Linde (NASDAQ:LIN) Given New $599.00 Price Target at Sanford C. Bernstein

Linde (NASDAQ:LIN) had its target price hoisted by Sanford C. Bernstein from $561.00 to $599.00 in a research report released on Friday,Benzinga reports. They currently have an outperform rating on the basic materials company’s stock.

A number of other analysts have also recently weighed in on LIN. BMO Capital Markets restated an “outperform” rating and issued a $560.00 price target on shares of Linde in a report on Tuesday, May 5th. UBS Group reissued a “buy” rating and issued a $600.00 price target on shares of Linde in a report on Tuesday, June 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Linde in a research note on Friday. Citigroup began coverage on shares of Linde in a research report on Wednesday, June 24th. They set an “overweight” rating on the stock. Finally, Evercore restated an “outperform” rating and set a $525.00 price target on shares of Linde in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Linde presently has an average rating of “Buy” and an average price target of $548.67.

Linde Trading Down 1.4%

NASDAQ:LIN opened at $513.22 on Friday. The firm has a market cap of $237.29 billion, a P/E ratio of 34.08, a P/E/G ratio of 3.27 and a beta of 0.72. Linde has a one year low of $387.78 and a one year high of $548.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83. The firm has a 50-day simple moving average of $515.95 and a 200-day simple moving average of $491.09.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, May 1st. The basic materials company reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $0.06. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.60 billion. Linde had a return on equity of 19.80% and a net margin of 20.44%.Linde’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.95 earnings per share. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. Equities analysts anticipate that Linde will post 17.86 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, June 4th. Linde’s payout ratio is presently 42.50%.

Hedge Funds Weigh In On Linde

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Linde by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 44,953,116 shares of the basic materials company’s stock valued at $19,167,559,000 after acquiring an additional 354,800 shares during the last quarter. State Street Corp increased its stake in shares of Linde by 0.9% in the 3rd quarter. State Street Corp now owns 19,319,583 shares of the basic materials company’s stock worth $9,176,828,000 after acquiring an additional 172,162 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Linde by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 11,353,011 shares of the basic materials company’s stock valued at $4,820,533,000 after purchasing an additional 35,945 shares during the period. Capital Research Global Investors increased its position in Linde by 8.6% during the fourth quarter. Capital Research Global Investors now owns 10,127,594 shares of the basic materials company’s stock worth $4,318,325,000 after purchasing an additional 797,866 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Linde by 7.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,784,371 shares of the basic materials company’s stock worth $4,171,959,000 after purchasing an additional 695,771 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

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.