Channel Wealth LLC Cuts Stake in Linde PLC $LIN

Channel Wealth LLC lowered its holdings in shares of Linde PLC (NASDAQ:LIN) by 19.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,527 shares of the basic materials company’s stock after selling 2,543 shares during the period. Linde comprises about 1.1% of Channel Wealth LLC’s investment portfolio, making the stock its 29th biggest position. Channel Wealth LLC’s holdings in Linde were worth $4,489,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Blalock Williams LLC lifted its holdings in Linde by 4.5% in the 4th quarter. Blalock Williams LLC now owns 510 shares of the basic materials company’s stock worth $217,000 after buying an additional 22 shares during the period. Mutual Advisors LLC lifted its position in shares of Linde by 2.0% in the 4th quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company’s stock worth $470,000 after purchasing an additional 22 shares during the period. Binnacle Investments Inc increased its position in shares of Linde by 10.2% during the second 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 increased its position in shares of Linde by 3.3% during the fourth 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 stake in Linde by 4.8% in the fourth quarter. Mayport LLC now owns 504 shares of the basic materials company’s stock worth $215,000 after buying an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Activity at Linde

In other news, EVP Sean Durbin sold 6,520 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the transaction, the executive vice president directly owned 8,151 shares of the company’s stock, valued at $3,890,227.77. This represents a 44.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $2,094,802.03. Following the completion of the transaction, the vice president owned 22,138 shares in the company, valued at approximately $10,643,729.02. This trade represents a 16.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 20,332 shares of company stock worth $9,749,257 in the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on LIN. Citigroup increased their target price on Linde from $580.00 to $585.00 and gave the stock a “buy” rating in a research report on Monday. Royal Bank Of Canada upped their price target on Linde from $552.00 to $570.00 and gave the stock an “outperform” rating in a research note on Tuesday. Mizuho set a $525.00 price objective on Linde in a report on Friday, February 6th. Seaport Research Partners raised their price objective on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Erste Group Bank upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $540.00.

Linde Stock Down 0.1%

Linde stock opened at $493.16 on Friday. Linde PLC has a 12 month low of $387.78 and a 12 month high of $521.28. The stock has a fifty day simple moving average of $496.88 and a two-hundred day simple moving average of $457.12. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The firm has a market cap of $228.01 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 3.10 and a beta of 0.73.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.60 billion. During the same quarter last year, the firm posted $3.95 EPS. The business’s quarterly revenue 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. Equities analysts predict that Linde PLC will post 17.85 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $1.60 dividend. The ex-dividend date is Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is currently 42.50%.

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.