Ninety One UK 13F: Cuts Linde (LIN) Stake by $66M

Institutional investment manager Ninety One UK reduced its exposure to Linde plc (NasdaqGS: LIN) during the period, according to a Form 13F filing with the SEC filed on October 15, 2026. Because 13F filings look backward at holdings from the close of the reporting quarter, these disclosures may not reflect the fund's exact current share count today.

Inside Ninety One UK's Linde Trade

Ninety One UK cut its position in Linde by selling 138,730 shares. That resulted in a 64.4% decrease from the previous quarter. The fund finished the period with 76,479 shares valued at $36,300,761. While a substantial reduction, the firm maintained a smaller remaining footprint in the specialty chemicals provider.

Other Institutional Activity in Linde

Other major fund managers adjusted their stakes in Linde during a similar window. BlackRock Inc. grew its holdings by 431,385 shares, ending with 37,301,875 shares worth about $18,592,373,283. Vanguard Capital Management LLC trimmed its stake by 24,186 shares, or 0.1%, leaving it with 30,208,556 shares valued at $15,056,850,345. State Street Corporation added 718,307 shares for a 3.7% increase, holding 20,344,181 shares worth $10,140,149,986. Capital Research Global Investors grew its stake by 1,378,855 shares, or 8.6%, ending with 17,430,716 shares valued at $8,687,991,648. Invesco Ltd. raised its holdings by 322,476 shares, a 2.1% bump, holding 15,321,341 shares worth $7,636,615,882.

Linde plc Stock Up 1.1%

Linde shares recently traded around $498.44. The stock sits below its 52-week high of $548.20 and well above its low of $387.78. Consensus analyst targets point toward a mean price of $544.15 across 27 tracked opinions, with a general recommendation of buy.

Recent Earnings

Linde posted trailing-twelve-month revenue of $35,449,000,000 alongside basic earnings per share of $15.49. The company's net profit margin reached 20.4% with a return on equity of 18.4%. The industrial gas provider's next earnings update is scheduled for October 29, 2026.

Dividend

Linde pays an annual dividend rate of $6.40 per share, which equates to a 1.3% dividend yield based on recent trading levels. The payout is backed by a dividend payout ratio of 40.0%.

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 on March 10, 2026, valued at $3,111,829. Officer Guillermo Bichara sold 4,357 shares on March 10, 2026, at an average price of $480.79 for a total of $2,094,802. Director Robert L. Wood parted with 5,215 shares on May 15, 2026, worth $2,642,909. On the buying side, Director Paula Rosput Reynolds picked up 100 shares on August 18, 2026, at $479.12 per share, totaling $47,912.

Analysts Set New Price Targets

Wall Street firms updated their views on Linde ahead of the filing. On September 28, 2026, Argus Research maintained a Buy rating while lowering its price target from $563.00 to $538.00. UBS maintained a Buy rating on October 5, 2026, moving its target from $612.00 to $574.00. Citigroup maintained a Buy rating on October 7, 2026, adjusting its target from $580.00 to $560.00. 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, lowering its target from $553.00 to $549.00.

About Linde plc

Linde plc operates as a global industrial gas supplier, producing atmospheric gases like oxygen, nitrogen, and argon alongside process gases such as hydrogen and helium. The company also designs and builds turnkey processing plants for third-party clients and internal operations.

Bottom Line

Investors tracking Ninety One UK will want to monitor future SEC filings to see if the fund continues trimming its stake or stabilizes its position. Linde's upcoming earnings release on October 29, 2026, will provide fresh operational details for market watchers. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.