Cyndeo Wealth Partners LLC Purchases 391 Shares of Linde PLC $LIN

Cyndeo Wealth Partners LLC boosted its position in shares of Linde PLC (NASDAQ:LIN) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,005 shares of the basic materials company’s stock after acquiring an additional 391 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Linde were worth $7,509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LIN. Nuveen LLC bought a new stake in Linde during the first quarter worth $2,097,793,000. Deutsche Bank AG raised its position in Linde by 172.4% during the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock worth $1,121,092,000 after acquiring an additional 1,523,702 shares in the last quarter. Wellington Management Group LLP raised its position in Linde by 18.6% during the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock worth $3,511,751,000 after acquiring an additional 1,182,157 shares in the last quarter. Alecta Tjanstepension Omsesidigt bought a new stake in Linde during the first quarter worth $233,405,000. Finally, Price T Rowe Associates Inc. MD raised its position in Linde by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after acquiring an additional 453,108 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Insider Activity at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the completion of the sale, the director owned 480,543 shares of the company’s stock, valued at $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

Linde Trading Down 2.1%

LIN stock opened at $458.16 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The company’s 50-day simple moving average is $474.56 and its 200 day simple moving average is $464.52. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. The company has a market capitalization of $214.84 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 3.09 and a beta of 0.93.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating the consensus estimate of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same period in the prior year, the company posted $3.85 earnings per share. Linde’s revenue was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. As a group, sell-side analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were paid a $1.50 dividend. The ex-dividend date was Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. Linde’s dividend payout ratio is 42.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Royal Bank Of Canada assumed coverage on shares of Linde in a report on Friday, June 13th. They issued an “outperform” rating and a $576.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Wednesday. UBS Group decreased their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Citigroup upped their price objective on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Linde currently has an average rating of “Buy” and a consensus target price of $520.00.

Linde Company Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.