Linde PLC $LIN Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its position in Linde PLC (NASDAQ:LIN) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,791,619 shares of the basic materials company’s stock after selling 98,023 shares during the quarter. Wells Fargo & Company MN’s holdings in Linde were worth $1,616,708,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Binnacle Investments Inc lifted its position in Linde by 10.2% during the 2nd quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 22 shares in the last quarter. Mutual Advisors LLC lifted its position in Linde by 2.0% during the 4th quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company’s stock worth $470,000 after acquiring an additional 22 shares in the last quarter. Blalock Williams LLC lifted its position in Linde by 4.5% during the 4th quarter. Blalock Williams LLC now owns 510 shares of the basic materials company’s stock worth $217,000 after acquiring an additional 22 shares in the last quarter. Baldwin Wealth Partners LLC MA lifted its position in Linde by 3.3% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company’s stock worth $303,000 after acquiring an additional 23 shares in the last quarter. Finally, Mayport LLC lifted its position in Linde by 4.8% during the 4th quarter. Mayport LLC now owns 504 shares of the basic materials company’s stock worth $215,000 after acquiring an additional 23 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Performance

Shares of LIN opened at $523.57 on Friday. The business’s 50 day moving average is $504.86 and its two-hundred day moving average is $471.51. Linde PLC has a 52-week low of $387.78 and a 52-week high of $525.82. The firm has a market cap of $242.07 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 3.24 and a beta of 0.72. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. During the same period in the prior year, the company posted $3.95 EPS. Linde’s quarterly revenue was up 8.2% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Analysts forecast that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 4th. Linde’s dividend payout ratio is currently 42.50%.

Wall Street Analyst Weigh In

Several research firms recently commented on LIN. Citigroup boosted their price target on Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Erste Group Bank raised Linde from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada upped their target price on Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Finally, UBS Group reaffirmed a “buy” rating and issued a $600.00 target price on shares of Linde in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Linde presently has a consensus rating of “Buy” and an average price target of $541.91.

Linde Company Profile

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.