Linde PLC (NASDAQ:LIN – Get Free Report) has been assigned a consensus rating of “Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $545.0714.
LIN has been the subject of several research analyst reports. The Goldman Sachs Group set a $580.00 price objective on shares of Linde in a report on Monday, August 10th. Evercore reissued an “outperform” rating and issued a $525.00 target price on shares of Linde in a research report on Friday, July 10th. KeyCorp initiated coverage on Linde in a research report on Thursday, September 10th. They set an “overweight” rating and a $542.00 price target on the stock. UBS Group reiterated an “outperform” rating on shares of Linde in a report on Friday, September 11th. Finally, Citigroup lowered their price objective on Linde from $600.00 to $580.00 and set a “buy” rating for the company in a research report on Monday, August 3rd.
Get Our Latest Stock Report on LIN
Linde Stock Performance
Linde (NASDAQ:LIN – Get Free Report) last released 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 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 analysts’ expectations of $9.02 billion. During the same quarter last year, the business 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. As a group, equities analysts anticipate that Linde will post 17.86 EPS for the current year.
Linde Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, September 3rd. Linde’s dividend payout ratio is 41.34%.
Institutional Investors Weigh In On Linde
Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in Linde by 3.7% in the second quarter. State Street Corp now owns 20,344,181 shares of the basic materials company’s stock worth $10,558,016,000 after buying an additional 719,052 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Linde by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 11,353,011 shares of the basic materials company’s stock valued at $4,820,533,000 after buying an additional 35,945 shares during the period. Capital Research Global Investors lifted its holdings in Linde by 8.6% in the fourth quarter. Capital Research Global Investors now owns 10,127,594 shares of the basic materials company’s stock valued at $4,318,325,000 after acquiring an additional 797,866 shares during the period. Norges Bank purchased a new position in shares of Linde in the fourth quarter worth approximately $3,246,750,000. Finally, Capital International Investors grew its position in shares of Linde by 20.1% during the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock valued at $3,245,255,000 after acquiring an additional 1,275,477 shares during the period. 82.80% of the stock is owned by institutional investors.
About Linde
Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company that supplies gases, related equipment and process technologies to customers across a range of industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, specialty gases and medical gases.
The company serves customers in sectors including healthcare, manufacturing, food and beverage, electronics, chemicals, energy and metals. Linde also designs and builds industrial gas plants and provides engineering, project management and process technology services for industrial and energy applications.
Linde traces its history to 1879 and was formed in its current structure through the 2018 merger of Linde AG and Praxair, Inc The company operates internationally, serving customers in numerous countries across the Americas, Europe, Asia and other regions.
Featured Articles
- Five stocks we like better than Linde
- Meta’s Muse Highlights Arm’s Growing Role in AI Infrastructure
- Oura’s $15.6 Billion IPO Is Betting Investors See More Than a Smart Ring
- AMD Chips Away at NVIDIA’s AI Throne
- Is the Fed Playing Chess With Rates—Or Just Behind the Curve Again?
Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.
