Envestnet Asset Management Inc. Has $481.03 Million Holdings in Linde PLC $LIN

Key Points

• Envestnet Asset Management reduced its Linde stake by 0.8% in the second quarter, selling 7,149 shares. It still held 926,948 shares worth approximately $481.03 million, while institutional investors collectively owned 82.8% of Linde.
• Linde reported quarterly EPS of $4.50, narrowly exceeding estimates, while revenue reached $9.29 billion—up 9.3% year over year. The company maintained fiscal 2026 EPS guidance of $17.70–$17.90.
• Linde paid a quarterly dividend of $1.60, equivalent to an annualized $6.40 and a 1.4% yield. Analysts maintained an overall “Buy” consensus with an average price target of $545.07, above the reported share price of $469.72.

Envestnet Asset Management Inc. cut its stake in Linde PLC (NASDAQ:LIN - Free Report) by 0.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 926,948 shares of the basic materials company's stock after selling 7,149 shares during the period. Envestnet Asset Management Inc. owned approximately 0.20% of Linde worth $481,030,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its holdings in Linde by 3.7% in the 2nd quarter. State Street Corp now owns 20,344,181 shares of the basic materials company's stock valued at $10,558,016,000 after buying an additional 719,052 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Linde by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 11,353,011 shares of the basic materials company's stock worth $4,820,533,000 after acquiring an additional 35,945 shares during the period. Capital Research Global Investors boosted its position in shares of Linde by 8.6% during the 4th quarter. Capital Research Global Investors now owns 10,127,594 shares of the basic materials company's stock valued at $4,318,325,000 after acquiring an additional 797,866 shares in the last quarter. Norges Bank acquired a new stake in shares of Linde during the 4th quarter valued at about $3,246,750,000. Finally, Capital International Investors lifted its stake in Linde by 20.1% during the fourth quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company's stock worth $3,245,255,000 after purchasing an additional 1,275,477 shares during the period. Institutional investors own 82.80% of the company's stock.

Linde Trading Up 1.0%

Shares of NASDAQ LIN opened at $469.72 on Thursday. The company's fifty day moving average is $485.28 and its 200-day moving average is $498.94. The stock has a market cap of $216.53 billion, a price-to-earnings ratio of 30.34, a P/E/G ratio of 2.71 and a beta of 0.72. Linde PLC has a twelve month low of $387.78 and a twelve month high of $548.20. 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 - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, topping the consensus estimate of $4.49 by $0.01. The business had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%.The firm's revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $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. Equities research analysts predict that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a $1.60 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $6.40 annualized dividend and a dividend yield of 1.4%. Linde's dividend payout ratio (DPR) is currently 41.34%.

Analyst Ratings Changes

A number of analysts have weighed in on LIN shares. BMO Capital Markets lowered their price target on Linde from $560.00 to $546.00 and set an "outperform" rating on the stock in a research report on Monday, August 10th. Citigroup lowered their price target on shares of Linde from $600.00 to $580.00 and set a "buy" rating for the company in a report on Monday, August 3rd. KeyCorp initiated coverage on shares of Linde in a research report on Thursday, September 10th. They set an "overweight" rating and a $542.00 target price on the stock. Weiss Ratings raised Linde from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 21st. Finally, UBS Group restated an "outperform" rating on shares of Linde in a research report on Friday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Linde currently has an average rating of "Buy" and a consensus target price of $545.07.

About Linde

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.

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