Canandaigua National Bank & Trust Co. Invests $1.85 Million in Linde PLC $LIN

Canandaigua National Bank & Trust Co. bought a new stake in Linde PLC (NASDAQ:LIN) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 3,563 shares of the basic materials company’s stock, valued at approximately $1,849,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LIN. Darwin Wealth Management LLC acquired a new stake in shares of Linde during the second quarter worth about $25,000. Legacy Wealth Managment LLC ID increased its holdings in Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after buying an additional 28 shares during the period. Manning & Napier Advisors LLC raised its position in Linde by 1,450.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock worth $31,000 after buying an additional 58 shares during the last quarter. Triumph Capital Management raised its position in Linde by 69.2% during the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after buying an additional 27 shares during the last quarter. Finally, Strengthening Families & Communities LLC lifted its stake in Linde by 134.5% during the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 39 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ:LIN opened at $491.05 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88. The stock has a market capitalization of $226.36 billion, a PE ratio of 31.72, a P/E/G ratio of 3.05 and a beta of 0.72. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The company has a fifty day moving average of $513.58 and a two-hundred day moving average of $497.54.

Linde (NASDAQ:LIN) last released its earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.01. Linde had a net margin of 20.43% and a return on equity of 20.09%. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the previous year, the company earned $4.09 earnings per share. The company’s quarterly 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, research analysts forecast that Linde PLC will post 17.84 earnings per share for the current fiscal year.

Linde Announces Dividend

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

Analysts Set New Price Targets

LIN has been the topic of several recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $560.00 price objective on shares of Linde in a report on Tuesday, May 5th. JPMorgan Chase & Co. upped their price target on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 price target on shares of Linde in a research report on Monday, May 4th. UBS Group set a $612.00 price objective on shares of Linde in a research report on Monday. Finally, Sanford C. Bernstein raised their target price on Linde from $559.00 to $564.00 and gave the company an “outperform” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $543.67.

About Linde

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.