Linde PLC $LIN Shares Bought by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust grew its holdings in Linde PLC (NASDAQ:LIN) by 76.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,259 shares of the basic materials company’s stock after buying an additional 1,416 shares during the period. Parkside Financial Bank & Trust’s holdings in Linde were worth $1,691,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in LIN. Planning Project LLC purchased a new position in shares of Linde during the second quarter worth about $6,711,000. Principia Wealth Advisory LLC raised its stake in Linde by 74.2% during the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 23 shares during the last quarter. California State Teachers Retirement System lifted its position in Linde by 67,391.2% during the 2nd quarter. California State Teachers Retirement System now owns 365,698,575 shares of the basic materials company’s stock worth $189,775,619,000 after acquiring an additional 365,156,729 shares during the period. Rehmann Capital Advisory Group lifted its position in Linde by 0.9% during the 2nd quarter. Rehmann Capital Advisory Group now owns 3,577 shares of the basic materials company’s stock worth $1,855,000 after acquiring an additional 33 shares during the period. Finally, Ancora Advisors LLC purchased a new position in shares of Linde in the 2nd quarter valued at approximately $20,453,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

LIN stock opened at $477.57 on Tuesday. The company has a market cap of $220.15 billion, a P/E ratio of 30.85, a P/E/G ratio of 2.79 and a beta of 0.72. Linde PLC has a 52 week low of $387.78 and a 52 week high of $548.20. The company’s 50-day moving average price is $501.38 and its 200 day moving average price is $501.94. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.01. Linde had a net margin of 20.43% and a return on equity of 20.09%. The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same period in the prior year, the business posted $4.09 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. On average, research analysts expect that Linde PLC will post 17.85 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a $1.60 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s dividend payout ratio is currently 41.34%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LIN. Citigroup dropped their target price on Linde from $600.00 to $580.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Evercore reiterated an “outperform” rating and issued a $525.00 price objective on shares of Linde in a research report on Friday, July 10th. The Goldman Sachs Group set a $580.00 price objective on shares of Linde in a research note on Monday, August 10th. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Finally, BMO Capital Markets reduced their target price on shares of Linde from $560.00 to $546.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $545.38.

About Linde

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.