Linde PLC $LIN Holdings Decreased by Robeco Institutional Asset Management B.V.

by · The Markets Daily

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Linde PLC (NASDAQ:LIN – Free Report) by 17.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 449,956 shares of the basic materials company’s stock after selling 93,856 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.10% of Linde worth $213,729,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LIN. Bartlett & CO. Wealth Management LLC grew its holdings in shares of Linde by 1.3% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock valued at $117,174,000 after acquiring an additional 3,230 shares in the last quarter. Markel Group Inc. grew its stake in Linde by 3.1% in the second quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock valued at $87,549,000 after purchasing an additional 5,600 shares in the last quarter. Destiny Wealth Partners LLC acquired a new position in Linde in the 2nd quarter worth about $465,000. OMERS ADMINISTRATION Corp increased its position in Linde by 27.2% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 417,001 shares of the basic materials company’s stock worth $195,649,000 after purchasing an additional 89,129 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Linde by 25.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock worth $10,970,000 after purchasing an additional 4,839 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Performance

LIN opened at $433.10 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average price is $417.06 and its two-hundred day moving average price is $450.84. The firm has a market capitalization of $202.24 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 3.03 and a beta of 0.85. Linde PLC has a 12-month low of $387.78 and a 12-month high of $486.38.

Linde (NASDAQ:LIN – Get Free Report) last posted its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.03. The company had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a return on equity of 19.38% and a net margin of 21.17%.Linde’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.94 earnings per share. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. On average, equities analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were issued a dividend of $1.50 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. Linde’s payout ratio is presently 40.19%.

Analyst Ratings Changes

LIN has been the topic of a number of research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Linde in a report on Monday, December 29th. Seaport Res Ptn raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Royal Bank Of Canada cut their price target on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, December 12th. CICC Research assumed coverage on shares of Linde in a report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $501.00.

Read Our Latest Research Report on Linde

Linde Profile

(Free Report)

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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