Badgley Phelps Wealth Managers 13F: Cuts LIN Stake by $1.3M

Badgley Phelps Wealth Managers trimmed its holdings in Linde plc (LIN) by 2,698 shares during the quarter, according to a Form 13F filing with the SEC on October 22, 2026.

LIN Linde plc

$508.83 ▲ +19.74% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Badgley Phelps Wealth Managers's Linde Position

The firm lowered its stake by 3.4% to finish the period with 75,584 shares of the industrial gas producer. The remaining position carried a reported value of $35,875,946 based on the filing details.

Other Institutional Activity in Linde

Other large investors adjusted their positions in the chemical company around the same time. Korea Investment grew its holdings by 24,401 shares, ending with 381,256 shares worth about $197.8 million. Ninety One UK scaled back its stake by 138,730 shares, a 64.5% cut that left it with 76,479 shares valued at $36.3 million. Royal London Asset Management reduced its holdings by 48,438 shares, dropping its position 8.0% to 559,373 shares worth roughly $290.3 million.

Linde plc Stock Up 1.5%

Linde shares recently traded around $508.17 as of October 24, 2026, sitting down about 0.4% from an event-day close of $510.36 on October 22. The stock trades above both its 50-day moving average of $480.04 and its 200-day moving average of $490.91. The share price sits 7.3% below its 52-week high of $548.20 and 31.0% above its 52-week low of $387.78. The company carries a market capitalization of $235.27 billion and a price-to-earnings ratio of 32.95.

Recent Earnings

Linde posted trailing twelve months revenue of $35.45 billion alongside basic earnings of $15.49 per share. The company reported a net profit margin of 20.4% and a return on equity of 18.4%. Its next quarterly earnings report is scheduled for October 29, 2026.

Dividend

The company pays an annual dividend rate of $6.40 per share, which translates to a dividend yield of 1.25%. Linde allocates 40.0% of its earnings toward dividend payouts.

Insider Buying and Selling at Linde plc

Company insiders executed several transactions prior to the filing. Chief Operating Officer Sean Durbin disposed of 6,520 shares worth roughly $3.1 million on March 10, 2026. Guillermo Bichara sold 4,357 shares at an average price of $480.79 for a total of $2.1 million on the same day. Director Robert L. Wood parted with 5,215 shares valued at $2.6 million on May 15, 2026. Later, Director Paula Rosput Reynolds acquired 100 shares at $479.12 per share on August 18, 2026, totaling $47,912.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock heading into the autumn months. On September 28, 2026, Argus Research kept a Buy rating while lowering its price target to $538.00 from $563.00. UBS maintained a Buy rating on October 5, 2026, lowering its target from $612.00 to $574.00. Citigroup reiterated its Buy rating on October 7, 2026, moving its target down to $560.00 from $580.00. Barclays initiated coverage with an Overweight rating and a $577.00 price target on October 13, 2026. RBC Capital maintained an Outperform rating on October 15, 2026, adjusting its target to $549.00 from $553.00. Overall, the stock holds a consensus buy rating among 27 analysts tracking the company.

About Linde

Linde plc functions as a global industrial gas supplier, producing essential elements like oxygen, nitrogen, argon, hydrogen, and carbon dioxide for various manufacturing and medical uses. The firm also engineers and builds large-scale process plants for third-party clients and internal operations. Its extensive network makes its operational health a key indicator for broader industrial demand.

Bottom Line

Investors will look toward Linde's upcoming earnings release on October 29, 2026, for fresh updates on profit margins and revenue growth. Institutional filings and analyst revisions will continue to guide sentiment as the stock trades near its historical highs.