Linde (NASDAQ:LIN) Given New $600.00 Price Target at Citigroup

Linde (NASDAQ:LIN) had its target price upped by analysts at Citigroup from $585.00 to $600.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. Citigroup’s target price suggests a potential upside of 16.12% from the company’s current price.

Other analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $575.00 price objective on shares of Linde in a research note on Monday, May 4th. Seaport Research Partners upped their price objective on Linde from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Weiss Ratings upgraded shares of Linde from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 13th. BMO Capital Markets reissued an “outperform” rating and set a $560.00 price target on shares of Linde in a report on Tuesday, May 5th. Finally, UBS Group reissued a “buy” rating and set a $600.00 target price on shares of Linde in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Linde presently has an average rating of “Buy” and a consensus price target of $543.27.

Linde Stock Performance

NASDAQ LIN traded up $4.46 during trading hours on Wednesday, hitting $516.72. The company had a trading volume of 1,204,640 shares, compared to its average volume of 2,460,755. The company has a market cap of $238.90 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 3.24 and a beta of 0.72. Linde has a 1-year low of $387.78 and a 1-year high of $525.87. The business has a 50 day moving average of $506.92 and a 200-day moving average of $477.24. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.69 and a current ratio of 0.83.

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

Hedge Funds Weigh In On Linde

A number of institutional investors have recently made changes to their positions in the business. Meadowbrook Advisors Group LLC boosted its stake in shares of Linde by 4.3% in the 1st quarter. Meadowbrook Advisors Group LLC now owns 511 shares of the basic materials company’s stock valued at $253,000 after purchasing an additional 21 shares during the last quarter. Blalock Williams LLC lifted its stake in Linde by 4.5% in the fourth quarter. Blalock Williams LLC now owns 510 shares of the basic materials company’s stock valued at $217,000 after buying an additional 22 shares during the period. Mutual Advisors LLC boosted its stake in Linde by 2.0% during the 4th quarter. Mutual Advisors LLC now owns 1,102 shares of the basic materials company’s stock worth $470,000 after acquiring an additional 22 shares during the last quarter. Valmark Advisers Inc. increased its stake in Linde by 0.5% in the first quarter. Valmark Advisers Inc. now owns 4,159 shares of the basic materials company’s stock valued at $2,062,000 after purchasing an additional 22 shares in the last quarter. Finally, Binnacle Investments Inc raised its holdings in Linde by 10.2% in the second quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 22 shares during the period. 82.80% of the stock is currently owned by 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.