Linde (NASDAQ:LIN) Given New $600.00 Price Target at Citigroup

Linde (NASDAQ:LIN) had its target price increased by investment analysts at Citigroup from $585.00 to $600.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. Citigroup’s price objective would suggest a potential upside of 16.12% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $575.00 price objective on shares of Linde in a report on Monday, May 4th. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Seaport Research Partners upped their target price on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a report on Friday, April 17th. BMO Capital Markets restated an “outperform” rating and set a $560.00 price target on shares of Linde in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. increased their price objective on Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Linde has an average rating of “Buy” and a consensus target price of $543.27.

Linde Stock Performance

Shares of LIN traded up $4.46 during trading hours on Wednesday, hitting $516.72. The company had a trading volume of 1,204,640 shares, compared to its average volume of 2,460,755. The business has a fifty day moving average of $506.92 and a 200-day moving average of $477.24. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The firm has a market cap of $238.90 billion, a price-to-earnings ratio of 34.25, a PEG ratio of 3.24 and a beta of 0.72. Linde has a 12 month low of $387.78 and a 12 month high of $525.87.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.60 billion. During the same quarter last year, the business earned $3.95 earnings per share. Linde’s revenue was up 8.2% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Equities analysts anticipate that Linde will post 17.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new position in shares of Linde in the 4th quarter valued at approximately $2,752,000. Revolve Wealth Partners LLC grew its stake in shares of Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after purchasing an additional 96 shares during the period. Sivia Capital Partners LLC increased its holdings in Linde by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock valued at $736,000 after buying an additional 259 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in shares of Linde by 19.3% in the 2nd 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 in the last quarter. Finally, Gabelli Funds LLC increased its position in shares of Linde by 3.2% in the second quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock valued at $2,639,000 after buying an additional 175 shares in the last quarter. 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.