Busey Bank Buys 46,056 Shares of Linde PLC $LIN

Busey Bank acquired a new position in Linde PLC (NASDAQ:LIN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 46,056 shares of the basic materials company’s stock, valued at approximately $21,861,000.

Several other large investors have also recently bought and sold shares of LIN. Atwood & Palmer Inc. raised its position in shares of Linde by 12.9% during the second quarter. Atwood & Palmer Inc. now owns 175 shares of the basic materials company’s stock valued at $91,000 after buying an additional 20 shares during the last quarter. Valmark Advisers Inc. raised its stake in Linde by 0.5% during the first quarter. Valmark Advisers Inc. now owns 4,159 shares of the basic materials company’s stock worth $2,062,000 after acquiring an additional 22 shares in the last quarter. Ellenbecker Investment Group increased its position in shares of Linde by 3.7% during the 1st quarter. Ellenbecker Investment Group now owns 652 shares of the basic materials company’s stock worth $323,000 after purchasing an additional 23 shares in the last quarter. Principia Wealth Advisory LLC increased its holdings in shares of Linde by 74.2% during the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock worth $28,000 after buying an additional 23 shares in the last quarter. Finally, Towercrest Capital Management raised its position in Linde by 2.8% in the 3rd quarter. Towercrest Capital Management now owns 918 shares of the basic materials company’s stock valued at $436,000 after purchasing an additional 25 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on LIN shares. Citigroup lowered their price target on shares of Linde from $580.00 to $560.00 and set a “buy” rating for the company in a report on Wednesday, October 7th. UBS Group reduced their price objective on shares of Linde from $612.00 to $574.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on Linde from $580.00 to $575.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Berenberg Bank reaffirmed a “buy” rating on shares of Linde in a research note on Tuesday, August 4th. Finally, Barclays began coverage on shares of Linde in a research note on Monday, October 12th. They issued an “overweight” rating and a $577.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Linde has an average rating of “Buy” and an average price target of $547.10.

Linde Stock Performance

Linde stock opened at $508.65 on Wednesday. The stock’s fifty day moving average price is $481.84 and its two-hundred day moving average price is $491.36. Linde PLC has a one year low of $387.78 and a one year high of $548.20.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.01. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same period last year, the company posted $4.09 EPS. The business’s revenue was up 9.3% on a year-over-year basis. 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 forecast that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, December 3rd.

About Linde

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.