Linde PLC $LIN Shares Newly Acquired by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX purchased a new position in Linde PLC (NASDAQ:LIN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,024 shares of the basic materials company’s stock, valued at approximately $5,707,000. Linde accounts for about 1.2% of Cypress Asset Management Inc. TX’s investment portfolio, making the stock its 25th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Legacy Wealth Asset Management LLC grew its position in shares of Linde by 3.7% in the third quarter. Legacy Wealth Asset Management LLC now owns 8,071 shares of the basic materials company’s stock valued at $3,831,000 after purchasing an additional 288 shares during the period. Chapin Davis Inc. purchased a new position in Linde in the 3rd quarter valued at about $255,000. Eclectic Associates Inc. ADV acquired a new stake in Linde in the 3rd quarter worth about $213,000. LifeGoal Investments LLC purchased a new position in shares of Linde in the third quarter valued at approximately $361,000. Finally, Stableford Capital II LLC boosted its stake in shares of Linde by 9.7% in the third quarter. Stableford Capital II LLC now owns 3,780 shares of the basic materials company’s stock worth $1,794,000 after acquiring an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the subject of several recent research reports. The Goldman Sachs Group set a $580.00 price objective on Linde and gave the company a “buy” rating in a research note on Monday, August 10th. Royal Bank Of Canada lowered their price target on shares of Linde from $576.00 to $553.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. 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. UBS Group dropped their price target on Linde from $612.00 to $574.00 and set a “buy” rating for the company in a research report on Monday. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Linde in a research report on Monday. Two 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $545.80.

Linde Stock Down 0.5%

LIN stock opened at $481.70 on Friday. Linde PLC has a one year low of $387.78 and a one year high of $548.20. The firm has a market cap of $222.05 billion, a PE ratio of 31.12, a PEG ratio of 2.82 and a beta of 0.71. The firm’s 50 day moving average price is $477.86 and its 200-day moving average price is $498.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%.The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter in the previous year, the business earned $4.09 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. 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, equities research analysts anticipate that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given a $1.60 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Linde’s dividend payout ratio is presently 41.34%.

Linde 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.