Royal Bank Of Canada Raises Linde (NASDAQ:LIN) Price Target to $552.00

Linde (NASDAQ:LIN) had its price target raised by analysts at Royal Bank Of Canada from $512.00 to $552.00 in a research report issued on Friday, MarketBeat.com reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 9.06% from the stock’s previous close.

LIN has been the subject of several other research reports. Citigroup increased their price objective on shares of Linde from $545.00 to $580.00 and gave the company a “buy” rating in a research report on Monday, April 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Linde in a research report on Tuesday, February 10th. Seaport Research Partners increased their price objective on shares of Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $530.00 price objective on shares of Linde in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. raised shares of Linde from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $455.00 to $525.00 in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $527.80.

Linde Stock Down 0.4%

Shares of NASDAQ:LIN traded down $1.91 during mid-day trading on Friday, hitting $506.15. 112,785 shares of the company traded hands, compared to its average volume of 2,524,543. The firm has a market cap of $234.54 billion, a P/E ratio of 34.67, a PEG ratio of 3.12 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.74 and a current ratio of 0.88. Linde has a 52-week low of $387.78 and a 52-week high of $510.65. The firm’s 50 day simple moving average is $494.58 and its 200 day simple moving average is $454.57.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, February 5th. The basic materials company reported $4.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.02. Linde had a net margin of 20.30% and a return on equity of 19.52%. The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter last year, the company earned $3.97 earnings per share. Linde’s revenue for the quarter was up 6.3% on a year-over-year basis. Linde has set its Q1 2026 guidance at 4.200-4.300 EPS and its FY 2026 guidance at 17.400-17.900 EPS. On average, equities analysts anticipate that Linde will post 17.81 EPS for the current year.

Insider Buying and Selling

In related news, VP Guillermo Bichara sold 9,455 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $480.45, for a total transaction of $4,542,654.75. Following the completion of the transaction, the vice president owned 22,138 shares in the company, valued at $10,636,202.10. The trade was a 29.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sean Durbin sold 6,520 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total value of $3,111,800.40. Following the transaction, the executive vice president owned 8,151 shares of the company’s stock, valued at $3,890,227.77. This represents a 44.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,332 shares of company stock valued at $9,749,257 in the last 90 days. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Linde

Several large investors have recently made changes to their positions in LIN. Brighton Jones LLC acquired a new stake in shares of Linde in the fourth quarter valued at approximately $2,752,000. Revolve Wealth Partners LLC increased its holdings in shares of Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after purchasing an additional 96 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Linde by 19.8% during the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock valued at $736,000 after purchasing an additional 259 shares during the period. Schnieders Capital Management LLC. increased its holdings in shares of Linde by 19.3% during the second quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock valued at $421,000 after purchasing an additional 145 shares during the period. Finally, Gabelli Funds LLC increased its holdings in shares of Linde by 3.2% during the second quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock valued at $2,639,000 after purchasing an additional 175 shares during the period. Institutional investors and hedge funds 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.