Royal Bank Of Canada Cuts Linde (NASDAQ:LIN) Price Target to $553.00

Linde (NASDAQ:LIN) had its price target cut by Royal Bank Of Canada from $576.00 to $553.00 in a report released on Monday, Marketbeat Ratings reports. They currently have an outperform rating on the basic materials company’s stock.

LIN has been the subject of several other research reports. JPMorgan Chase & Co. increased their price objective on shares of Linde from $525.00 to $530.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $575.00 target price on shares of Linde in a research report on Monday, May 4th. Citigroup began coverage on shares of Linde in a report on Wednesday, June 24th. They set an “overweight” rating for the company. Weiss Ratings raised shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Finally, Seaport Research Partners boosted their price objective on shares of Linde from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $543.67.

Linde Price Performance

LIN stock opened at $491.05 on Monday. 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 1 year low of $387.78 and a 1 year high of $548.20. The firm has a market cap of $226.36 billion, a P/E ratio of 31.72, a price-to-earnings-growth ratio of 3.05 and a beta of 0.72. The stock has a 50-day simple moving average of $513.58 and a 200-day simple moving average of $497.54.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, beating the consensus estimate 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 return on equity of 20.09% and a net margin of 20.43%.The company’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $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. On average, equities analysts predict that Linde will post 17.84 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Linde’s dividend payout ratio is presently 41.34%.

Institutional Trading of Linde

Hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Linde in the fourth quarter valued at $3,246,750,000. Auto Owners Insurance Co grew its holdings in Linde by 42,539.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,321,809 shares of the basic materials company’s stock worth $56,361,000 after acquiring an additional 1,318,709 shares in the last quarter. Capital International Investors grew its holdings in Linde by 20.1% during the 4th quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after acquiring an additional 1,275,477 shares in the last quarter. Deutsche Bank AG increased its position in shares of Linde by 40.2% in the 4th quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company’s stock worth $1,680,710,000 after purchasing an additional 1,130,001 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Linde by 26.0% in the 4th quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company’s stock worth $2,303,494,000 after purchasing an additional 1,114,751 shares during the last quarter. 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.