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

NBT Bank N A NY boosted its position in Linde PLC (NASDAQ:LIN) by 0.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,589 shares of the basic materials company’s stock after purchasing an additional 43 shares during the period. 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 institutional investors have also added to or reduced their stakes in the company. Breakwater Capital Group grew its position in Linde by 2.3% in the 2nd quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock worth $460,000 after purchasing an additional 22 shares in the last quarter. Canopy Partners LLC grew its position in Linde by 2.9% in the 2nd quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock worth $370,000 after purchasing an additional 22 shares in the last quarter. Strategy Asset Managers LLC grew its position in Linde by 2.8% in the 1st 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 in the last quarter. Diversify Advisory Services LLC grew its position in Linde by 2.5% in the 1st 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 in the last quarter. Finally, IFP Advisors Inc grew its position in Linde by 0.8% in the 1st 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 in the last quarter. 82.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LIN. Citigroup upped their price objective on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday. UBS Group reduced their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday. JPMorgan Chase & Co. increased their target price on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Royal Bank Of Canada began coverage on shares of Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 target price for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research report on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $520.00.

Insider Buying and Selling

In related news, Director Stephen F. Angel sold 50,309 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the transaction, the director directly owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Linde Stock Up 0.4%

LIN opened at $470.37 on Wednesday. The company has a 50 day moving average of $474.57 and a 200 day moving average of $464.50. The company has a market cap of $220.56 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 3.09 and a beta of 0.93. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. 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 released its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping the consensus estimate of $4.03 by $0.06. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. Linde’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $3.85 EPS. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, sell-side analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is 42.67%.

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.