New York State Teachers Retirement System Has $180.39 Million Stock Position in Linde PLC $LIN

Key Points

• New York State Teachers Retirement System owns a $180.39 million position in Linde PLC, having reduced its stake by 0.2% in the second quarter with 384,476 shares.
• Linde reported a Q2 EPS of $4.09, beating expectations and showing a year-over-year revenue increase of 2.3%, with guidance set for FY 2025 at 16.300-16.500 EPS.
• The company recently declared a $1.50 quarterly dividend, representing an annualized yield of 1.3%, with a payout ratio of 42.67%.

New York State Teachers Retirement System lowered its stake in Linde PLC (NASDAQ:LIN - Free Report) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 384,476 shares of the basic materials company's stock after selling 722 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Linde worth $180,388,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LIN. Nuveen LLC acquired a new stake in shares of Linde in the first quarter valued at about $2,097,793,000. Deutsche Bank AG increased its position in shares of Linde by 172.4% in the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company's stock valued at $1,121,092,000 after acquiring an additional 1,523,702 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Linde by 18.6% in the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock valued at $3,511,751,000 after acquiring an additional 1,182,157 shares during the last quarter. Alecta Tjanstepension Omsesidigt acquired a new stake in shares of Linde in the first quarter valued at about $233,405,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Linde by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company's stock valued at $4,470,284,000 after acquiring an additional 453,108 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value of $23,815,274.42. Following the transaction, the director owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company's stock.

Linde Price Performance

Linde stock opened at $451.42 on Thursday. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The stock's 50 day moving average is $473.62 and its 200-day moving average is $464.37. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $211.68 billion, a price-to-earnings ratio of 32.11, a PEG ratio of 3.03 and a beta of 0.93.

Linde (NASDAQ:LIN - Get Free Report) last posted its earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating the consensus estimate of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the prior year, the business earned $3.85 earnings per share. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Equities research analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. Linde's dividend payout ratio is presently 42.67%.

Analyst Ratings Changes

LIN has been the topic of a number of recent analyst reports. Citigroup boosted their price target on Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a research report on Monday, October 6th. Weiss Ratings reissued a "buy (b)" rating on shares of Linde in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, UBS Group lowered their price target on Linde from $510.00 to $507.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Linde currently has a consensus rating of "Buy" and an average target price of $520.00.

Linde Company Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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