Cyndeo Wealth Partners LLC lessened its holdings in Linde PLC (NASDAQ:LIN – Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,423 shares of the basic materials company’s stock after selling 1,865 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Linde were worth $13,016,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sanders Morris Harris LLC bought a new position in Linde in the 3rd quarter worth approximately $847,000. First Financial Bank Trust Division bought a new stake in Linde in the third quarter valued at about $4,034,000. Hikari Power Ltd acquired a new position in Linde during the second quarter worth $20,965,000. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Linde by 271.8% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 8,462 shares of the basic materials company’s stock worth $4,195,000 after buying an additional 6,186 shares in the last quarter. Finally, Generali Investments Management Co LLC bought a new position in shares of Linde in the second quarter valued at about $2,931,000. Institutional investors and hedge funds own 82.80% of the company’s stock.
Linde Price Performance
LIN stock opened at $498.43 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20. The firm has a market cap of $229.77 billion, a P/E ratio of 32.20, a P/E/G ratio of 2.88 and a beta of 0.71. The company’s 50-day moving average price is $478.52 and its two-hundred day moving average price is $498.15.
Linde (NASDAQ:LIN – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.01. The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%. Linde’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $4.09 EPS. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. On average, analysts anticipate that Linde PLC will post 17.86 earnings per share for the current fiscal year.
Linde Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 3rd. Linde’s dividend payout ratio (DPR) is currently 41.34%.
Linde News Roundup
Here are the key news stories impacting Linde this week:
- Positive Sentiment: Barclays turned bullish on Linde. The firm initiated coverage with an “overweight” rating, adding to recent positive sentiment around Linde’s earnings durability, pricing power and exposure to long-term industrial and technology demand. Barclays initiates coverage of Linde at overweight
- Positive Sentiment: Linde is expanding its carbon-capture business in Sweden. The company plans to build a facility capable of capturing 200,000 tonnes of CO2 annually at a waste-to-energy site, reinforcing its position in industrial decarbonization and potentially expanding its project pipeline. Linde to build 200,000-tonne CO2 capture plant at Swedish waste-to-energy facility
- Positive Sentiment: Linde’s Taiwan affiliate is pursuing hydrogen infrastructure growth. Linde LienHwa is developing hydrogen-as-a-service and refueling solutions, which could create longer-term revenue opportunities as Taiwan increases hydrogen adoption. Linde LienHwa tackles hydrogen transport dilemma with HaaS Interview: Linde LienHwa fuels Taiwan’s hydrogen push
- Neutral Sentiment: RBC remains constructive but lowered its target. Royal Bank of Canada cut its price target from $553 to $549 while retaining an “outperform” rating, suggesting continued confidence but slightly less near-term upside.
- Negative Sentiment: Valuation is becoming a concern. Commentary that Linde appears fully valued on current earnings could weigh on the stock, particularly given its elevated earnings multiple and the need for continued earnings growth to justify further appreciation. Linde Stock Looks Fully Valued On Current Earnings
Analyst Ratings Changes
Several equities analysts recently weighed in on LIN shares. Bank of America increased their price objective on shares of Linde from $532.00 to $550.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Citigroup lowered their price target on shares of Linde from $580.00 to $560.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Jefferies Financial Group boosted their price target on Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, DZ Bank reaffirmed a “neutral” rating on shares of Linde in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $547.10.
Check Out Our Latest Stock Analysis on Linde
Linde Company Profile
Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company that supplies gases, related equipment and process technologies to customers in healthcare, manufacturing, chemicals, energy, food and beverage, electronics, and other industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide and specialty gases.
The company provides gases through on-site production facilities, pipelines, bulk deliveries and packaged cylinders. It also designs and builds industrial gas plants and offers technologies and services for applications such as hydrogen production, carbon capture, clean energy, semiconductor manufacturing, metal fabrication and medical care.
Linde traces its history to 1879, when German engineer Carl von Linde developed refrigeration and gas-related technologies.
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