Linde PLC $LIN Shares Sold by Cyndeo Wealth Partners LLC

by · The Markets Daily

Cyndeo Wealth Partners LLC trimmed its position in shares of Linde PLC (NASDAQ:LIN – Free Report) by 6.4% during the third quarter, Holdings Channel.com reports. The firm 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 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Legacy Wealth Managment LLC ID boosted its position in shares of Linde by 96.6% during 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 during the last quarter. Principia Wealth Advisory LLC raised its stake in shares of Linde by 74.2% in the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after buying an additional 23 shares during the period. Marquette Asset Management LLC purchased a new stake in shares of Linde during the 3rd quarter valued at approximately $29,000. Manning & Napier Advisors LLC boosted its holdings in shares of Linde by 1,450.0% in the first quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 58 shares during the period. Finally, Polaris Financial Partners purchased a new position in Linde during the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Up 1.1%

Shares of NASDAQ LIN opened at $498.43 on Friday. The firm’s 50 day moving average price is $478.52 and its 200-day moving average price is $498.15. 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 PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The company has a market cap of $229.77 billion, a PE ratio of 32.20, a P/E/G ratio of 2.88 and a beta of 0.71.

Linde (NASDAQ:LIN – Get Free Report) last issued 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 firm had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior 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. On average, equities research analysts expect that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a dividend of $1.60 per share. The ex-dividend date 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 News Summary

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 Upgrades and Downgrades

A number of research firms have recently commented on LIN. Sanford C. Bernstein restated an “outperform” rating on shares of Linde in a research report on Monday, October 5th. Royal Bank Of Canada cut their price objective on shares of Linde from $553.00 to $549.00 and set an “outperform” rating for the company in a research note on Thursday. Jefferies Financial Group raised 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. Citigroup lowered their price target on Linde from $580.00 to $560.00 and set a “buy” rating for the company in a research report on Wednesday, October 7th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Linde in a research note on Thursday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $547.10.

Get Our Latest Research Report on LIN

About Linde

(Free Report)

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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