Robeco Institutional Asset Management B.V. Has $255.15 Million Position in Linde PLC $LIN

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Linde PLC by 4.3%, now holding 543,812 shares worth approximately $255.15 million.
• Analysts have a consensus rating of "Buy" for Linde, with price targets ranging from $475 to $576, indicating strong investor confidence.
• Linde reported earnings of $4.09 per share for the latest quarter, exceeding estimates, and a quarterly dividend of $1.50, reflecting a 1.3% dividend yield.

Robeco Institutional Asset Management B.V. reduced its stake in Linde PLC (NASDAQ:LIN - Free Report) by 4.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 543,812 shares of the basic materials company's stock after selling 24,676 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.12% of Linde worth $255,146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. North Capital Inc. bought a new position in Linde in the 1st quarter valued at approximately $25,000. Abound Financial LLC bought a new position in Linde in the 1st quarter valued at approximately $41,000. eCIO Inc. bought a new position in Linde in the 1st quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Linde by 445.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock valued at $51,000 after buying an additional 89 shares during the last quarter. Finally, Nova Wealth Management Inc. bought a new position in Linde in the 1st quarter valued at approximately $52,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and raised their price objective for the company from $500.00 to $535.00 in a report on Monday, June 30th. UBS Group raised their price target on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Royal Bank Of Canada began coverage on shares of Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $519.63.

Linde Stock Down 1.7%

Linde stock opened at $466.81 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49. The firm has a 50 day moving average price of $474.74 and a two-hundred day moving average price of $464.21. The firm has a market cap of $218.89 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 3.14 and a beta of 0.94.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.06. The company had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. Linde's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.85 EPS. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Equities analysts predict that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $1.50 dividend. The ex-dividend date was Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. Linde's payout ratio is currently 42.67%.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the sale, the director owned 480,543 shares in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is owned by corporate insiders.

Linde Company Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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