Citigroup Cuts Linde (NASDAQ:LIN) Price Target to $580.00

Linde (NASDAQ:LIN) had its price objective cut by Citigroup from $600.00 to $580.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. lifted their target price on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a report on Monday, May 4th. BMO Capital Markets reissued an “outperform” rating and issued a $560.00 price target on shares of Linde in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. UBS Group set a $612.00 price objective on shares of Linde in a research note on Monday. Finally, Evercore reaffirmed an “outperform” rating and set a $525.00 target price on shares of Linde in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $543.67.

Linde Trading Up 1.3%

NASDAQ:LIN opened at $491.05 on Monday. Linde has a 1 year low of $387.78 and a 1 year high of $548.20. The stock’s fifty day moving average price is $513.58 and its two-hundred day moving average price is $497.54. 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 company has a market cap of $226.36 billion, a P/E ratio of 31.72, a P/E/G ratio of 3.05 and a beta of 0.72.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating 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 company had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.02 billion. During the same period in the previous year, the business earned $4.09 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. 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, analysts expect that Linde will post 17.84 EPS for the current year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, September 3rd. Linde’s payout ratio is presently 41.34%.

Institutional Trading of Linde

Several institutional investors and hedge funds have recently modified their holdings of LIN. Capital International Investors boosted its holdings in Linde by 20.1% in the 4th 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. Boston Trust Walden Corp lifted its position in shares of Linde by 143.4% in the fourth quarter. Boston Trust Walden Corp now owns 15,044 shares of the basic materials company’s stock valued at $6,415,000 after acquiring an additional 8,863 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Linde by 177.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,263,064 shares of the basic materials company’s stock valued at $538,558,000 after acquiring an additional 807,370 shares in the last quarter. Trium Capital LLP boosted its stake in shares of Linde by 85.3% in the fourth quarter. Trium Capital LLP now owns 5,132 shares of the basic materials company’s stock worth $2,188,000 after acquiring an additional 2,362 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Linde by 6.5% in the fourth quarter. Legal & General Group Plc now owns 2,935,016 shares of the basic materials company’s stock worth $1,251,430,000 after acquiring an additional 179,359 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

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.