Linde (LIN)
Supplies industrial gases through pipelines, tankers and cylinders, and engineers gas-processing plants.
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Produces atmospheric, process, specialty, and medical gases for industrial and healthcare customers through on-site pipelines, bulk tankers, and cylinders. On-site supply uses long-duration contracts with minimum purchases, while Linde Engineering designs and builds gas-production and processing plants.
Produces oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, and specialty gases for manufacturing, chemicals and energy, healthcare, food and beverage, metals and mining, and electronics. Supply runs through on-site plants and pipelines for large users, bulk-liquid tanker deliveries, and packaged cylinders for smaller volumes across the Americas, EMEA, and Asia-Pacific.
Combines gas operations with Linde Engineering, which designs and builds air-separation, hydrogen, synthesis-gas, olefin, and natural-gas plants for customers and the group’s own supply network. Proprietary separation technology, integrated production and distribution, and customer-specific applications support supply across diverse end markets.
On-site plants require substantial capital near customer facilities and are typically backed by long-duration contracts with minimum purchases and energy-cost pass-throughs. Global operations also depend on trade, tax, environmental, and healthcare rules, while electricity, natural gas, and distribution fuel remain core inputs.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 11, 2026 | Bernstein | Reiterate | Rating: —Target: $564 | Target: $563 |
| Sep 10, 2026 | KeyBanc | Initiate | Rating: —Target: — | Target: $542 |
| Aug 10, 2026 | Goldman Sachs | Target | Target: $375 | Target: $580 |
| Aug 10, 2026 | BMO Capital | Reiterate | Rating: —Target: $560 | Target: $546 |
| Aug 3, 2026 | Bernstein | Reiterate | Rating: —Target: $559 | Target: $564 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.90B · Total debt $28.01B · Total assets $88.35B · Shareholders' equity $39.08B
- Revenue
- $9.29B
- Operating income
- $2.54B
- Net income
- $1.93B
HistoryDividendAnnual yield
| Institutions | 86.16% | 397.16M shares | |
|---|---|---|---|
| 2,385 holders · as of Jun 30, 2026 | |||
| Insiders | 0.17% | 805.0K shares | |
| 22 holders · as of Aug 19, 2026 | |||
| Other | 13.67% | 63.02M shares | |
| remainder | |||
460.98M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.09% | 37.30M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.55% | 30.21M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.41% | 20.34M | as of Jun 30, 2026 |
Capital Research Global InvestorsInstitution | 3.78% | 17.43M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 3.32% | 15.32M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Paula Rosput Reynolds | director | +100 | $479.12 |
| May 15, 2026 | Robert L. Wood | director | −4,335 | $506.39 |
| May 14, 2026 | Robert L. Wood | director | −880 | $508.76 |
| Mar 10, 2026 | Guillermo Bichara | officer: Exec VP & Chief Legal Officer | −4,357 | $480.79 |
| Mar 10, 2026 | Sean Durbin | officer: EVP, Chief Operating Officer | −6,520 | $477.27 |
- Air Products
Top US industrial-gas rival and the world's leading hydrogen supplier.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Linde | $459.34 | +0.40% | $211.64B | 29.6 | 24.6 | 6.0 | +9.4% |
| Air Products | $283.88 | +1.58% | $62.23B | — | 20.0 | 4.9 | +4.6% |
| Median | — | 20.0 | 4.9 | +4.6% |