Linde (NASDAQ:LIN) Stock Gets Price Target Cut from Citigroup

Linde (NASDAQ:LIN) had its price objective reduced by Citigroup from $580.00 to $560.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

A number of other analysts have also issued reports on the stock. Royal Bank Of Canada dropped their price target 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. UBS Group reduced their price objective on shares of Linde from $612.00 to $574.00 and set a “buy” rating on the stock in a research note on Monday. BMO Capital Markets decreased their price objective on shares of Linde from $560.00 to $546.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Linde from $580.00 to $575.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Finally, The Goldman Sachs Group set a $580.00 target price on shares of Linde and gave the company a “buy” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $545.80.

Linde Trading Up 0.4%

NASDAQ:LIN opened at $483.73 on Wednesday. The stock has a market cap of $222.99 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 2.81 and a beta of 0.71. Linde has a one year low of $387.78 and a one year high of $548.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88. The business’s 50-day simple moving average is $477.97 and its 200 day simple moving average is $497.96.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share for the quarter, beating analysts’ consensus estimates of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%. The firm had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.02 billion. During the same quarter last year, the firm earned $4.09 EPS. Linde’s quarterly 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, sell-side analysts predict that Linde will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Thursday, September 3rd. This represents a $6.40 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio (DPR) is 41.34%.

Hedge Funds Weigh In On Linde

Hedge funds have recently added to or reduced their stakes in the business. Principia Wealth Advisory LLC raised its stake in shares of Linde by 74.2% during the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 23 shares in the last quarter. Legacy Wealth Managment LLC ID lifted its holdings in Linde by 96.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 28 shares during the period. Manning & Napier Advisors LLC grew its position in Linde by 1,450.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock valued at $31,000 after buying an additional 58 shares in the last quarter. Marquette Asset Management LLC bought a new position in Linde in the 3rd quarter valued at about $29,000. Finally, Polaris Financial Partners bought a new position in Linde in the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Company Profile

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.