Linde (NASDAQ:LIN) Reaches New 52-Week High – Here’s Why

Linde PLC (NASDAQ:LIN) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $548.20 and last traded at $539.1630, with a volume of 244118 shares. The stock had previously closed at $540.52.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LIN shares. Royal Bank Of Canada raised their price objective on Linde from $552.00 to $570.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. Seaport Research Partners increased their price target on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. BMO Capital Markets reissued an “outperform” rating and set a $560.00 price target on shares of Linde in a research report on Tuesday, May 5th. Finally, UBS Group reissued a “buy” rating and set a $600.00 price objective on shares of Linde in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $543.27.

Linde Trading Down 0.1%

The firm’s 50 day moving average price is $511.51 and its 200-day moving average price is $484.30. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.69. The stock has a market cap of $249.75 billion, a P/E ratio of 35.95, a P/E/G ratio of 3.43 and a beta of 0.72.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.27 by $0.06. Linde had a net margin of 20.44% and a return on equity of 19.80%. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.60 billion. During the same quarter last year, the firm earned $3.95 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. As a group, equities research analysts forecast that Linde PLC will post 17.86 earnings per share for the current year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were issued a $1.60 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.2%. Linde’s dividend payout ratio (DPR) is presently 42.50%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Darwin Wealth Management LLC bought a new stake in Linde in the 2nd quarter worth about $25,000. Legacy Wealth Managment LLC ID lifted its stake in Linde by 96.6% during the 1st 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. Triumph Capital Management lifted its stake in Linde by 69.2% during the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 27 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Linde during the 3rd quarter valued at about $29,000. Finally, Saranac Partners Ltd purchased a new stake in shares of Linde during the 3rd quarter valued at about $29,000. 82.80% of the stock is owned by institutional investors.

About Linde

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.