Royal Bank Of Canada Has Lowered Expectations for Linde (NASDAQ:LIN) Stock Price

Linde (NASDAQ:LIN) had its target price decreased by Royal Bank Of Canada from $576.00 to $553.00 in a report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 15.09% from the company’s previous close.

Several other brokerages have also issued reports on LIN. BMO Capital Markets reaffirmed an “outperform” rating and issued a $560.00 target price on shares of Linde in a research note on Tuesday, May 5th. JPMorgan Chase & Co. lifted 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. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. 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. Finally, Sanford C. Bernstein increased their target price on shares of Linde from $559.00 to $564.00 and gave the company an “outperform” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $545.33.

Linde Price Performance

NASDAQ LIN traded up $2.13 during trading hours on Monday, reaching $480.51. 910,873 shares of the stock traded hands, compared to its average volume of 2,414,958. The stock has a 50 day simple moving average of $515.27 and a two-hundred day simple moving average of $496.61. Linde has a 1 year low of $387.78 and a 1 year high of $548.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. The company has a market cap of $222.16 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 3.03 and a beta of 0.72.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.49 by $0.01. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%.The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business earned $4.09 EPS. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. On average, analysts predict that Linde will post 17.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Linde

Several hedge funds and other institutional investors have recently modified their holdings of LIN. First Community Trust NA purchased a new position in Linde during the 2nd quarter valued at about $99,000. Ballast Inc. lifted its holdings in Linde by 141.2% in the 2nd quarter. Ballast Inc. now owns 1,025 shares of the basic materials company’s stock worth $532,000 after buying an additional 600 shares during the period. Regent Peak Wealth Advisors LLC lifted its holdings in Linde by 9.8% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 1,507 shares of the basic materials company’s stock worth $782,000 after buying an additional 135 shares during the period. Canvas Wealth Advisors LLC grew its position in shares of Linde by 8.2% in the 2nd quarter. Canvas Wealth Advisors LLC now owns 527 shares of the basic materials company’s stock worth $273,000 after buying an additional 40 shares during the last quarter. Finally, Generali Investments Management Co LLC bought a new stake in shares of Linde in the 2nd quarter worth approximately $2,931,000. 82.80% of the stock is owned by institutional investors.

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.