Linde PLC (NASDAQ:LIN) Receives $519.63 Average Price Target from Analysts

Linde PLC (NASDAQ:LIN) has been given an average recommendation of “Buy” by the eleven research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $519.6250.

A number of research firms recently issued reports on LIN. Citigroup upgraded Linde from a “neutral” rating to a “buy” rating and lifted their target price for the company from $500.00 to $535.00 in a report on Monday, June 30th. UBS Group lifted their price target on Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price target on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Royal Bank Of Canada initiated coverage on Linde in a report on Friday, June 13th. They set an “outperform” rating and a $576.00 price target for the company.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the completion of the sale, the director directly owned 480,543 shares of the company’s stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by company insiders.

Institutional Trading of Linde

A number of hedge funds and other institutional investors have recently made changes to their positions in LIN. Norges Bank acquired a new stake in shares of Linde during the second quarter worth about $3,098,772,000. Freemont Capital Pte Ltd acquired a new stake in shares of Linde during the fourth quarter worth about $2,128,233,000. Nuveen LLC acquired a new stake in shares of Linde during the first quarter worth about $2,097,793,000. GAMMA Investing LLC increased its position in shares of Linde by 58,312.0% during the first quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company’s stock worth $1,590,596,000 after purchasing an additional 3,410,087 shares in the last quarter. Finally, Capital World Investors increased its position in shares of Linde by 34.4% during the fourth quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company’s stock worth $4,834,631,000 after purchasing an additional 2,957,604 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Up 0.2%

NASDAQ:LIN opened at $481.67 on Friday. The firm has a market cap of $225.86 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 3.17 and a beta of 0.92. The stock has a fifty day moving average price of $469.29 and a 200 day moving average price of $461.12. Linde has a 12-month low of $408.65 and a 12-month high of $487.49. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49.

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

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 4th. Linde’s payout ratio is 42.67%.

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.