Linde PLC $LIN Holdings Decreased by Wallington Asset Management LLC

Wallington Asset Management LLC trimmed its holdings in shares of Linde PLC (NASDAQ:LIN) by 2.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 70,748 shares of the basic materials company’s stock after selling 1,644 shares during the period. Linde makes up approximately 4.7% of Wallington Asset Management LLC’s investment portfolio, making the stock its 2nd largest position. Wallington Asset Management LLC’s holdings in Linde were worth $35,074,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LIN. Patriot Financial Group Insurance Agency LLC boosted its position in Linde by 271.8% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 8,462 shares of the basic materials company’s stock worth $4,195,000 after acquiring an additional 6,186 shares during the period. Boomfish Wealth Group LLC acquired a new position in shares of Linde in the 1st quarter valued at about $1,403,000. AGH Wealth Advisors LLC increased its holdings in shares of Linde by 9.4% in the 1st quarter. AGH Wealth Advisors LLC now owns 1,321 shares of the basic materials company’s stock valued at $655,000 after purchasing an additional 113 shares during the period. BKM Wealth Management LLC increased its holdings in shares of Linde by 5.4% in the 1st quarter. BKM Wealth Management LLC now owns 5,771 shares of the basic materials company’s stock valued at $2,861,000 after purchasing an additional 295 shares during the period. Finally, Cornerstone Wealth Group LLC lifted its position in shares of Linde by 32.4% in the first quarter. Cornerstone Wealth Group LLC now owns 1,018 shares of the basic materials company’s stock worth $504,000 after purchasing an additional 249 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Trading Up 0.1%

NASDAQ:LIN opened at $519.89 on Monday. The stock’s 50 day moving average price is $507.96 and its 200 day moving average price is $479.81. Linde PLC has a 52 week low of $387.78 and a 52 week high of $527.94. The company has a market capitalization of $240.37 billion, a P/E ratio of 34.52, a P/E/G ratio of 3.26 and a beta of 0.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83.

Linde (NASDAQ:LIN) last posted its 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. The firm had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $3.95 earnings per share. 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 forecast that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 4th. Linde’s payout ratio is presently 42.50%.

Analyst Ratings Changes

Several research firms recently commented on LIN. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 price target on shares of Linde in a report on Monday, May 4th. Citigroup began coverage on shares of Linde in a research report on Wednesday. They issued an “overweight” rating for the company. BMO Capital Markets reissued an “outperform” rating and set a $560.00 target price on shares of Linde in a research note on Tuesday, May 5th. UBS Group restated a “buy” rating and set a $600.00 price target on shares of Linde in a report on Tuesday, June 2nd. Finally, Seaport Research Partners upped their price target on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. One 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’s stock. Based on data from MarketBeat, Linde currently has an average rating of “Buy” and a consensus price target of $543.27.

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.