Argus Cuts Linde (NASDAQ:LIN) Price Target to $538.00

Linde (NASDAQ:LIN) had its price target cut by Argus from $563.00 to $538.00 in a research report report published on Monday, MarketBeat Ratings reports. They currently have a buy rating on the basic materials company’s stock.

LIN has been the subject of a number of other research reports. The Goldman Sachs Group set a $580.00 target price on shares of Linde and gave the stock a “buy” rating in a research report on Monday, August 10th. UBS Group reiterated an “outperform” rating on shares of Linde in a research report on Friday, September 11th. Royal Bank Of Canada dropped their price objective on shares of Linde from $576.00 to $553.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Sanford C. Bernstein restated an “outperform” rating and set a $563.00 price objective (up from $559.00) on shares of Linde in a research report on Friday, September 11th. Finally, KeyCorp assumed coverage on Linde in a research report on Thursday, September 10th. They set an “overweight” rating and a $542.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $547.05.

Linde Stock Up 0.3%

Linde stock opened at $474.65 on Monday. Linde has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The firm has a market capitalization of $218.80 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.76 and a beta of 0.72. The stock’s fifty day moving average is $481.25 and its two-hundred day moving average is $498.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%.The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same quarter in the previous year, the company posted $4.09 EPS. The business’s revenue was up 9.3% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. Analysts predict that Linde will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were given a dividend of $1.60 per share. The ex-dividend date was Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is 41.34%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LIN. State Street Corp grew its position in shares of Linde by 3.7% in the second quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock valued at $10,558,016,000 after purchasing an additional 719,052 shares during the period. Capital Research Global Investors lifted its position in Linde by 8.6% during the fourth quarter. Capital Research Global Investors now owns 10,127,594 shares of the basic materials company’s stock worth $4,318,325,000 after buying an additional 797,866 shares during the period. Capital International Investors lifted its position in Linde by 20.1% during the fourth quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after buying an additional 1,275,477 shares during the period. Invesco Ltd. boosted its stake in Linde by 26.0% in the 4th quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company’s stock worth $2,303,494,000 after buying an additional 1,114,751 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 buying an additional 912,025 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

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.