3,533 Shares of Linde PLC $LIN Purchased by Canandaigua National Bank & Trust Co.

Key Points

• Canandaigua National Bank & Trust Co. acquired 3,533 Linde shares worth approximately $1.68 million, while institutional investors collectively own 82.8% of the company.
• Linde reported quarterly EPS of $4.50 on $9.29 billion in revenue, exceeding analyst expectations, with revenue up 9.3% year over year. Management guided for fiscal 2026 EPS of $17.70–$17.90.
• The stock recently traded at $483.98, down 1.2%, while analysts maintained a consensus “Buy” rating with an average price target of $545.80. Linde also pays a quarterly dividend of $1.60, or $6.40 annually, yielding about 1.3%.

Canandaigua National Bank & Trust Co. acquired a new stake in Linde PLC (NASDAQ:LIN - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,533 shares of the basic materials company's stock, valued at approximately $1,677,000.

A number of other institutional investors have also bought and sold shares of LIN. State Street Corp grew its holdings in shares of Linde by 3.7% in the second quarter. State Street Corp now owns 20,344,181 shares of the basic materials company's stock valued at $10,558,016,000 after purchasing an additional 719,052 shares during the period. Invesco Ltd. increased its position in Linde by 26.0% during the fourth quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company's stock worth $2,303,494,000 after purchasing an additional 1,114,751 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Linde by 27.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,207,374 shares of the basic materials company's stock worth $1,793,982,000 after purchasing an additional 912,025 shares during the period. Deutsche Bank AG boosted its holdings in Linde by 40.2% in the 4th quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company's stock valued at $1,680,710,000 after purchasing an additional 1,130,001 shares during the last quarter. Finally, Amundi boosted its holdings in Linde by 13.4% in the 1st 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. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Stock Down 1.2%

Shares of NASDAQ LIN opened at $483.98 on Thursday. The stock has a market cap of $223.11 billion, a P/E ratio of 31.26, a PEG ratio of 2.86 and a beta of 0.71. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The business's fifty day simple moving average is $478.40 and its 200-day simple moving average is $498.11.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.49 by $0.01. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%.Linde's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $4.09 earnings per share. 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 analysts predict 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. Investors 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 yield of 1.3%. Linde's payout ratio is currently 41.34%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings raised shares of Linde from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 21st. Royal Bank Of Canada cut their target price on Linde from $576.00 to $553.00 and set an "outperform" rating for the company in a research note on Monday, August 3rd. KeyCorp started coverage on Linde in a research report on Thursday, September 10th. They issued an "overweight" rating and a $542.00 target price on the stock. BMO Capital Markets decreased their price target on Linde from $560.00 to $546.00 and set an "outperform" rating on the stock in a research note on Monday, August 10th. Finally, Berenberg Bank reissued a "buy" rating on shares of Linde in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $545.80.

About Linde

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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