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Argus Research lowered its target for the stock from $563 to $538 on Monday. While the firm reduced its price expectation, it kept its buy rating, which means it still expects the stock to perform well for owners. This adjustment brings the firm's target closer to the average analyst target of $561. For a company like Linde, which provides essential industrial gases through long-term contracts, these small target tweaks are routine and often reflect broader market shifts rather than a change in the company's actual business strength.
Source: Argus Research
BMO Capital lowered its target for the stock from $560 to $546 but kept its outperform rating, which means they still expect the stock to do better than the broader market. This is a small adjustment of about 3 percent and does not change their overall positive view of the company. The new target is still well above where the stock trades today, and the average target across all analysts remains even higher at $566.
Source: BMO Capital
Linde earned $4.50 per share on an adjusted basis, slightly ahead of what analysts expected. Total sales rose 9 percent to about $9.3 billion, driven by higher prices and more demand from electronics and manufacturing customers. The company also raised the bottom end of its full-year profit forecast, now expecting earnings per share to grow between 8 and 9 percent for 2026.
This result shows the strength of Linde's business model, where long-term contracts allow it to pass through costs while maintaining high profit margins. With a project backlog of $11 billion, the company has a clear path for growth as it builds out new gas plants for industrial customers.
See the full quarter, and how our tracked metrics did
Source: 8-K filing
Linde will spend $1 billion to expand its gas production site in Phoenix, Arizona. The investment supports a new long-term agreement to provide ultra-high-purity gases, which are essential for the delicate chemical processes used in making advanced semiconductors.
This is a significant win because it locks in a major customer for years to come. Chip manufacturing requires a constant, reliable stream of specialized gases, and by building its own plants right at the customer's site, Linde creates a relationship that is very difficult for competitors to displace.
Source: Reuters
The board approved a dividend of $1.60 per share for the third quarter. Shareholders who own the stock by September 3 will receive the payment on September 17. This is a routine part of Linde's plan to return cash to its owners.
Source: Business Wire
Management consistently sets a bar they can clear, delivering eight straight quarters of steady growth and reliable profit beats. This track record makes their financial forecasts some of the most trustworthy in the industry.
| Expectation | |
|---|---|
| EPS | $4.52 |
| Revenue | $9.16B |