Linde (NASDAQ:LIN) Given New $580.00 Price Target at Citigroup

Linde (NASDAQ:LIN) had its price objective raised by stock analysts at Citigroup from $545.00 to $580.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. Citigroup’s price target would indicate a potential upside of 14.23% from the company’s previous close.

A number of other analysts also recently commented on the stock. DZ Bank downgraded shares of Linde from a “buy” rating to a “hold” rating and set a $460.00 price objective on the stock. in a report on Tuesday, February 10th. JPMorgan Chase & Co. raised shares of Linde from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $455.00 to $525.00 in a report on Friday, March 13th. BMO Capital Markets reissued an “outperform” rating on shares of Linde in a report on Tuesday, February 10th. Mizuho set a $525.00 price target on shares of Linde in a report on Friday, February 6th. Finally, Erste Group Bank raised shares of Linde from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $521.60.

Linde Stock Performance

Shares of NASDAQ:LIN traded up $4.59 during midday trading on Monday, hitting $507.74. The stock had a trading volume of 966,886 shares, compared to its average volume of 2,620,292. The company has a market capitalization of $235.28 billion, a PE ratio of 34.79, a P/E/G ratio of 3.31 and a beta of 0.78. The stock has a 50 day moving average price of $487.95 and a two-hundred day moving average price of $452.59. The company has a current ratio of 0.88, a quick ratio of 0.74 and a debt-to-equity ratio of 0.52. Linde has a 1 year low of $387.78 and a 1 year high of $510.65.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 5th. The basic materials company reported $4.20 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.02. The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.64 billion. Linde had a net margin of 20.30% and a return on equity of 19.52%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.97 earnings per share. Linde has set its Q1 2026 guidance at 4.200-4.300 EPS and its FY 2026 guidance at 17.400-17.900 EPS. As a group, equities analysts predict that Linde will post 16.54 earnings per share for the current fiscal year.

Insider Activity

In other Linde news, VP Guillermo Bichara sold 4,357 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $480.79, for a total value of $2,094,802.03. Following the sale, the vice president owned 22,138 shares of the company’s stock, valued at $10,643,729.02. This represents a 16.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sean Durbin sold 6,520 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $477.27, for a total transaction of $3,111,800.40. Following the completion of the sale, the executive vice president directly owned 8,151 shares in the company, valued at $3,890,227.77. This trade represents a 44.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 20,332 shares of company stock worth $9,749,257 in the last ninety days. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Linde

A number of institutional investors have recently modified their holdings of LIN. Brighton Jones LLC acquired a new position in Linde during the fourth quarter worth approximately $2,752,000. Revolve Wealth Partners LLC increased its position in Linde by 14.1% during the fourth 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 last quarter. Sivia Capital Partners LLC increased its position in Linde by 19.8% during the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock worth $736,000 after purchasing an additional 259 shares during the last quarter. Schnieders Capital Management LLC. increased its position in Linde by 19.3% during the second quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock worth $421,000 after purchasing an additional 145 shares during the last quarter. Finally, Gabelli Funds LLC increased its position in Linde by 3.2% during the second quarter. Gabelli Funds LLC now owns 5,625 shares of the basic materials company’s stock worth $2,639,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Company Profile

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.