Raiffeisen Bank International AG Cuts Stock Holdings in Linde PLC $LIN

Raiffeisen Bank International AG trimmed its stake in shares of Linde PLC (NASDAQ:LIN) by 5.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 167,713 shares of the basic materials company’s stock after selling 9,650 shares during the period. Linde accounts for 1.1% of Raiffeisen Bank International AG’s portfolio, making the stock its 16th largest holding. Raiffeisen Bank International AG’s holdings in Linde were worth $76,616,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Symphony Financial Ltd. Co. bought a new stake in shares of Linde during the second quarter valued at approximately $20,033,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Linde by 5.2% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 852,470 shares of the basic materials company’s stock valued at $399,962,000 after purchasing an additional 42,442 shares during the last quarter. Generali Investments Management Co LLC raised its holdings in Linde by 11.6% in the second quarter. Generali Investments Management Co LLC now owns 3,584 shares of the basic materials company’s stock worth $1,679,000 after purchasing an additional 372 shares in the last quarter. Mar Vista Investment Partners LLC lifted its position in shares of Linde by 9.7% during the second quarter. Mar Vista Investment Partners LLC now owns 120,786 shares of the basic materials company’s stock valued at $56,670,000 after buying an additional 10,717 shares during the last quarter. Finally, Summitry LLC boosted its holdings in shares of Linde by 11.2% in the 2nd quarter. Summitry LLC now owns 924 shares of the basic materials company’s stock valued at $434,000 after buying an additional 93 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Stock Performance

Shares of LIN opened at $423.39 on Monday. The stock has a 50-day simple moving average of $454.27 and a 200-day simple moving average of $462.57. 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 1 year low of $408.65 and a 1 year high of $486.38. The stock has a market capitalization of $197.70 billion, a PE ratio of 30.11, a PEG ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the prior year, the business earned $3.94 EPS. Linde’s quarterly revenue was up 2.9% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. On average, analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a $1.50 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. Linde’s dividend payout ratio is 40.19%.

Analyst Ratings Changes

Several brokerages have recently issued reports on LIN. JPMorgan Chase & Co. dropped 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. Sanford C. Bernstein reiterated an “outperform” rating and issued a $516.00 price objective on shares of Linde in a report on Monday, November 3rd. Citigroup reduced their target price on Linde from $535.00 to $520.00 and set a “buy” rating for the company in a report on Monday, November 3rd. UBS Group lowered their price target on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Finally, Royal Bank Of Canada dropped their price target on Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Linde has an average rating of “Buy” and a consensus price target of $508.83.

About Linde

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.