State Street Corp Buys 37,210 Shares of Linde PLC $LIN

State Street Corp raised its stake in Linde PLC (NASDAQ:LIN) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 19,356,793 shares of the basic materials company’s stock after acquiring an additional 37,210 shares during the quarter. State Street Corp’s holdings in Linde were worth $8,253,569,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LIN. Darwin Wealth Management LLC acquired a new position in Linde in the second quarter valued at about $25,000. Triumph Capital Management lifted its stake in Linde by 69.2% in the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock valued at $28,000 after buying an additional 27 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new position in Linde in the third quarter valued at about $29,000. Saranac Partners Ltd acquired a new position in Linde in the third quarter valued at about $29,000. Finally, Strengthening Families & Communities LLC lifted its stake in Linde by 134.5% in the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after buying an additional 39 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Linde Trading Up 1.6%

NASDAQ LIN opened at $523.57 on Friday. The firm has a market cap of $242.07 billion, a P/E ratio of 34.77, a P/E/G ratio of 3.24 and a beta of 0.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. The stock’s 50-day moving average is $504.86 and its 200-day moving average is $471.51. Linde PLC has a one year low of $387.78 and a one year high of $525.82.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.Linde’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company earned $3.95 earnings per share. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Sell-side analysts anticipate that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a dividend of $1.60 per share. The ex-dividend date is Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. Linde’s dividend payout ratio (DPR) is presently 42.50%.

Wall Street Analyst Weigh In

Several research firms have weighed in on LIN. Citigroup increased their target price on Linde from $580.00 to $585.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Erste Group Bank raised Linde from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Royal Bank Of Canada increased their target price on Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. BMO Capital Markets reissued an “outperform” rating and issued a $560.00 target price on shares of Linde in a research note on Tuesday, May 5th. Finally, Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $541.91.

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.