Cumberland Partners Ltd Raises Stock Holdings in Linde PLC $LIN

Cumberland Partners Ltd lifted its holdings in Linde PLC (NASDAQ:LIN) by 3.2% in the first quarter, HoldingsChannel reports. The fund owned 74,633 shares of the basic materials company’s stock after buying an additional 2,290 shares during the period. Linde makes up 2.8% of Cumberland Partners Ltd’s investment portfolio, making the stock its 10th biggest position. Cumberland Partners Ltd’s holdings in Linde were worth $37,000,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vivaldi Capital Management LP bought a new position in shares of Linde during the first quarter valued at about $209,000. Entropy Technologies LP bought a new position in shares of Linde in the first quarter worth approximately $6,241,000. Cannell & Spears LLC increased its stake in shares of Linde by 2,286.3% in the first quarter. Cannell & Spears LLC now owns 39,087 shares of the basic materials company’s stock worth $19,515,000 after buying an additional 37,449 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Linde by 40.2% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 542,959 shares of the basic materials company’s stock worth $269,177,000 after buying an additional 155,618 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Linde by 394.8% during the 1st quarter. Renaissance Technologies LLC now owns 629,820 shares of the basic materials company’s stock valued at $312,240,000 after buying an additional 502,520 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LIN. Seaport Research Partners increased their price target on shares of Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $575.00 price objective on shares of Linde in a research note on Monday, May 4th. Citigroup started coverage on shares of Linde in a research note on Wednesday, June 24th. They issued an “overweight” rating for the company. JPMorgan Chase & Co. lifted their price target on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Evercore reissued an “outperform” rating and issued a $525.00 price target on shares of Linde in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $548.67.

Linde Stock Performance

Shares of NASDAQ LIN opened at $512.28 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The company has a market cap of $236.85 billion, a PE ratio of 34.02, a PEG ratio of 3.20 and a beta of 0.72. The firm’s 50-day moving average price is $516.05 and its 200-day moving average price is $493.94.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, beating analysts’ consensus estimates of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. During the same period in the previous year, the business earned $3.95 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. As a group, analysts anticipate that Linde PLC will post 17.89 EPS for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 4th. Linde’s dividend payout ratio is currently 42.50%.

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.