Linde (NASDAQ:LIN) Given New $546.00 Price Target at BMO Capital Markets

Linde (NASDAQ:LIN) had its target price dropped by research analysts at BMO Capital Markets from $560.00 to $546.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ target price points to a potential upside of 11.43% from the company’s current price.

A number of other equities analysts have also recently weighed in on LIN. Weiss Ratings raised Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Royal Bank Of Canada cut their target price on shares of Linde from $576.00 to $553.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised 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. UBS Group set a $612.00 price target on shares of Linde in a report on Monday, August 3rd. Finally, Seaport Research Partners upped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $542.50.

Linde Stock Performance

LIN opened at $489.98 on Monday. Linde has a 1-year low of $387.78 and a 1-year high of $548.20. The stock has a market cap of $225.87 billion, a P/E ratio of 31.65, a P/E/G ratio of 3.09 and a beta of 0.72. The stock’s 50 day simple moving average is $513.19 and its 200 day simple moving average is $498.26. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75.

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

Institutional Investors Weigh In On Linde

Hedge funds have recently bought and sold shares of the business. Darwin Wealth Management LLC bought a new stake in shares of Linde in the second quarter worth $25,000. Legacy Wealth Managment LLC ID boosted its stake in Linde by 96.6% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 28 shares during the last quarter. Triumph Capital Management grew its holdings in Linde by 69.2% during the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 27 shares in the last quarter. Strengthening Families & Communities LLC increased its position in shares of Linde by 134.5% in the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 39 shares during the last quarter. Finally, High Note Wealth LLC raised its stake in shares of Linde by 108.6% in the 4th quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds 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.