Wellington Shields Capital Management LLC decreased its position in shares of Linde PLC (NASDAQ:LIN – Free Report) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,372 shares of the basic materials company’s stock after selling 1,005 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Linde were worth $4,423,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Blalock Williams LLC boosted its position in shares of Linde by 4.5% during the 4th quarter. Blalock Williams LLC now owns 510 shares of the basic materials company’s stock valued at $217,000 after acquiring an additional 22 shares during the last quarter. Mutual Advisors LLC raised its holdings in Linde by 2.0% in the 4th quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company’s stock valued at $470,000 after buying an additional 22 shares during the period. Binnacle Investments Inc raised its holdings in Linde by 10.2% in the 2nd quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock valued at $111,000 after buying an additional 22 shares during the period. Baldwin Wealth Partners LLC MA raised its holdings in Linde by 3.3% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company’s stock valued at $303,000 after buying an additional 23 shares during the period. Finally, Mayport LLC raised its holdings in Linde by 4.8% in the 4th quarter. Mayport LLC now owns 504 shares of the basic materials company’s stock valued at $215,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.
Insider Activity
In other news, EVP Sean Durbin sold 6,520 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the sale, the executive vice president owned 8,151 shares of the company’s stock, valued at approximately $3,890,227.77. This represents a 44.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Guillermo Bichara sold 4,357 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $480.79, for a total transaction of $2,094,802.03. Following the sale, the vice president owned 22,138 shares in the company, valued at $10,643,729.02. The trade was a 16.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is currently owned by corporate insiders.
Linde Price Performance
Linde (NASDAQ:LIN – Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.27 by $0.06. The business had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.95 earnings per share. 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 earnings per share for the current fiscal year.
Linde Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders 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%.
Analysts Set New Price Targets
Several brokerages recently issued reports on LIN. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $575.00 price objective on shares of Linde in a report on Monday, May 4th. BMO Capital Markets restated an “outperform” rating and issued a $560.00 price objective on shares of Linde in a report on Tuesday, May 5th. Mizuho set a $525.00 price objective on shares of Linde in a report on Friday, February 6th. Royal Bank Of Canada boosted their price objective on shares of Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, DZ Bank lowered shares of Linde from a “buy” rating to a “hold” rating and set a $460.00 price objective on the stock. in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Linde currently has a consensus rating of “Buy” and a consensus target price of $540.00.
Read Our Latest Stock Analysis on LIN
Linde 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.
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