Linde PLC $LIN Position Cut by Cypress Capital Group

Cypress Capital Group reduced its holdings in Linde PLC (NASDAQ:LIN) by 78.4% during the 1st quarter, Holdings Channel reports. The fund owned 1,129 shares of the basic materials company’s stock after selling 4,094 shares during the quarter. Cypress Capital Group’s holdings in Linde were worth $559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new position in Linde during the 2nd quarter worth $25,000. Legacy Wealth Managment LLC ID increased its holdings 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 purchasing an additional 28 shares during the period. Triumph Capital Management increased its holdings 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 purchasing an additional 27 shares during the period. Strengthening Families & Communities LLC raised its stake 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 purchasing an additional 39 shares in the last quarter. Finally, High Note Wealth LLC raised its stake 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 purchasing an additional 38 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Sanford C. Bernstein set a $559.00 target price on shares of Linde in a research note on Friday, July 17th. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. 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 research note on Friday, April 17th. Finally, Citigroup initiated coverage on shares of Linde in a report on Wednesday, June 24th. They issued an “overweight” rating for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Linde presently has an average rating of “Buy” and an average target price of $548.67.

Linde Price Performance

Shares of NASDAQ LIN opened at $512.28 on Monday. Linde PLC has a twelve month low of $387.78 and a twelve month high of $548.20. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $236.85 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 3.23 and a beta of 0.72. The firm has a 50-day moving average of $516.05 and a two-hundred day moving average of $494.37.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, topping 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 company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. During the same quarter in the previous year, the company posted $3.95 EPS. The business’s revenue 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 expect that Linde PLC will post 17.89 earnings per share for the current fiscal year.

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.