Linde (NASDAQ:LIN) Given New $599.00 Price Target at Sanford C. Bernstein

Linde (NASDAQ:LIN) had its price objective hoisted by investment analysts at Sanford C. Bernstein from $561.00 to $599.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. Sanford C. Bernstein’s price target suggests a potential upside of 16.06% from the company’s previous close.

Other analysts also recently issued reports about the company. UBS Group reiterated a “buy” rating and set a $600.00 target price on shares of Linde in a research report on Tuesday, June 2nd. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Citigroup assumed coverage on Linde in a research note on Wednesday, June 24th. They set an “overweight” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $575.00 price objective on shares of Linde in a research report on Monday, May 4th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $560.00 price objective on shares of Linde in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Linde currently has an average rating of “Buy” and a consensus price target of $548.67.

Linde Price Performance

Linde stock traded down $4.61 during mid-day trading on Friday, reaching $516.13. The company had a trading volume of 963,419 shares, compared to its average volume of 2,430,746. The stock’s 50-day simple moving average is $515.55 and its 200-day simple moving average is $490.93. 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 0.50, a current ratio of 0.83 and a quick ratio of 0.69. The company has a market capitalization of $238.63 billion, a P/E ratio of 34.28, a P/E/G ratio of 3.23 and a beta of 0.72.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping the consensus estimate of $4.27 by $0.06. The business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.95 EPS. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. On average, equities analysts predict that Linde will post 17.86 EPS for the current year.

Institutional Investors Weigh In On Linde

A number of hedge funds and other institutional investors have recently modified their holdings of LIN. Darwin Wealth Management LLC purchased a new position in shares of Linde during the second quarter valued at approximately $25,000. Legacy Wealth Managment LLC ID grew its stake in Linde by 96.6% in 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. Triumph Capital Management grew its stake in Linde by 69.2% in 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 during the period. Saranac Partners Ltd acquired a new position in Linde in the 3rd quarter valued at $29,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in Linde in the 3rd quarter valued at $29,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

About Linde

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.