State Street Corp Has $10.56 Billion Stock Position in Linde PLC $LIN

State Street Corp grew its holdings in Linde PLC (NASDAQ:LIN) by 3.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 20,344,181 shares of the basic materials company’s stock after purchasing an additional 719,052 shares during the quarter. State Street Corp’s holdings in Linde were worth $10,558,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wellington Altus USA Inc. boosted its position in Linde by 196.8% in the second quarter. Wellington Altus USA Inc. now owns 92 shares of the basic materials company’s stock valued at $46,000 after buying an additional 61 shares in the last quarter. Marathon Wealth Advisors LLC increased its holdings in shares of Linde by 0.9% during the second quarter. Marathon Wealth Advisors LLC now owns 4,843 shares of the basic materials company’s stock worth $2,513,000 after buying an additional 43 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Linde by 76.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,259 shares of the basic materials company’s stock valued at $1,691,000 after acquiring an additional 1,416 shares during the last quarter. Planning Project LLC acquired a new stake in shares of Linde during the 2nd quarter valued at $6,711,000. Finally, Principia Wealth Advisory LLC boosted its holdings in shares of Linde by 74.2% during the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 23 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LIN shares. Evercore reiterated an “outperform” rating and issued a $525.00 target price on shares of Linde in a research report on Friday, July 10th. BMO Capital Markets cut their price target on shares of Linde from $560.00 to $546.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $563.00 price objective on shares of Linde in a research note on Friday, September 11th. Finally, Citigroup decreased their price objective on shares of Linde from $600.00 to $580.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Linde currently has an average rating of “Buy” and a consensus target price of $545.07.

Linde Stock Up 1.4%

LIN stock traded up $6.41 during mid-day trading on Tuesday, reaching $463.91. 759,107 shares of the company traded hands, compared to its average volume of 2,341,211. The stock has a market cap of $213.85 billion, a price-to-earnings ratio of 29.98, a P/E/G ratio of 2.68 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 firm’s 50 day moving average price is $487.33 and its 200 day moving average price is $499.33. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51.

Linde (NASDAQ:LIN) last posted its quarterly earnings data 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 firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.09 EPS. 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, equities research analysts predict that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, September 3rd. Linde’s dividend payout ratio (DPR) is presently 41.34%.

Linde Company Profile

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company that supplies gases, related equipment and process technologies to customers across a range of industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, specialty gases and medical gases.

The company serves customers in sectors including healthcare, manufacturing, food and beverage, electronics, chemicals, energy and metals. Linde also designs and builds industrial gas plants and provides engineering, project management and process technology services for industrial and energy applications.

Linde traces its history to 1879 and was formed in its current structure through the 2018 merger of Linde AG and Praxair, Inc The company operates internationally, serving customers in numerous countries across the Americas, Europe, Asia and other regions.