Linde PLC (NASDAQ:LIN) Stock Has Average Target Price of $547.29

Shares of Linde PLC (NASDAQ:LIN) have been assigned an average rating of “Buy” from the twenty-four analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $547.10.

Several brokerages have recently issued reports on LIN. Royal Bank Of Canada lowered their price target on Linde from $553.00 to $549.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Berenberg Bank reissued a “buy” rating on shares of Linde in a research report on Tuesday, August 4th. Evercore increased their target price on shares of Linde from $515.00 to $525.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Barclays started coverage on Linde in a research report on Monday, October 12th. They issued an “overweight” rating and a $577.00 price objective for the company. Finally, Jefferies Financial Group upped their price target on Linde from $535.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, August 3rd.

Linde Price Performance

NASDAQ LIN opened at $500.57 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. Linde has a 12-month low of $387.78 and a 12-month high of $548.20. The company has a 50 day moving average price of $479.39 and a two-hundred day moving average price of $498.24. The stock has a market capitalization of $230.75 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 2.93 and a beta of 0.71.

Linde (NASDAQ:LIN) last issued 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 net margin of 20.43% and a return on equity of 20.09%. Linde’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $4.09 earnings per share. 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, equities analysts predict that Linde will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm 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. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 3rd. Linde’s dividend payout ratio is currently 41.34%.

Institutional Investors Weigh In On Linde

Several hedge funds have recently added to or reduced their stakes in LIN. Legacy Wealth Managment LLC ID boosted its position in shares of Linde by 96.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 28 shares during the period. Principia Wealth Advisory LLC increased its stake in shares of 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 purchasing an additional 23 shares during the last quarter. Marquette Asset Management LLC bought a new position in Linde in the third quarter valued at about $29,000. Manning & Napier Advisors LLC increased its position in 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 purchasing an additional 58 shares in the last quarter. Finally, Polaris Financial Partners acquired a new position in shares of Linde during the third quarter worth $31,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

About Linde

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company. It produces and distributes atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide and specialty gases. The company serves customers through packaged gases, bulk deliveries, on-site production and pipeline systems.

Linde’s products and services support a broad range of industries, including healthcare, food and beverage, manufacturing, chemicals, energy, refining, electronics and metals.