Penobscot Investment Management Company Inc. Buys 15,519 Shares of Linde PLC $LIN

Penobscot Investment Management Company Inc. bought a new stake in shares of Linde PLC (NASDAQ:LIN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,519 shares of the basic materials company’s stock, valued at approximately $7,366,000.

Several other hedge funds also recently added to or reduced their stakes in LIN. Flossbach Von Storch SE purchased a new stake in Linde in the second quarter valued at about $438,525,000. State Street Corp grew its stake in shares of Linde by 3.7% during the second quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock worth $10,558,016,000 after acquiring an additional 719,052 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Linde by 162.9% during the first quarter. Hsbc Holdings PLC now owns 1,097,110 shares of the basic materials company’s stock worth $543,951,000 after acquiring an additional 679,738 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Linde by 394.8% during the first quarter. Renaissance Technologies LLC now owns 629,820 shares of the basic materials company’s stock valued at $312,240,000 after acquiring an additional 502,520 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Linde by 2,320.1% during the first quarter. Bessemer Group Inc. now owns 464,011 shares of the basic materials company’s stock valued at $230,038,000 after acquiring an additional 444,838 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group decreased their price objective on shares of Linde from $612.00 to $574.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Citigroup cut their price target on shares of Linde from $580.00 to $560.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. The Goldman Sachs Group set a $580.00 price target on shares of Linde and gave the company a “buy” rating in a research note on Monday, August 10th. Argus decreased their price target on shares of Linde from $563.00 to $538.00 and set a “buy” rating for the company in a report on Monday, September 28th. Finally, Jefferies Financial Group lifted their price objective on shares of Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Three 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.com, Linde presently has an average rating of “Buy” and an average target price of $547.10.

Linde Trading Up 0.2%

Shares of NASDAQ:LIN opened at $508.65 on Wednesday. Linde PLC has a twelve month low of $387.78 and a twelve month high of $548.20. The company’s 50 day moving average is $481.84 and its 200 day moving average is $491.36.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.49 by $0.01. The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same period in the prior year, the business posted $4.09 earnings per share. The business’s quarterly revenue 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. As a group, research analysts expect that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Linde Profile

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.