Robeco Schweiz AG Sells 2,888 Shares of Linde PLC $LIN

Robeco Schweiz AG reduced its holdings in shares of Linde PLC (NASDAQ:LIN) by 7.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,494 shares of the basic materials company’s stock after selling 2,888 shares during the quarter. Robeco Schweiz AG’s holdings in Linde were worth $15,910,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LIN. Darwin Wealth Management LLC bought a new position in shares of Linde in the second quarter worth about $25,000. Marquette Asset Management LLC bought a new position in Linde in the 3rd quarter valued at approximately $27,000. YANKCOM Partnership boosted its position in Linde by 195.2% in the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock valued at $29,000 after buying an additional 41 shares in the last quarter. Albion Financial Group UT grew its stake in shares of Linde by 87.8% during the third quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock worth $37,000 after buying an additional 36 shares during the last quarter. Finally, Howard Hughes Medical Institute acquired a new position in shares of Linde during the second quarter worth $48,000. Institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LIN shares. JPMorgan Chase & Co. reduced their price objective on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Mizuho set a $495.00 price target on Linde in a research note on Thursday, December 11th. Sanford C. Bernstein reiterated an “outperform” rating and set a $516.00 target price on shares of Linde in a research report on Monday, November 3rd. BMO Capital Markets set a $501.00 price target on shares of Linde in a research report on Wednesday, December 17th. Finally, CICC Research initiated coverage on shares of Linde in a report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price target on the stock. Two 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $499.25.

Linde Stock Performance

NASDAQ:LIN opened at $442.90 on Wednesday. The company has a market capitalization of $206.81 billion, a PE ratio of 29.67, a P/E/G ratio of 3.10 and a beta of 0.85. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $486.38. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82. The company has a 50 day simple moving average of $418.82 and a two-hundred day simple moving average of $449.96.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping 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 net margin of 21.17% and a return on equity of 19.38%. 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 company posted $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. Research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $6.00 annualized dividend and a yield of 1.4%. Linde’s dividend payout ratio (DPR) is currently 40.19%.

Linde 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.