Linde (NASDAQ:LIN) Stock Price Target Cut by Royal Bank Of Canada

Key Points

• Royal Bank of Canada lowered Linde’s price target from $553 to $549 while maintaining an “outperform” rating, implying roughly 10.38% upside from the prior close.
• Analyst sentiment remains positive: Linde has an overall “Buy” consensus rating, with three Strong Buy, 19 Buy and two Hold ratings; the consensus price target is $547.10.
• Linde’s shares traded at $497.38, while its latest quarterly results slightly exceeded expectations, with EPS of $4.50 versus $4.49 expected and revenue of $9.29 billion versus $9.02 billion forecast.

Linde (NASDAQ:LIN - Get Free Report) had its target price lowered by equities research analysts at Royal Bank Of Canada from $553.00 to $549.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an "outperform" rating on the basic materials company's stock. Royal Bank Of Canada's target price indicates a potential upside of 10.38% from the stock's previous close.

Other equities research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reduced their target price on Linde from $580.00 to $575.00 and set a "buy" rating for the company in a report on Monday, August 3rd. Weiss Ratings upgraded Linde from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 21st. BMO Capital Markets reaffirmed an "outperform" rating on shares of Linde in a research note on Thursday, October 8th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Linde in a report on Monday, October 5th. Finally, Berenberg Bank reissued a "buy" rating on shares of Linde in a research report on Tuesday, August 4th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $547.10.

Linde Price Performance

Shares of NASDAQ:LIN traded up $4.68 during trading hours on Thursday, hitting $497.38. 315,458 shares of the company's stock traded hands, compared to its average volume of 2,317,456. The company's fifty day simple moving average is $478.29 and its two-hundred day simple moving average is $498.13. The company has a market cap of $229.28 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 2.87 and a beta of 0.71. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88. Linde has a 52 week low of $387.78 and a 52 week high of $548.20.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, topping analysts' consensus estimates of $4.49 by $0.01. The business had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $4.09 EPS. 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, equities analysts anticipate that Linde will post 17.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Linde

Hedge funds have recently bought and sold shares of the business. Legacy Wealth Managment LLC ID boosted its holdings in Linde by 96.6% during the first quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company's stock worth $28,000 after buying an additional 28 shares during the last quarter. Principia Wealth Advisory LLC increased its stake in shares of Linde by 74.2% in the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 23 shares during the last quarter. Marquette Asset Management LLC bought a new stake in shares of Linde in the 3rd quarter valued at about $29,000. Manning & Napier Advisors LLC raised its position in shares of 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 acquiring an additional 58 shares during the period. Finally, Polaris Financial Partners acquired a new stake in shares of Linde in the 3rd quarter valued at approximately $31,000. 82.80% of the stock is owned by hedge funds and other 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 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.

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