Linde (NASDAQ:LIN) Stock Price Target Cut by Royal Bank Of Canada

Linde (NASDAQ:LIN) had its price target dropped by analysts at Royal Bank Of Canada from $553.00 to $549.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 10.38% from the company’s previous close.

A number of other research analysts have also recently issued reports on LIN. DZ Bank reissued a “neutral” rating on shares of Linde in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft dropped their price target on Linde from $580.00 to $575.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. BMO Capital Markets reiterated an “outperform” rating on shares of Linde in a report on Thursday, October 8th. Jefferies Financial Group lifted their price objective on Linde from $535.00 to $560.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, Berenberg Bank reiterated a “buy” rating on shares of Linde in a research report on Tuesday, August 4th. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $547.10.

Linde Trading Up 1.0%

Shares of LIN stock traded up $4.68 on Thursday, hitting $497.38. The stock had a trading volume of 315,458 shares, compared to its average volume of 2,317,456. Linde has a twelve month low of $387.78 and a twelve month high of $548.20. The firm has a market cap of $229.28 billion, a P/E ratio of 32.09, a PEG ratio of 2.87 and a beta of 0.71. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average price of $478.29 and a two-hundred day moving average price of $498.13.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.01. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company 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. As a group, analysts forecast that Linde will post 17.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Linde

A number of large investors have recently added to or reduced their stakes in LIN. Atwood & Palmer Inc. grew its holdings in shares of Linde by 12.9% during the second quarter. Atwood & Palmer Inc. now owns 175 shares of the basic materials company’s stock worth $91,000 after buying an additional 20 shares in the last quarter. Meadowbrook Advisors Group LLC raised its position in Linde by 4.3% in the 1st quarter. Meadowbrook Advisors Group LLC now owns 511 shares of the basic materials company’s stock valued at $253,000 after buying an additional 21 shares during the last quarter. Valmark Advisers Inc. lifted its stake in Linde by 0.5% in the 1st quarter. Valmark Advisers Inc. now owns 4,159 shares of the basic materials company’s stock valued at $2,062,000 after acquiring an additional 22 shares in the last quarter. Ellenbecker Investment Group lifted its stake in Linde by 3.7% in 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 lifted its stake in Linde by 74.2% in the 2nd 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 in the last quarter. Institutional investors own 82.80% of the company’s stock.

About Linde

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.