Linde (NASDAQ:LIN) Stock Price Target Cut by Citigroup

Linde (NASDAQ:LIN) had its price objective decreased by analysts at Citigroup from $580.00 to $560.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. Citigroup’s price objective points to a potential upside of 15.71% from the company’s current price.

Several other analysts have also recently commented on LIN. DZ Bank restated a “neutral” rating on shares of Linde in a research note on Thursday, August 6th. The Goldman Sachs Group set a $580.00 price target on shares of Linde and gave the stock a “buy” rating in a report on Monday, August 10th. BMO Capital Markets reduced their price objective on shares of Linde from $560.00 to $546.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Berenberg Bank reaffirmed a “buy” rating on shares of Linde in a report on Tuesday, August 4th. Finally, Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Linde currently has an average rating of “Buy” and a consensus target price of $545.80.

Linde Stock Performance

Linde stock traded down $6.00 during mid-day trading on Wednesday, reaching $483.95. 1,118,799 shares of the company were exchanged, compared to its average volume of 2,337,038. The firm’s 50-day simple moving average is $478.94 and its two-hundred day simple moving average is $498.15. Linde has a twelve month low of $387.78 and a twelve month high of $548.20. The firm has a market cap of $223.09 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 2.81 and a beta of 0.71. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, topping the consensus estimate 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 in the prior year, the business earned $4.09 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. Equities analysts predict that Linde will post 17.86 earnings per share for the current fiscal year.

Institutional Trading of Linde

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atwood & Palmer Inc. increased its holdings in Linde by 12.9% in the 2nd quarter. Atwood & Palmer Inc. now owns 175 shares of the basic materials company’s stock valued at $91,000 after buying an additional 20 shares during the period. Meadowbrook Advisors Group LLC lifted its holdings in shares of Linde by 4.3% during the 1st quarter. Meadowbrook Advisors Group LLC now owns 511 shares of the basic materials company’s stock worth $253,000 after acquiring an additional 21 shares during the period. Valmark Advisers Inc. lifted its holdings in shares of Linde by 0.5% during the 1st quarter. Valmark Advisers Inc. now owns 4,159 shares of the basic materials company’s stock worth $2,062,000 after acquiring an additional 22 shares during the period. Ellenbecker Investment Group boosted its position in shares of Linde by 3.7% during the 1st quarter. Ellenbecker Investment Group now owns 652 shares of the basic materials company’s stock valued at $323,000 after acquiring an additional 23 shares in the last quarter. Finally, Principia Wealth Advisory LLC increased its stake in Linde by 74.2% in the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 23 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Company Profile

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company that supplies gases, related equipment and process technologies to customers in healthcare, manufacturing, chemicals, energy, food and beverage, electronics, and other industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide and specialty gases.

The company provides gases through on-site production facilities, pipelines, bulk deliveries and packaged cylinders. It also designs and builds industrial gas plants and offers technologies and services for applications such as hydrogen production, carbon capture, clean energy, semiconductor manufacturing, metal fabrication and medical care.

Linde traces its history to 1879, when German engineer Carl von Linde developed refrigeration and gas-related technologies.