Linde (NASDAQ:LIN) Price Target Raised to $530.00

Linde (NASDAQ:LIN) had its target price increased by JPMorgan Chase & Co. from $525.00 to $530.00 in a report issued on Monday,Benzinga reports. The firm currently has an overweight rating on the basic materials company’s stock.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 price objective on shares of Linde in a research report on Monday. Erste Group Bank upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Weiss Ratings downgraded shares of Linde from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, April 29th. Seaport Research Partners upped their price objective on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Linde in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $540.00.

Linde Stock Up 0.3%

Shares of NASDAQ:LIN opened at $501.87 on Monday. The stock has a market cap of $232.04 billion, a P/E ratio of 33.32, a P/E/G ratio of 3.15 and a beta of 0.73. The firm has a fifty day moving average price of $497.08 and a 200 day moving average price of $456.81. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. Linde has a 1-year low of $387.78 and a 1-year high of $521.28.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The firm had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.60 billion. Linde had a net margin of 20.44% and a return on equity of 19.80%. Linde’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.95 EPS. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Sell-side analysts predict that Linde will post 17.85 EPS for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a dividend of $1.60 per share. The ex-dividend date is Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Linde’s dividend payout ratio is presently 42.50%.

Insider Transactions at Linde

In other news, EVP Sean Durbin sold 6,520 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total value of $3,111,800.40. Following the completion of the transaction, the executive vice president owned 8,151 shares in the company, valued at $3,890,227.77. This trade represents a 44.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Guillermo Bichara sold 9,455 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $480.45, for a total transaction of $4,542,654.75. Following the completion of the transaction, the vice president owned 22,138 shares of the company’s stock, valued at $10,636,202.10. This represents a 29.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,332 shares of company stock valued at $9,749,257 in the last quarter. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Linde

A number of large investors have recently made changes to their positions in the stock. Aviance Capital Partners LLC increased its holdings in shares of Linde by 0.7% in the 1st quarter. Aviance Capital Partners LLC now owns 18,420 shares of the basic materials company’s stock valued at $9,132,000 after purchasing an additional 129 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Linde by 15.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,015 shares of the basic materials company’s stock valued at $503,000 after purchasing an additional 138 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Linde by 5.3% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 241,047 shares of the basic materials company’s stock valued at $118,969,000 after purchasing an additional 12,096 shares in the last quarter. Heartland Bank & Trust Co increased its holdings in shares of Linde by 28.0% in the 1st quarter. Heartland Bank & Trust Co now owns 2,294 shares of the basic materials company’s stock valued at $1,137,000 after purchasing an additional 502 shares in the last quarter. Finally, Zhang Financial LLC increased its holdings in shares of Linde by 16.0% in the 1st quarter. Zhang Financial LLC now owns 3,201 shares of the basic materials company’s stock valued at $1,587,000 after purchasing an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

About Linde

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.