Trust Co. of Vermont Makes New $4.46 Million Investment in Linde PLC $LIN

Trust Co. of Vermont purchased a new stake in Linde PLC (NASDAQ:LIN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,605 shares of the basic materials company’s stock, valued at approximately $4,465,000.

A number of other institutional investors also recently modified their holdings of LIN. Norges Bank acquired a new stake in Linde in the 4th quarter valued at approximately $3,246,750,000. Auto Owners Insurance Co boosted its position in Linde by 42,539.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,321,809 shares of the basic materials company’s stock worth $56,361,000 after acquiring an additional 1,318,709 shares during the last quarter. Capital International Investors grew its stake in shares of Linde by 20.1% during the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after acquiring an additional 1,275,477 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Linde by 40.2% during the 4th quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock worth $1,680,710,000 after acquiring an additional 1,130,001 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Linde by 26.0% in the fourth quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company’s stock valued at $2,303,494,000 after purchasing an additional 1,114,751 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on LIN. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their price target on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Citigroup cut their price target on shares of Linde from $600.00 to $580.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 price objective on shares of Linde in a research note on Monday, May 4th. Finally, Evercore restated an “outperform” rating and issued a $525.00 price objective on shares of Linde in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $545.38.

Linde Trading Down 1.7%

Shares of Linde stock opened at $474.33 on Tuesday. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20. The stock has a market cap of $218.66 billion, a P/E ratio of 30.64, a P/E/G ratio of 3.04 and a beta of 0.72. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $510.78 and its 200-day moving average is $499.81.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 EPS 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 company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter in the prior year, the firm posted $4.09 EPS. The firm’s revenue for the quarter 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. Equities research analysts predict that Linde PLC will post 17.85 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be paid a $1.60 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is currently 41.34%.

Linde Company Profile

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.