State Street Corp Sells 194,061 Shares of Linde PLC $LIN

State Street Corp trimmed its holdings in Linde PLC (NASDAQ:LIN) by 1.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 19,147,421 shares of the basic materials company’s stock after selling 194,061 shares during the period. State Street Corp’s holdings in Linde were worth $8,983,614,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. eCIO Inc. bought a new stake in shares of Linde in the first quarter worth about $45,000. Howard Hughes Medical Institute bought a new stake in Linde in the second quarter worth $48,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 89 shares during the period. Nova Wealth Management Inc. purchased a new position in Linde during the 1st quarter valued at $52,000. Finally, Activest Wealth Management grew its holdings in shares of Linde by 5,800.0% in the first quarter. Activest Wealth Management now owns 118 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 116 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LIN shares. Citigroup dropped their price target on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. JPMorgan Chase & Co. decreased their price target on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 target price on shares of Linde in a research report on Monday, November 3rd. Royal Bank Of Canada dropped their price objective on shares of Linde from $576.00 to $540.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Finally, UBS Group decreased their price target on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $509.00.

Linde Stock Down 2.6%

NASDAQ LIN opened at $389.38 on Tuesday. The business has a fifty day moving average price of $432.28 and a 200 day moving average price of $457.44. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82. The company has a market cap of $181.82 billion, a P/E ratio of 26.08, a P/E/G ratio of 3.07 and a beta of 0.85. Linde PLC has a one year low of $387.78 and a one year high of $486.38.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.03. The company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a net margin of 21.17% and a return on equity of 19.38%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. Research analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a $1.50 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 1.5%. Linde’s dividend payout ratio is presently 40.19%.

About Linde

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.