Sanctuary Advisors LLC Has $18.95 Million Position in Linde PLC $LIN

Key Points

• Sanctuary Advisors LLC reduced its stake in Linde by 6.5%, selling 3,096 shares and now holds 44,436 shares valued at about $18.95 million.
• Company insiders sold 20,332 shares in the last quarter (notably EVP Sean Durbin and VP Guillermo Bichara) for roughly $9.75 million, and insiders now own 0.70% of the stock.
• Analysts hold a consensus "Buy" rating on Linde with an average price target of $527.80, and some firms have raised targets recently (Seaport to $575).

Sanctuary Advisors LLC reduced its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,436 shares of the basic materials company's stock after selling 3,096 shares during the quarter. Sanctuary Advisors LLC's holdings in Linde were worth $18,947,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Binnacle Investments Inc raised its stake in Linde by 10.2% during the second quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company's stock worth $111,000 after acquiring an additional 22 shares in the last quarter. Baldwin Wealth Partners LLC MA raised its stake in Linde by 3.3% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 711 shares of the basic materials company's stock worth $303,000 after acquiring an additional 23 shares in the last quarter. Mayport LLC raised its stake in Linde by 4.8% during the fourth quarter. Mayport LLC now owns 504 shares of the basic materials company's stock worth $215,000 after acquiring an additional 23 shares in the last quarter. Granite Harbor Advisors Inc. raised its stake in Linde by 2.9% during the third quarter. Granite Harbor Advisors Inc. now owns 841 shares of the basic materials company's stock worth $399,000 after acquiring an additional 24 shares in the last quarter. Finally, Cornerstone Wealth Group LLC raised its stake in Linde by 3.1% during the third quarter. Cornerstone Wealth Group LLC now owns 793 shares of the basic materials company's stock worth $376,000 after acquiring an additional 24 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LIN has been the subject of several recent analyst reports. Morgan Stanley reiterated an "overweight" rating and set a $530.00 price objective on shares of Linde in a research note on Friday, February 6th. DZ Bank lowered Linde from a "buy" rating to a "hold" rating and set a $460.00 price objective for the company. in a research note on Tuesday, February 10th. BMO Capital Markets restated an "outperform" rating on shares of Linde in a report on Tuesday, February 10th. Weiss Ratings upgraded Linde from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, February 18th. Finally, Seaport Research Partners raised their target price on Linde from $525.00 to $575.00 and gave the company a "buy" rating in a research note on Friday, April 17th. One 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. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $527.80.

Insider Activity

In related news, EVP Sean Durbin sold 6,520 shares of the firm's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total value of $3,111,800.40. Following the transaction, the executive vice president owned 8,151 shares in the company, valued at $3,890,227.77. This trade represents a 44.44% 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, VP Guillermo Bichara sold 9,455 shares of the firm's stock in a transaction dated Tuesday, February 17th. The shares were 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 owned 22,138 shares in the company, valued at approximately $10,636,202.10. This represents a 29.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 20,332 shares of company stock worth $9,749,257. 0.70% of the stock is owned by company insiders.

Linde Stock Performance

Shares of NASDAQ:LIN opened at $510.30 on Monday. Linde PLC has a twelve month low of $387.78 and a twelve month high of $510.65. The firm has a market cap of $236.47 billion, a PE ratio of 34.98, a price-to-earnings-growth ratio of 3.22 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.74 and a current ratio of 0.88. The business has a fifty day moving average of $495.16 and a 200-day moving average of $454.66.

Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Thursday, February 5th. The basic materials company reported $4.20 earnings per share for the quarter, beating analysts' consensus estimates of $4.18 by $0.02. Linde had a return on equity of 19.52% and a net margin of 20.30%.The company had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.64 billion. During the same period last year, the company posted $3.97 earnings per share. The firm's quarterly revenue 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. On average, equities research analysts predict that Linde PLC will post 17.81 EPS for the current fiscal year.

Linde Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Wednesday, March 11th were issued a $1.60 dividend. This is a positive change from Linde's previous quarterly dividend of $1.50. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, March 11th. Linde's dividend payout ratio (DPR) is 43.87%.

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.

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