Robeco Institutional Asset Management B.V. Makes New $46.51 Million Investment in Linde PLC $LIN

Robeco Institutional Asset Management B.V. purchased a new position in Linde PLC (NASDAQ:LIN – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 97,996 shares of the basic materials company’s stock, valued at approximately $46,514,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Linde by 3.7% during the second quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock valued at $10,558,016,000 after purchasing an additional 719,052 shares in the last quarter. Amundi grew its position in shares of Linde by 13.4% in the first quarter. Amundi now owns 3,162,409 shares of the basic materials company’s stock valued at $1,567,796,000 after purchasing an additional 373,012 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Linde by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,740,541 shares of the basic materials company’s stock valued at $1,358,712,000 after purchasing an additional 64,078 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Linde by 28.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,624,728 shares of the basic materials company’s stock worth $805,475,000 after purchasing an additional 361,664 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Linde by 6.6% during the first quarter. Swiss National Bank now owns 1,370,361 shares of the basic materials company’s stock worth $679,370,000 after purchasing an additional 85,360 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. KeyCorp started coverage on shares of Linde in a research report on Thursday, September 10th. They set an “overweight” rating and a $542.00 price target for the company. UBS Group decreased their price target on shares of Linde from $612.00 to $574.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. The Goldman Sachs Group set a $580.00 price objective on Linde and gave the stock a “buy” rating in a report on Monday, August 10th. Berenberg Bank reiterated a “buy” rating on shares of Linde in a research note on Tuesday, August 4th. Finally, Evercore increased their target price on Linde from $515.00 to $525.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Linde presently has an average rating of “Buy” and an average target price of $547.10.

Get Our Latest Research Report on Linde

Linde Trading Up 2.0%

Shares of LIN stock opened at $510.36 on Friday. The stock’s fifty day moving average is $480.03 and its two-hundred day moving average is $498.29. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88. The firm has a market capitalization of $235.27 billion, a P/E ratio of 32.97, a PEG ratio of 2.92 and a beta of 0.71. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20.

Linde (NASDAQ:LIN – Get Free Report) last announced its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.01. Linde had a net margin of 20.43% and a return on equity of 20.09%. The company had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the previous year, the company posted $4.09 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. Research analysts expect that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a dividend of $1.60 per share. The ex-dividend date was Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Linde’s payout ratio is presently 41.34%.

Linde Company Profile

(Free Report)

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company. It produces and distributes atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide and specialty gases. The company serves customers through packaged gases, bulk deliveries, on-site production and pipeline systems.

Linde’s products and services support a broad range of industries, including healthcare, food and beverage, manufacturing, chemicals, energy, refining, electronics and metals.

See Also

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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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