Linde PLC $LIN Stake Raised by State Street Corp

State Street Corp boosted its holdings in Linde PLC (NASDAQ:LIN) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 owned about 4.15% of Linde worth $8,253,569,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in Linde during the 2nd quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in Linde during the 3rd quarter valued at about $29,000. Saranac Partners Ltd purchased a new position in Linde during the 3rd quarter valued at about $29,000. Triumph Capital Management grew its stake in Linde by 69.2% during the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 27 shares in the last quarter. Finally, Caitlin John LLC purchased a new position in Linde during the 3rd quarter valued at about $32,000. 82.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LIN shares. Royal Bank Of Canada lifted 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. Seaport Research Partners boosted their price target on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, May 13th. UBS Group reissued a “buy” rating and issued a $600.00 price target on shares of Linde in a research note on Tuesday, June 2nd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $560.00 price target on shares of Linde in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $541.91.

Linde Stock Up 1.6%

Shares of LIN stock opened at $523.57 on Friday. Linde PLC has a 12 month low of $387.78 and a 12 month high of $525.82. The firm has a market cap of $242.07 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 3.24 and a beta of 0.72. The stock has a 50 day moving average of $504.86 and a 200-day moving average of $471.51. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

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

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders 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 payout ratio is 42.50%.

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.