, electronics, and other industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide and specialty gases.

The company provides gases through on-site production facilities, pipelines, bulk deliveries and packaged cylinders. It also designs and builds industrial gas plants and offers technologies and services for applications such as hydrogen production, carbon capture, clean energy, semiconductor manufacturing, metal fabrication and medical care.

Linde traces its history to 1879, when German engineer Carl von Linde developed refrigeration and gas-related technologies.