Cynosure Group LLC Buys 1,596 Shares of Linde PLC $LIN

Cynosure Group LLC increased its stake in Linde PLC (NASDAQ:LIN) by 150.1% in the fourth quarter, HoldingsChannel reports. The fund owned 2,659 shares of the basic materials company’s stock after purchasing an additional 1,596 shares during the period. Cynosure Group LLC’s holdings in Linde were worth $1,134,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Linde by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 44,953,116 shares of the basic materials company’s stock valued at $19,167,559,000 after purchasing an additional 354,800 shares during the period. State Street Corp increased its holdings in Linde by 0.9% during the 3rd quarter. State Street Corp now owns 19,319,583 shares of the basic materials company’s stock valued at $9,176,828,000 after purchasing an additional 172,162 shares during the period. Geode Capital Management LLC increased its holdings in Linde by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 11,353,011 shares of the basic materials company’s stock valued at $4,820,533,000 after purchasing an additional 35,945 shares during the period. Capital Research Global Investors increased its holdings in Linde by 8.6% during the 4th quarter. Capital Research Global Investors now owns 10,127,594 shares of the basic materials company’s stock valued at $4,318,325,000 after purchasing an additional 797,866 shares during the period. Finally, Norges Bank purchased a new position in Linde during the 4th quarter valued at about $3,246,750,000. Institutional investors own 82.80% of the company’s stock.

Linde Stock Down 0.4%

LIN stock opened at $521.48 on Tuesday. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $525.87. The business’s 50 day moving average price is $505.24 and its two-hundred day moving average price is $472.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. The company has a market capitalization of $241.11 billion, a price-to-earnings ratio of 34.63, a price-to-earnings-growth ratio of 3.29 and a beta of 0.72.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. During the same period in the previous year, the firm posted $3.95 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. As a group, analysts forecast that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 4th. Linde’s payout ratio is currently 42.50%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Seaport Research Partners boosted their price target on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a report on Friday, April 17th. Erste Group Bank upgraded Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. UBS Group restated a “buy” rating and set a $600.00 price target on shares of Linde in a report on Tuesday, June 2nd. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 price target on shares of Linde in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $541.91.

About Linde

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.