Linde (NASDAQ:LIN) Upgraded at Barclays

Barclays upgraded shares of Linde (NASDAQ:LIN – Free Report) to a strong-buy rating in a research report report published on Monday,Zacks reports.

Other equities research analysts have also recently issued reports about the company. Bank of America lifted their target price on Linde from $532.00 to $550.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Sanford C. Bernstein restated an “outperform” rating on shares of Linde in a research report on Monday, October 5th. Berenberg Bank reaffirmed a “buy” rating on shares of Linde in a research note on Tuesday, August 4th. DZ Bank reaffirmed a “neutral” rating on shares of Linde in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Linde from $580.00 to $575.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Linde currently has an average rating of “Buy” and a consensus price target of $547.29.

View Our Latest Stock Report on LIN

Linde Stock Performance

Shares of Linde stock opened at $492.70 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75. The firm has a market cap of $227.12 billion, a P/E ratio of 31.83, a P/E/G ratio of 2.87 and a beta of 0.71. The firm has a 50 day simple moving average of $478.29 and a 200 day simple moving average of $498.13. Linde has a fifty-two week low of $387.78 and a fifty-two week high of $548.20.

Linde (NASDAQ:LIN – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share 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 during the quarter, compared to analysts’ expectations of $9.02 billion. During the same quarter in the previous year, the company posted $4.09 EPS. Linde’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. Sell-side analysts predict that Linde will post 17.86 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors 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 of this dividend was Thursday, September 3rd. Linde’s payout ratio is 41.34%.

Hedge Funds Weigh In On Linde

Several large investors have recently bought and sold shares of LIN. Sanders Morris Harris LLC acquired a new position in shares of Linde in the 3rd quarter valued at approximately $847,000. First Financial Bank Trust Division bought a new stake in Linde during the 3rd quarter worth approximately $4,034,000. Hikari Power Ltd acquired a new stake in Linde during the 2nd quarter worth approximately $20,965,000. Patriot Financial Group Insurance Agency LLC raised its holdings in Linde by 271.8% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 8,462 shares of the basic materials company’s stock worth $4,195,000 after buying an additional 6,186 shares during the period. Finally, Generali Investments Management Co LLC acquired a new stake in Linde during the 2nd quarter worth approximately $2,931,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Linde (NASDAQ:LIN)

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