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

Wellington Management Group LLP trimmed its holdings in shares of Linde PLC (NASDAQ:LIN) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,815,253 shares of the basic materials company’s stock after selling 337,270 shares during the period. Wellington Management Group LLP’s holdings in Linde were worth $2,498,827,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Darwin Wealth Management LLC bought a new stake in shares of Linde in the 2nd quarter valued at about $25,000. Legacy Wealth Managment LLC ID boosted 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 acquiring an additional 28 shares during the period. Triumph Capital Management grew its position in Linde by 69.2% during the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 27 shares during the last quarter. Strengthening Families & Communities LLC increased its stake in Linde by 134.5% in the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 39 shares during the period. Finally, High Note Wealth LLC lifted its position in Linde by 108.6% in the fourth quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 38 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of analyst reports. Sanford C. Bernstein increased their price objective on Linde from $559.00 to $564.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Royal Bank Of Canada lowered 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. BMO Capital Markets dropped their price target on shares of Linde from $560.00 to $546.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. The Goldman Sachs Group set a $580.00 price objective on shares of Linde in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Linde presently has a consensus rating of “Buy” and a consensus price target of $545.38.

Linde Stock Up 0.9%

LIN opened at $489.51 on Friday. The firm’s 50 day simple moving average is $505.33 and its two-hundred day simple moving average is $501.23. 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 PLC has a 1-year low of $387.78 and a 1-year high of $548.20. The company has a market capitalization of $225.65 billion, a PE ratio of 31.62, a PEG ratio of 3.05 and a beta of 0.72.

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

Linde Announces Dividend

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 paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s payout ratio is currently 41.34%.

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.