Linde (NASDAQ:LIN) Earns "Buy (B)" Rating from Weiss Ratings

Key Points

• Linde's stock has been reaffirmed a "Buy (B)" rating by Weiss Ratings and other analysts, reflecting strong confidence in the company's performance.
• Recent earnings reported a quarterly revenue of $8.50 billion, exceeding analysts' expectations, along with an EPS of $4.09.
• Two analysts rated Linde as a Strong Buy, with a consensus target price around $520.00, signaling optimistic outlook for the stock's future performance.

Linde (NASDAQ:LIN - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other research analysts have also issued research reports about the company. Citigroup boosted their price target on Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a research report on Monday. Royal Bank Of Canada began coverage on Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, UBS Group lowered their price target on Linde from $510.00 to $507.00 and set a "neutral" rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $520.00.

Linde Trading Down 0.5%

NASDAQ LIN opened at $467.83 on Wednesday. The stock has a market capitalization of $219.37 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 3.11 and a beta of 0.93. The stock's 50 day moving average price is $474.60 and its two-hundred day moving average price is $464.52. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde has a 52 week low of $408.65 and a 52 week high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion for the quarter, compared to analysts' expectations of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.85 EPS. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. As a group, analysts anticipate that Linde will post 16.54 earnings per share for the current fiscal year.

Insider Transactions at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the sale, the director directly owned 480,543 shares in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is owned by company insiders.

Institutional Trading of Linde

Several institutional investors have recently added to or reduced their stakes in LIN. Bartlett & CO. Wealth Management LLC lifted its position in shares of Linde by 1.3% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company's stock valued at $117,174,000 after acquiring an additional 3,230 shares during the period. Truist Financial Corp lifted its position in shares of Linde by 75.0% during the 1st quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company's stock valued at $90,131,000 after acquiring an additional 82,952 shares during the period. Freedom Day Solutions LLC lifted its position in shares of Linde by 9.6% during the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company's stock valued at $2,841,000 after acquiring an additional 535 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Linde by 25.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company's stock valued at $10,970,000 after acquiring an additional 4,839 shares during the period. Finally, Exane Asset Management bought a new stake in shares of Linde during the 1st quarter valued at $295,000. 82.80% of the stock is currently owned by institutional investors.

Linde Company Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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