Ledyard National Bank Purchases 4,967 Shares of Linde PLC $LIN

by · The Markets Daily

Ledyard National Bank acquired a new position in Linde PLC (NASDAQ:LIN – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,967 shares of the basic materials company’s stock, valued at approximately $2,358,000.

A number of other institutional investors have also recently made changes to their positions in the business. Principia Wealth Advisory LLC raised its stake in Linde by 74.2% in the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after buying an additional 23 shares during the last quarter. Legacy Wealth Managment LLC ID boosted its holdings in Linde by 96.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 28 shares in the last quarter. Manning & Napier Advisors LLC boosted its holdings in Linde by 1,450.0% in the first quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 58 shares in the last quarter. Marquette Asset Management LLC purchased a new stake in shares of Linde during the third quarter worth about $29,000. Finally, Polaris Financial Partners purchased a new stake in shares of Linde during the third quarter worth about $31,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Up 2.0%

NASDAQ LIN opened at $510.36 on Friday. Linde PLC has a 1 year low of $387.78 and a 1 year high of $548.20. 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 company has a market capitalization of $235.27 billion, a PE ratio of 32.97, a P/E/G ratio of 2.92 and a beta of 0.71. The company has a fifty day moving average of $480.03 and a 200 day moving average of $498.29.

Linde (NASDAQ:LIN – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share 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 return on equity of 20.09% and a net margin of 20.43%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $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. Research analysts forecast that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

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

Wall Street Analyst Weigh In

LIN has been the topic of several recent analyst reports. Jefferies Financial Group upped their price objective on shares of Linde from $535.00 to $560.00 and gave the company a “buy” rating in a report on Monday, August 3rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Linde in a research report on Thursday, October 8th. DZ Bank reiterated a “neutral” rating on shares of Linde in a research note on Thursday, August 6th. Evercore boosted their target price on shares of Linde from $515.00 to $525.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Finally, KeyCorp began coverage on shares of Linde in a research report on Thursday, September 10th. They set an “overweight” rating and a $542.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $547.10.

Get Our Latest Report on Linde

Linde Company Profile

(Free Report)

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.

See Also

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