Cypress Asset Management Inc. TX Buys New Stake in Linde PLC $LIN

Cypress Asset Management Inc. TX purchased a new position in shares of Linde PLC (NASDAQ:LIN) during the third quarter, Holdings Channel reports. The fund purchased 12,024 shares of the basic materials company’s stock, valued at approximately $5,707,000. Linde accounts for approximately 1.2% of Cypress Asset Management Inc. TX’s portfolio, making the stock its 25th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of LIN. Legacy Wealth Managment LLC ID grew its stake in shares of Linde by 96.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock valued at $28,000 after buying an additional 28 shares in the last quarter. Principia Wealth Advisory LLC boosted its holdings in Linde by 74.2% during the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 23 shares during the period. Manning & Napier Advisors LLC boosted its holdings in Linde by 1,450.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 58 shares during the period. Polaris Financial Partners acquired a new position in Linde in the 3rd quarter valued at about $31,000. Finally, Abound Financial LLC acquired a new position in Linde in the 4th quarter valued at about $36,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Trading Down 0.5%

NASDAQ LIN opened at $481.70 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 52 week low of $387.78 and a 52 week high of $548.20. The stock has a market capitalization of $222.05 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 2.82 and a beta of 0.71. The firm has a 50 day moving average of $477.86 and a two-hundred day moving average of $498.06.

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

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 3rd. Linde’s payout ratio is currently 41.34%.

Analyst Ratings Changes

Several analysts have recently issued reports on LIN shares. Jefferies Financial Group increased their price target on shares of Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Linde from $580.00 to $575.00 and set a “buy” rating for the company in a report on Monday, August 3rd. UBS Group reduced their target price on shares of Linde from $612.00 to $574.00 and set a “buy” rating on the stock in a report on Monday. Evercore boosted their price target on shares of Linde from $515.00 to $525.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Finally, The Goldman Sachs Group set a $580.00 price objective on Linde and gave the stock a “buy” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $545.80.

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.