Cumberland Partners Ltd Trims Stock Holdings in Linde PLC $LIN

Cumberland Partners Ltd decreased its position in Linde PLC (NASDAQ:LIN) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,678 shares of the basic materials company’s stock after selling 215 shares during the quarter. Linde makes up 2.4% of Cumberland Partners Ltd’s portfolio, making the stock its 12th biggest position. Cumberland Partners Ltd’s holdings in Linde were worth $34,568,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of LIN. Nuveen LLC bought a new stake in Linde during the first quarter worth about $2,097,793,000. Deutsche Bank AG lifted its holdings in shares of Linde by 172.4% during the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock valued at $1,121,092,000 after purchasing an additional 1,523,702 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Linde by 18.6% in the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock worth $3,511,751,000 after purchasing an additional 1,182,157 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Linde by 5.0% in the 1st 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 buying an additional 453,108 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in Linde during the 1st quarter valued at approximately $197,019,000. Institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LIN shares. Citigroup cut their target price on Linde from $535.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $516.00 target price on shares of Linde in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $508.83.

Linde Stock Down 0.4%

Shares of Linde stock opened at $413.20 on Thursday. Linde PLC has a twelve month low of $408.65 and a twelve month high of $486.38. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $450.77 and its 200 day moving average is $461.74. The company has a market cap of $192.94 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. The business had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.62 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. Research analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 1.5%. Linde’s dividend payout ratio is currently 40.19%.

Linde 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.