Wealthfront Advisers LLC Sells 5,161 Shares of Linde PLC $LIN

Wealthfront Advisers LLC reduced its stake in Linde PLC (NASDAQ:LIN) by 9.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 48,162 shares of the basic materials company’s stock after selling 5,161 shares during the quarter. Wealthfront Advisers LLC’s holdings in Linde were worth $20,536,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Binnacle Investments Inc lifted its position in shares of Linde by 10.2% in the 2nd quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 22 shares during the period. Baldwin Wealth Partners LLC MA lifted its position in shares of Linde by 3.3% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company’s stock worth $303,000 after purchasing an additional 23 shares during the period. Mayport LLC lifted its position in shares of Linde by 4.8% in the 4th quarter. Mayport LLC now owns 504 shares of the basic materials company’s stock worth $215,000 after purchasing an additional 23 shares during the period. Granite Harbor Advisors Inc. lifted its position in shares of Linde by 2.9% in the 3rd quarter. Granite Harbor Advisors Inc. now owns 841 shares of the basic materials company’s stock worth $399,000 after purchasing an additional 24 shares during the period. Finally, Cornerstone Wealth Group LLC lifted its position in shares of Linde by 3.1% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 793 shares of the basic materials company’s stock worth $376,000 after purchasing an additional 24 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Linde from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Citigroup upped their price target on shares of Linde from $545.00 to $580.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Mizuho set a $525.00 price target on shares of Linde in a research report on Friday, February 6th. JPMorgan Chase & Co. raised shares of Linde from a “neutral” rating to an “overweight” rating and increased their target price for the company from $455.00 to $525.00 in a research report on Friday, March 13th. Finally, Royal Bank Of Canada increased their target price on shares of Linde from $512.00 to $552.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Linde presently has an average rating of “Buy” and an average price target of $527.80.

Insider Buying and Selling

In other Linde news, EVP Sean Durbin sold 6,520 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total value of $3,111,800.40. Following the completion of the transaction, the executive vice president owned 8,151 shares of the company’s stock, valued at approximately $3,890,227.77. This trade represents a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Guillermo Bichara sold 4,357 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president directly owned 22,138 shares of the company’s stock, valued at approximately $10,643,729.02. This represents a 16.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,332 shares of company stock valued at $9,749,257 in the last three months. 0.70% of the stock is currently owned by corporate insiders.

Linde Trading Down 0.1%

NASDAQ:LIN opened at $510.29 on Wednesday. Linde PLC has a 52 week low of $387.78 and a 52 week high of $515.63. The firm has a 50 day moving average of $496.32 and a 200 day moving average of $455.43. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $236.47 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 3.22 and a beta of 0.78.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, February 5th. The basic materials company reported $4.20 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.02. Linde had a net margin of 20.30% and a return on equity of 19.52%. The company had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.64 billion. During the same quarter in the prior year, the company posted $3.97 earnings per share. Linde’s revenue for the quarter was up 6.3% compared to the same quarter last year. Linde has set its Q1 2026 guidance at 4.200-4.300 EPS and its FY 2026 guidance at 17.400-17.900 EPS. As a group, sell-side analysts anticipate that Linde PLC will post 17.81 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Linde’s dividend payout ratio is presently 43.87%.

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.