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

Linde (NASDAQ:LIN) had its price target dropped by stock analysts at Argus from $563.00 to $538.00 in a research note issued on Monday, Marketbeat.com reports. The firm presently has a “buy” rating on the basic materials company’s stock. Argus’ price target indicates a potential upside of 13.65% from the company’s current price.

LIN has been the topic of several other research reports. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Citigroup reduced their target price on Linde from $600.00 to $580.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. KeyCorp initiated coverage on Linde in a research report on Thursday, September 10th. They issued an “overweight” rating and a $542.00 target price on the stock. Evercore reissued an “outperform” rating and set 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 set a $563.00 price target (up from $559.00) on shares of Linde in a report on Friday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $547.05.

Linde Trading Up 0.3%

Shares of LIN opened at $473.37 on Monday. The firm has a market cap of $218.21 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 2.75 and a beta of 0.72. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. Linde has a 1 year low of $387.78 and a 1 year high of $548.20. The company has a 50 day simple moving average of $481.93 and a two-hundred day simple moving average of $498.63.

Linde (NASDAQ:LIN) last released its 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 net margin of 20.43% and a return on equity of 20.09%. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter in the previous year, the firm 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. On average, equities analysts expect that Linde will post 17.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Linde

Several large investors have recently modified their holdings of LIN. Auto Owners Insurance Co lifted its position in Linde by 42,539.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,321,809 shares of the basic materials company’s stock worth $56,361,000 after buying an additional 1,318,709 shares during the last quarter. Capital International Investors lifted its holdings in shares of Linde by 20.1% in the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after acquiring an additional 1,275,477 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Linde by 40.2% during the 4th quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock worth $1,680,710,000 after purchasing an additional 1,130,001 shares during the period. Invesco Ltd. grew its holdings in Linde by 26.0% during the 4th quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company’s stock valued at $2,303,494,000 after purchasing an additional 1,114,751 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Linde by 27.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,207,374 shares of the basic materials company’s stock worth $1,793,982,000 after purchasing an additional 912,025 shares during the period. 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.