Channel Wealth LLC lessened its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 19.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,527 shares of the basic materials company's stock after selling 2,543 shares during the period. Linde accounts for 1.1% of Channel Wealth LLC's holdings, making the stock its 29th biggest holding. Channel Wealth LLC's holdings in Linde were worth $4,489,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the company. Brighton Jones LLC bought a new stake in Linde in the fourth quarter worth approximately $2,752,000. Revolve Wealth Partners LLC grew its position in shares of Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock worth $325,000 after buying an additional 96 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Linde by 19.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company's stock valued at $736,000 after acquiring an additional 259 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in shares of Linde by 19.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company's stock valued at $421,000 after acquiring an additional 145 shares in the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Linde by 3.2% during the 2nd quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company's stock valued at $2,639,000 after acquiring an additional 175 shares during the period. Institutional investors own 82.80% of the company's stock.
Insider Buying and Selling
In other news, VP Guillermo Bichara sold 9,455 shares of the firm's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $480.45, for a total value of $4,542,654.75. Following the completion of the transaction, the vice president directly owned 22,138 shares of the company's stock, valued at $10,636,202.10. This trade represents a 29.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sean Durbin sold 6,520 shares of Linde stock in a transaction dated 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 transaction, the executive vice president directly owned 8,151 shares of the company's stock, valued at $3,890,227.77. The trade was a 44.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,332 shares of company stock valued at $9,749,257 over the last quarter. 0.70% of the stock is owned by company insiders.
Linde Price Performance
Linde stock opened at $493.16 on Friday. Linde PLC has a 52 week low of $387.78 and a 52 week high of $521.28. The company's 50 day moving average price is $496.88 and its two-hundred day moving average price is $457.12. The stock has a market cap of $228.01 billion, a P/E ratio of 32.75, a P/E/G ratio of 3.10 and a beta of 0.73. 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 (NASDAQ:LIN - Get Free Report) last released its earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping analysts' consensus estimates of $4.27 by $0.06. The company had revenue of $8.78 billion for 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 business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $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, equities analysts predict that Linde PLC will post 17.85 earnings per share for the current year.
Linde Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, June 4th. Linde's payout ratio is currently 42.50%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the stock. BMO Capital Markets restated an "outperform" rating and issued a $560.00 price target on shares of Linde in a report on Tuesday. Seaport Research Partners increased their price objective on shares of Linde from $525.00 to $575.00 and gave the stock a "buy" rating in a research report on Friday, April 17th. Erste Group Bank upgraded Linde from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 18th. Mizuho set a $525.00 target price on Linde in a research report on Friday, February 6th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $530.00 price target on shares of Linde in a report on Friday, February 6th. One 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $540.00.
Check Out Our Latest Stock Analysis on LIN
About Linde
(
Free Report)
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.
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