244,948 Shares in Linde PLC $LIN Bought by Montrusco Bolton Investments Inc.

by · The Cerbat Gem

Montrusco Bolton Investments Inc. bought a new stake in shares of Linde PLC (NASDAQ:LIN – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 244,948 shares of the basic materials company’s stock, valued at approximately $116,265,000. Linde comprises about 1.9% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 20th largest position. Montrusco Bolton Investments Inc. owned about 0.05% of Linde at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LIN. State Street Corp lifted its stake in Linde by 3.7% during the 2nd quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock valued at $10,558,016,000 after acquiring an additional 719,052 shares in the last quarter. Invesco Ltd. grew its stake in shares of Linde by 26.0% in the 4th quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company’s stock worth $2,303,494,000 after acquiring an additional 1,114,751 shares in the last quarter. Amundi raised its holdings in shares of Linde by 13.4% in the first quarter. Amundi now owns 3,162,409 shares of the basic materials company’s stock valued at $1,567,796,000 after purchasing an additional 373,012 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Linde by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company’s stock valued at $1,358,712,000 after purchasing an additional 64,078 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Linde by 18.0% during the fourth quarter. Royal Bank of Canada now owns 2,250,532 shares of the basic materials company’s stock valued at $959,605,000 after purchasing an additional 343,161 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LIN shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Linde from $580.00 to $575.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. UBS Group decreased their price objective on shares of Linde from $612.00 to $574.00 and set a “buy” rating for the company in a research note on Monday, October 5th. DZ Bank reissued a “neutral” rating on shares of Linde in a research report on Thursday, August 6th. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Finally, KeyCorp initiated coverage on Linde in a research note on Thursday, September 10th. They issued an “overweight” rating and a $542.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Linde presently has a consensus rating of “Buy” and an average target price of $547.29.

View Our Latest Stock Analysis on LIN

Linde Stock Performance

Shares of NASDAQ:LIN traded up $4.76 during mid-day trading on Tuesday, reaching $492.11. The company had a trading volume of 1,394,113 shares, compared to its average volume of 2,327,269. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. The firm has a market cap of $226.85 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 2.82 and a beta of 0.71. The company’s 50-day moving average price is $478.25 and its 200-day moving average price is $498.15. Linde PLC has a one year low of $387.78 and a one year high of $548.20.

Linde (NASDAQ:LIN – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $9.02 billion. During the same period in the prior year, the company earned $4.09 earnings per share. Linde’s revenue 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 anticipate that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 3rd. Linde’s dividend payout ratio is currently 41.34%.

Linde Profile

(Free Report)

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.

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