Linde (NASDAQ:LIN) Price Target Raised to $564.00

by · The Markets Daily

Linde (NASDAQ:LIN – Free Report) had its price target increased by Sanford C. Bernstein from $559.00 to $564.00 in a research report sent to investors on Monday, MarketBeat reports. Sanford C. Bernstein currently has an outperform rating on the basic materials company’s stock.

A number of other equities analysts have also weighed in on the stock. UBS Group set a $612.00 target price on shares of Linde in a research report on Monday. Seaport Research Partners raised their target price on shares of Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Evercore reiterated an “outperform” rating and issued a $525.00 price target on shares of Linde in a report on Friday, July 10th. JPMorgan Chase & Co. boosted their price target on shares of Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $575.00 price objective on shares of Linde in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $543.67.

Get Our Latest Stock Analysis on LIN

Linde Stock Up 1.3%

NASDAQ LIN opened at $491.05 on Monday. Linde has a 12 month low of $387.78 and a 12 month high of $548.20. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. The stock has a market cap of $226.36 billion, a PE ratio of 31.72, a P/E/G ratio of 3.05 and a beta of 0.72. The stock’s 50 day moving average is $513.58 and its 200 day moving average is $497.54.

Linde (NASDAQ:LIN – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.49 by $0.01. Linde had a net margin of 20.43% and a return on equity of 20.09%. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same period last year, the firm posted $4.09 EPS. The company’s 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 predict that Linde will post 17.84 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Linde’s payout ratio is 41.34%.

Hedge Funds Weigh In On Linde

A number of institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in Linde in the fourth quarter worth about $3,246,750,000. Auto Owners Insurance Co increased its position in Linde by 42,539.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,321,809 shares of the basic materials company’s stock valued at $56,361,000 after purchasing an additional 1,318,709 shares during the period. Capital International Investors raised its holdings in shares of Linde by 20.1% in the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock valued at $3,245,255,000 after purchasing an additional 1,275,477 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Linde by 40.2% in the 4th quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock valued at $1,680,710,000 after purchasing an additional 1,130,001 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Linde by 26.0% in the 4th quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company’s stock valued at $2,303,494,000 after purchasing an additional 1,114,751 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

About Linde

(Get Free Report)

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.

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