CICC Initiates Linde (LIN) With Outperform as Earnings Hit New Highs

Core Insights - Linde plc (NASDAQ:LIN) has been recognized as a strong investment opportunity, being included among the 15 Blue Chip Dividend Stocks for passive income generation [1] - CICC has initiated coverage on Linde with an Outperform rating and a price target of $510, reflecting confidence in the company's future performance [2] Financial Performance - For Q3 2025, Linde reported revenues of $8.6 billion, marking a 3% increase year-over-year, with acquisitions contributing an additional 1% to revenue growth [3] - The company's earnings per share (EPS) reached an all-time high of $4.21, achieved while maintaining industry-leading margins and shareholder returns [3] - Operating cash flow grew by 8% year-over-year to $2.9 billion, with free cash flow after capital expenditures at $1.6 billion, sufficient to cover dividends and share repurchases totaling $1.68 billion [4] - Linde achieved its 32nd consecutive year of dividend growth in 2025, demonstrating a stable cash position [4] Market Position - Linde is identified as a global leader in the chemical industry and one of the largest suppliers of industrial gases, indicating a strong market presence [4]