Linde PLC $LIN Stock Position Raised by Cumberland Partners Ltd

Key Points

• Cumberland Partners Ltd increased its Linde stake by 3.2% in Q1, adding 2,290 shares to bring its total to 74,633 shares worth about $37 million.
• Linde reported strong quarterly results, with EPS of $4.33 beating estimates and revenue of $8.78 billion topping forecasts; revenue also rose 8.2% year over year.
• Wall Street remains constructive on the stock, with multiple firms maintaining or raising targets and analysts assigning an average “Buy” rating with a $548.67 target price.

Cumberland Partners Ltd lifted its stake in Linde PLC (NASDAQ:LIN - Free Report) by 3.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,633 shares of the basic materials company's stock after acquiring an additional 2,290 shares during the period. Linde makes up about 2.8% of Cumberland Partners Ltd's holdings, making the stock its 10th largest holding. Cumberland Partners Ltd's holdings in Linde were worth $37,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new stake in Linde during the 2nd quarter worth about $25,000. Legacy Wealth Managment LLC ID grew its holdings in Linde by 96.6% during the 1st 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. Triumph Capital Management increased its position in shares of Linde by 69.2% during the fourth quarter. Triumph Capital Management now owns 66 shares of the basic materials company's stock valued at $28,000 after buying an additional 27 shares during the period. Strengthening Families & Communities LLC increased its position in shares of Linde by 134.5% during the fourth quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company's stock valued at $29,000 after buying an additional 39 shares during the period. Finally, High Note Wealth LLC increased its position in shares of Linde by 108.6% during the fourth quarter. High Note Wealth LLC now owns 73 shares of the basic materials company's stock valued at $31,000 after buying an additional 38 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Up 1.2%

LIN stock opened at $512.28 on Friday. The company's 50 day moving average is $516.05 and its 200 day moving average is $493.94. The stock has a market cap of $236.85 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 3.20 and a beta of 0.72. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20.

Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. During the same period in the previous year, the business posted $3.95 earnings per share. Linde's revenue for the quarter was up 8.2% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Sell-side analysts predict that Linde PLC will post 17.89 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $1.60 dividend. The ex-dividend date was Thursday, June 4th. This represents a $6.40 annualized dividend and a yield of 1.2%. Linde's payout ratio is 42.50%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LIN. Sanford C. Bernstein set a $559.00 price objective on shares of Linde in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $575.00 target price on shares of Linde in a research note on Monday, May 4th. Weiss Ratings raised shares of Linde from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday. BMO Capital Markets restated an "outperform" rating and set a $560.00 price target on shares of Linde in a research report on Tuesday, May 5th. Finally, Seaport Research Partners upped their price target on shares of Linde from $525.00 to $575.00 and gave the stock a "buy" rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $548.67.

Linde Company Profile

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.

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