Linde PLC $LIN Shares Bought by M&T Bank Corp

M&T Bank Corp raised its position in Linde PLC (NASDAQ:LIN) by 585.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 368,104 shares of the basic materials company’s stock after acquiring an additional 314,385 shares during the quarter. M&T Bank Corp’s holdings in Linde were worth $156,956,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Binnacle Investments Inc boosted its holdings in Linde by 10.2% in the 2nd quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock worth $111,000 after buying an additional 22 shares during the last quarter. Trust Co. of Vermont lifted its stake in Linde by 0.3% in the 3rd quarter. Trust Co. of Vermont now owns 8,571 shares of the basic materials company’s stock worth $4,071,000 after purchasing an additional 23 shares in the last quarter. Baldwin Wealth Partners LLC MA lifted its stake in Linde by 3.3% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company’s stock worth $303,000 after purchasing an additional 23 shares in the last quarter. Mayport LLC lifted its stake in Linde by 4.8% in the 4th quarter. Mayport LLC now owns 504 shares of the basic materials company’s stock worth $215,000 after purchasing an additional 23 shares in the last quarter. Finally, Hanson & Doremus Investment Management lifted its stake in Linde by 24.5% in the 3rd quarter. Hanson & Doremus Investment Management now owns 122 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 24 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LIN has been the topic of a number of research reports. Morgan Stanley reissued an “overweight” rating and issued a $530.00 target price on shares of Linde in a research note on Friday, February 6th. UBS Group raised their target price on shares of Linde from $550.00 to $579.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Citigroup raised their target price on shares of Linde from $545.00 to $580.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Mizuho set a $525.00 target price on shares of Linde in a research note on Friday, February 6th. Finally, Seaport Research Partners raised their target price on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $521.60.

Linde Stock Down 0.7%

LIN stock opened at $494.84 on Wednesday. The firm has a market cap of $229.30 billion, a PE ratio of 33.92, a PEG ratio of 3.27 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.74 and a current ratio of 0.88. The firm’s 50 day moving average price is $493.33 and its 200-day moving average price is $453.91. Linde PLC has a one year low of $387.78 and a one year high of $510.65.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 5th. The basic materials company reported $4.20 EPS for the quarter, beating the consensus estimate of $4.18 by $0.02. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.64 billion. Linde had a net margin of 20.30% and a return on equity of 19.52%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.97 EPS. Linde has set its Q1 2026 guidance at 4.200-4.300 EPS and its FY 2026 guidance at 17.400-17.900 EPS. On average, equities research analysts anticipate that Linde PLC will post 17.8 EPS for the current year.

Linde Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Wednesday, March 11th were given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, March 11th. This is a boost from Linde’s previous quarterly dividend of $1.50. Linde’s dividend payout ratio is presently 43.87%.

Insider Activity at Linde

In other news, EVP Sean Durbin sold 6,520 shares of Linde stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the sale, the executive vice president owned 8,151 shares of the company’s stock, valued at approximately $3,890,227.77. The trade was a 44.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Guillermo Bichara sold 4,357 shares of Linde stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $480.79, for a total transaction of $2,094,802.03. Following the sale, the vice president directly owned 22,138 shares in the company, valued at approximately $10,643,729.02. The trade was a 16.44% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 20,332 shares of company stock worth $9,749,257. Corporate insiders own 0.70% of the company’s stock.

Linde 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.