State Street Corp Has $10.56 Billion Holdings in Linde PLC $LIN

Key Points

• State Street increased its Linde stake by 3.7% in the second quarter, owning 20.34 million shares worth approximately $10.56 billion, or 4.41% of the company. Institutional investors and hedge funds collectively own 82.8% of Linde.
• Analysts remain broadly positive, with Linde receiving an average “Buy” rating and a consensus price target of $545.07. Recent targets ranged from $525 to $600.
• Linde exceeded quarterly expectations with $4.50 EPS and $9.29 billion in revenue, while revenue grew 9.3% year over year. The company also paid a $1.60 quarterly dividend, equivalent to a 1.4% yield.

State Street Corp raised its position in Linde PLC (NASDAQ:LIN - Free Report) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 owned 4.41% of Linde worth $10,558,016,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Evercore restated an "outperform" rating and issued a $525.00 price objective on shares of Linde in a report on Friday, July 10th. KeyCorp assumed coverage on Linde in a research note on Thursday, September 10th. They issued an "overweight" rating and a $542.00 price target for the company. Citigroup dropped their price objective on Linde from $600.00 to $580.00 and set a "buy" rating on the stock in a research note on Monday, August 3rd. Sanford C. Bernstein reissued an "outperform" rating and issued a $563.00 price objective on shares of Linde in a report on Friday, September 11th. Finally, The Goldman Sachs Group set a $580.00 target price on shares of Linde in a report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Linde currently has an average rating of "Buy" and a consensus target price of $545.07.

Linde Stock Performance

LIN stock traded up $6.41 during midday trading on Tuesday, reaching $463.91. 759,107 shares of the company were exchanged, compared to its average volume of 2,341,211. The firm has a market capitalization of $213.85 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 2.68 and a beta of 0.72. The business has a 50-day moving average price of $487.33 and a two-hundred day moving average price of $499.33. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.01. The firm had revenue of $9.29 billion during 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 last year, the business posted $4.09 earnings per share. 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 forecast that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a dividend of $1.60 per share. 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%.

Linde 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.

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