Linde (NASDAQ:LIN) Price Target Raised to $599.00

Linde (NASDAQ:LIN) had its price target increased by Sanford C. Bernstein from $561.00 to $599.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an outperform rating on the basic materials company’s stock.

Several other brokerages have also weighed in on LIN. Seaport Research Partners increased their price objective on shares of Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Linde in a report on Friday. Evercore reiterated an “outperform” rating and issued a $525.00 price target on shares of Linde in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $575.00 price target on shares of Linde in a report on Monday, May 4th. Finally, BMO Capital Markets restated an “outperform” rating and set a $560.00 price objective on shares of Linde in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $548.67.

Linde Price Performance

LIN stock opened at $513.22 on Friday. Linde has a 1-year low of $387.78 and a 1-year high of $548.20. The business’s 50 day simple moving average is $515.95 and its 200 day simple moving average is $491.54. The company has a current ratio of 0.83, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $237.29 billion, a PE ratio of 34.08, a PEG ratio of 3.22 and a beta of 0.72.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. During the same quarter last year, the firm posted $3.95 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. As a group, research analysts anticipate that Linde will post 17.88 EPS for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 4th. Linde’s dividend payout ratio (DPR) is currently 42.50%.

Institutional Trading of Linde

A number of institutional investors have recently bought and sold shares of LIN. First Community Trust NA acquired a new position in shares of Linde during the 2nd quarter worth approximately $99,000. Ballast Inc. increased its holdings in shares of Linde by 141.2% during the second quarter. Ballast Inc. now owns 1,025 shares of the basic materials company’s stock worth $532,000 after purchasing an additional 600 shares during the period. Regent Peak Wealth Advisors LLC raised its position in shares of Linde by 9.8% in the second quarter. Regent Peak Wealth Advisors LLC now owns 1,507 shares of the basic materials company’s stock valued at $782,000 after buying an additional 135 shares in the last quarter. Canvas Wealth Advisors LLC raised its position in shares of Linde by 8.2% in the second quarter. Canvas Wealth Advisors LLC now owns 527 shares of the basic materials company’s stock valued at $273,000 after buying an additional 40 shares in the last quarter. Finally, Generali Investments Management Co LLC bought a new stake in shares of Linde in the second quarter valued at approximately $2,931,000. Institutional investors own 82.80% of the company’s stock.

Linde Company Profile

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.