Montrusco Bolton Investments Inc. Purchases New Stake in Linde PLC $LIN

Montrusco Bolton Investments Inc. purchased a new stake in shares of Linde PLC (NASDAQ:LIN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 244,948 shares of the basic materials company’s stock, valued at approximately $116,265,000. Linde makes up approximately 1.9% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 20th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of LIN. Sax Wealth Advisors LLC lifted its holdings in Linde by 45.6% during the 3rd quarter. Sax Wealth Advisors LLC now owns 2,519 shares of the basic materials company’s stock worth $1,195,000 after purchasing an additional 789 shares in the last quarter. Fragasso Financial Advisors Inc grew its holdings in Linde by 32.1% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 699 shares of the basic materials company’s stock valued at $338,000 after buying an additional 170 shares in the last quarter. Terra Nova Asset Management LLC grew its holdings in Linde by 6.4% during the 3rd quarter. Terra Nova Asset Management LLC now owns 1,799 shares of the basic materials company’s stock valued at $854,000 after buying an additional 109 shares in the last quarter. NorthCrest Asset Manangement LLC grew its holdings in Linde by 60.8% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 75,130 shares of the basic materials company’s stock valued at $36,190,000 after buying an additional 28,409 shares in the last quarter. Finally, Baldwin Wealth Partners LLC MA bought a new stake in shares of Linde during the third quarter valued at about $234,000. 82.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Argus lowered their price target on shares of Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a report on Monday, September 28th. Bank of America boosted their price objective on shares of Linde from $532.00 to $550.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. The Goldman Sachs Group set a $580.00 price objective on shares of Linde and gave the company a “buy” rating in a research note on Monday, August 10th. KeyCorp started coverage on shares of Linde in a research note on Thursday, September 10th. They issued an “overweight” rating and a $542.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Linde from $580.00 to $575.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $547.29.

Linde Price Performance

NASDAQ LIN traded up $4.76 during trading on Tuesday, reaching $492.11. The company’s stock had a trading volume of 1,394,113 shares, compared to its average volume of 2,327,269. The firm has a fifty day moving average of $478.25 and a 200 day moving average of $498.15. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The stock has a market capitalization of $226.85 billion, a PE ratio of 31.79, a P/E/G ratio of 2.82 and a beta of 0.71. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75.

Linde (NASDAQ:LIN) last issued its quarterly 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. Linde had a return on equity of 20.09% and a net margin of 20.43%. The firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter last year, the company posted $4.09 EPS. The company’s revenue for the quarter 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. Analysts expect that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were paid 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 was Thursday, September 3rd. Linde’s dividend payout ratio (DPR) is currently 41.34%.

Linde Profile

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.