Wellington Management Group LLP Sells 337,270 Shares of Linde PLC $LIN

Wellington Management Group LLP trimmed its holdings in Linde PLC (NASDAQ:LIN) by 6.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,815,253 shares of the basic materials company’s stock after selling 337,270 shares during the period. Wellington Management Group LLP owned approximately 1.04% of Linde worth $2,498,827,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC purchased a new stake in Linde during the 2nd quarter worth about $25,000. Legacy Wealth Managment LLC ID grew its holdings in Linde by 96.6% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock valued at $28,000 after buying an additional 28 shares in the last quarter. Triumph Capital Management increased its position in shares of Linde by 69.2% during the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock valued at $28,000 after buying an additional 27 shares during the period. Strengthening Families & Communities LLC increased its position in shares of Linde by 134.5% during the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock valued at $29,000 after buying an additional 39 shares during the period. Finally, High Note Wealth LLC lifted its holdings in shares of Linde by 108.6% in the fourth quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock worth $31,000 after buying an additional 38 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Royal Bank Of Canada cut their price target on shares of Linde from $576.00 to $553.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Evercore reaffirmed an “outperform” rating and issued a $525.00 price target on shares of Linde in a report on Friday, July 10th. Finally, Sanford C. Bernstein increased their price objective on Linde from $559.00 to $564.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $545.38.

Linde Stock Up 0.9%

Shares of NASDAQ LIN opened at $489.51 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average of $505.33 and a 200-day moving average of $501.23. The firm has a market capitalization of $225.65 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 3.05 and a beta of 0.72. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20.

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

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a dividend of $1.60 per share. The ex-dividend date is Thursday, September 3rd. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. Linde’s dividend payout ratio (DPR) is 41.34%.

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.