Wells Fargo & Company MN Reduces Stock Position in Linde PLC $LIN

Wells Fargo & Company MN lessened its stake in shares of Linde PLC (NASDAQ:LIN) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,791,619 shares of the basic materials company’s stock after selling 98,023 shares during the quarter. Wells Fargo & Company MN owned approximately 0.81% of Linde worth $1,616,708,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new stake in Linde during the 2nd quarter worth about $25,000. Triumph Capital Management increased 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 purchasing an additional 27 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in Linde during the 3rd quarter worth about $29,000. Saranac Partners Ltd purchased a new stake in Linde during the 3rd quarter worth about $29,000. Finally, Strengthening Families & Communities LLC increased its position in Linde by 134.5% during 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 in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Up 1.6%

LIN opened at $523.57 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. The stock has a market capitalization of $242.07 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 3.24 and a beta of 0.72. The business has a 50-day moving average of $504.86 and a two-hundred day moving average of $471.51. Linde PLC has a 12 month low of $387.78 and a 12 month high of $525.82.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, beating the consensus estimate of $4.27 by $0.06. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.95 EPS. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. On average, research analysts expect that Linde PLC will post 17.86 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders 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 1.2%. Linde’s payout ratio is 42.50%.

Wall Street Analyst Weigh In

A number of research firms recently commented on LIN. Seaport Research Partners lifted their price objective on Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. lifted their price objective on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Royal Bank Of Canada lifted their price target on Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $560.00 price target on shares of Linde in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Linde has an average rating of “Buy” and an average target price of $541.91.

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.