Linde PLC $LIN Shares Sold by Wallington Asset Management LLC

Wallington Asset Management LLC cut its stake in Linde PLC (NASDAQ:LIN) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,748 shares of the basic materials company’s stock after selling 1,644 shares during the period. Linde makes up approximately 4.7% of Wallington Asset Management LLC’s investment portfolio, making the stock its 2nd biggest position. Wallington Asset Management LLC’s holdings in Linde were worth $35,074,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in shares of Linde in the second quarter valued at $25,000. Triumph Capital Management boosted its stake in 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 in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in Linde during the third quarter worth about $29,000. Saranac Partners Ltd acquired a new position in Linde during the third quarter worth about $29,000. Finally, Strengthening Families & Communities LLC raised its position in Linde by 134.5% in the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 39 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Up 0.1%

Shares of NASDAQ LIN opened at $519.89 on Monday. 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 PLC has a 12 month low of $387.78 and a 12 month high of $527.94. The company has a market cap of $240.37 billion, a price-to-earnings ratio of 34.52, a P/E/G ratio of 3.26 and a beta of 0.72. The business has a fifty day simple moving average of $507.96 and a 200-day simple moving average of $479.81.

Linde (NASDAQ:LIN) last posted its quarterly earnings data 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. Linde had a return on equity of 19.80% and a net margin of 20.44%.The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.60 billion. During the same quarter in the previous year, the company earned $3.95 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Sell-side analysts predict that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Royal Bank Of Canada lifted their price objective on shares of Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Seaport Research Partners boosted their target price on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Friday, April 17th. BMO Capital Markets reissued an “outperform” rating and set a $560.00 target price on shares of Linde in a research note on Tuesday, May 5th. Finally, UBS Group restated a “buy” rating and issued a $600.00 price target on shares of Linde in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Linde presently has an average rating of “Buy” and a consensus target price of $543.27.

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.