Argus Has Lowered Expectations for Linde (NASDAQ:LIN) Stock Price

Key Points

• Argus lowered Linde’s price target from $563 to $538 but maintained a “buy” rating, implying approximately 14.5% upside from the prior close.
• Linde reported quarterly EPS of $4.50, slightly above estimates, while revenue rose 9.3% year over year to $9.29 billion. Analysts collectively rate the stock “Buy,” with an average target price of $544.60.
• Linde shares opened at $469.89, below their 50-day and 200-day moving averages, while institutional investors own a substantial 82.8% of the company.

Linde (NASDAQ:LIN - Get Free Report) had its target price decreased by analysts at Argus from $563.00 to $538.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a "buy" rating on the basic materials company's stock. Argus' price objective would indicate a potential upside of 14.49% from the company's previous close.

Several other analysts have also recently issued reports on LIN. Sanford C. Bernstein reissued an "outperform" rating and issued a $563.00 target price on shares of Linde in a research note on Friday, September 11th. BMO Capital Markets lowered their price target on Linde from $560.00 to $546.00 and set an "outperform" rating for the company in a research report on Monday, August 10th. The Goldman Sachs Group set a $580.00 price objective on Linde in a report on Monday, August 10th. Citigroup cut their price objective on Linde from $600.00 to $580.00 and set a "buy" rating on the stock in a research report on Monday, August 3rd. Finally, UBS Group reissued an "outperform" rating on shares of Linde in a research note on Friday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Linde presently has an average rating of "Buy" and an average target price of $544.60.

Linde Stock Performance

NASDAQ:LIN opened at $469.89 on Monday. The firm has a market capitalization of $216.61 billion, a P/E ratio of 30.35, a P/E/G ratio of 2.74 and a beta of 0.72. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average of $483.37 and a 200 day moving average of $498.73. Linde has a 52 week low of $387.78 and a 52 week high of $548.20.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.49 by $0.01. Linde had a net margin of 20.43% and a return on equity of 20.09%. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same quarter last year, the firm earned $4.09 EPS. The company's 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. On average, research analysts predict that Linde will post 17.86 earnings per share for the current year.

Institutional Trading of Linde

Several large investors have recently bought and sold shares of LIN. State Street Corp lifted its stake in shares of Linde by 3.7% in the 2nd quarter. State Street Corp now owns 20,344,181 shares of the basic materials company's stock valued at $10,558,016,000 after purchasing an additional 719,052 shares during the period. Wellington Altus USA Inc. lifted its position in Linde by 196.8% during the second quarter. Wellington Altus USA Inc. now owns 92 shares of the basic materials company's stock valued at $46,000 after buying an additional 61 shares during the period. Marathon Wealth Advisors LLC lifted its position in Linde by 0.9% during the second quarter. Marathon Wealth Advisors LLC now owns 4,843 shares of the basic materials company's stock valued at $2,513,000 after buying an additional 43 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Linde by 76.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 3,259 shares of the basic materials company's stock valued at $1,691,000 after buying an additional 1,416 shares in the last quarter. Finally, Planning Project LLC bought a new stake in shares of Linde during the 2nd quarter valued at $6,711,000. 82.80% of the stock is owned by institutional investors.

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 across a range of industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, specialty gases and medical gases.

The company serves customers in sectors including healthcare, manufacturing, food and beverage, electronics, chemicals, energy and metals. Linde also designs and builds industrial gas plants and provides engineering, project management and process technology services for industrial and energy applications.

Linde traces its history to 1879 and was formed in its current structure through the 2018 merger of Linde AG and Praxair, Inc The company operates internationally, serving customers in numerous countries across the Americas, Europe, Asia and other regions.

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