JPMorgan Chase & Co. Cuts Linde (NASDAQ:LIN) Price Target to $455.00

Linde (NASDAQ:LIN) had its price objective reduced by JPMorgan Chase & Co. from $475.00 to $455.00 in a research note released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the basic materials company’s stock.

Other analysts have also recently issued reports about the company. Citigroup lifted their price target on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. UBS Group dropped their price target on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Sanford C. Bernstein restated an “outperform” rating and set a $516.00 price objective on shares of Linde in a research note on Monday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $514.83.

Linde Stock Performance

NASDAQ:LIN opened at $418.23 on Monday. The stock has a market cap of $195.29 billion, a P/E ratio of 29.75, a PEG ratio of 2.85 and a beta of 0.91. The stock has a 50 day simple moving average of $461.52 and a 200 day simple moving average of $463.76. 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 has a 1-year low of $408.65 and a 1-year high of $486.38.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.03. The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. Research analysts anticipate that Linde will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is 40.19%.

Hedge Funds Weigh In On Linde

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC increased its stake in Linde by 1.3% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock worth $117,174,000 after acquiring an additional 3,230 shares during the last quarter. Markel Group Inc. increased its stake in Linde by 3.1% in the 2nd quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock worth $87,549,000 after acquiring an additional 5,600 shares during the last quarter. Freedom Day Solutions LLC increased its stake in Linde by 9.6% in the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company’s stock worth $2,841,000 after acquiring an additional 535 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in Linde by 25.9% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock worth $10,970,000 after acquiring an additional 4,839 shares during the last quarter. Finally, Hourglass Capital LLC bought a new position in Linde in the 1st quarter worth about $935,000. Institutional investors own 82.80% of the company’s stock.

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.