Linde (NASDAQ:LIN) Given New $538.00 Price Target at Argus

Linde (NASDAQ:LIN) had its price target reduced by Argus from $563.00 to $538.00 in a research report released on Monday, Marketbeat Ratings reports. Argus currently has a buy rating on the basic materials company’s stock.

Several other equities analysts have also recently weighed in on LIN. Citigroup decreased their price objective on Linde from $600.00 to $580.00 and set a “buy” rating for the company in a report on Monday, August 3rd. KeyCorp began coverage on Linde in a report on Thursday, September 10th. They set an “overweight” rating and a $542.00 target price on the stock. BMO Capital Markets reduced their price target on Linde from $560.00 to $546.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Evercore restated an “outperform” rating and issued a $525.00 price target on shares of Linde in a research note on Friday, July 10th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $563.00 price target on shares of Linde in a research note on Friday, September 11th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $544.60.

Linde Stock Performance

Shares of LIN opened at $472.04 on Monday. Linde has a 12 month low of $387.78 and a 12 month high of $548.20. The firm has a fifty day simple moving average of $482.57 and a 200 day simple moving average of $498.69. The stock has a market capitalization of $217.60 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 2.74 and a beta of 0.72. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51.

Linde (NASDAQ:LIN) last released its 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 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 the consensus estimate of $9.02 billion. During the same quarter last year, the firm earned $4.09 earnings per share. The firm’s revenue for the quarter 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. Research analysts forecast that Linde will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a dividend of $1.60 per share. The ex-dividend date was Thursday, September 3rd. This represents a $6.40 annualized dividend and a dividend yield of 1.4%. Linde’s payout ratio is currently 41.34%.

Institutional Investors Weigh In On Linde

A number of institutional investors and hedge funds have recently modified their holdings of the company. Principia Wealth Advisory LLC raised 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 buying an additional 23 shares during the period. Legacy Wealth Managment LLC ID boosted its stake in shares of Linde by 96.6% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 28 shares during the period. Manning & Napier Advisors LLC boosted its stake in shares of Linde by 1,450.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 58 shares during the period. HHM Wealth Advisors LLC increased its holdings in shares of Linde by 257.1% during the 1st quarter. HHM Wealth Advisors LLC now owns 75 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 54 shares during the last quarter. Finally, Abound Financial LLC acquired a new position in shares of Linde during the 4th quarter worth approximately $36,000. 82.80% of the stock is owned by institutional investors.

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.