Why Linde stock moves
Linde fell, moving against a slightly rising S&P 500.
Written after the close on ·
Why today
16,437 news analyzed todayLinde fell, moving against a slightly rising S&P 500.
No company news explains it, and Linde traded around its usual volume.
Insider sales filings appeared that day, but they rarely explain moves on their own.
Over the last five trading days Linde was roughly unchanged, while the S&P 500 fell sharply.
Next, Linde reports earnings on Thursday 4 February 2027.
Today's move of −1.15% was 1.8 times a normal day's 0.7%. S&P 500 moved +0.31% on the same day.
Linde −1.15%S&P 500 +0.31%Against the market
What analysts expect, and how often they have been right
Analysts’ estimates for Linde.
Linde earned more than expected in 7 out of 8 reports.
For comparison, about 82% of reports from US companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 3 out of 8 reports with a measured move, against about 55% of reports from US companies.
Ratings
Price targets
Latest price $515.25
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expected$
Next reported quarter: expected earnings per share of $4.49 (February 4). 2026 estimate: $17.90. 2027 estimate: $19.54.
Has the share price followed the business?
Price and earnings moved in the same direction: 3 out of 3 years. Across US companies, that happens in about 65% of years. In 2025, the price changed +2% and earnings per share +7%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.$B
Assets, liabilities and market cap
AssetsLiabilitiesMarket cap$B
Price and earnings moved in the same direction: 3 out of 3 years.Market cap (Now): $236.5BRevenue 2025: $34.0B
What the key figures say about Linde
The figures connect what Linde earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: $8.23–$14.61. Peers: Air Liquide 5.55 EUR, Novonesis 10.91 DKK, Hexpol 5.25 SEK. 2026 estimate: $17.90 ($17.89–$18.00). 2027 estimate: $19.54 ($19.54–$20.09).
What the company sold during the year.
2022–2025: $32.9B–$34.0B. Peers: Air Liquide 27.0 bn EUR, Novonesis 4.4 bn EUR, Hexpol 19.6 bn SEK. 2026 estimate: $36.9B ($36.9B–$36.9B). 2027 estimate: $38.7B ($38.7B–$39.0B).
The percentage of revenue left after the costs of running the business.
2022–2025: 19.4%–27.2%. Peers: Air Liquide 19.4%, Novonesis 23.0%, Hexpol 13.2%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: 10.4%–18.0%. Peers: Air Liquide 14.0%, Novonesis 6.2%, Hexpol 12.3%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 29.2–39.6. Peers: Air Liquide 33.8, Novonesis 42.2, Hexpol 17.9. 2026 estimate: 28.8. 2027 estimate: 26.4.
What investors pay for each unit the company sells.
2022–2025: 4.81–6.03. Peers: Air Liquide 4.43, Hexpol 1.65. 2026 estimate: 6.41. 2027 estimate: 6.11.
Money paid to shareholders per share, summed by calendar year.
2017–2025: $3.15–$6.00.
The ordinary yearly dividend as a percentage of the share price.
2022–2025: 1.2%–1.4%. Peers: Air Liquide 1.8%, Novonesis 1.4%, Hexpol 4.5%.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: 1.28–1.75. Peers: Air Liquide 1.99, Novonesis 1.63, Hexpol 1.01.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 4.01–5.20. Peers: Air Liquide 4.51, Hexpol 2.11.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 23.6–30.2.
Cash left after investments, divided by the number of shares.
2022–2025: $10.41–$11.56. Peers: Air Liquide 4.19 EUR, Novonesis 1.40 EUR, Hexpol 7.53 SEK.
The percentage of assets financed by shareholders’ equity.
2022–2025: 44.1%–50.2%.
The dividend explained
A dividend is money paid to shareholders. Linde paid $6.30 per share in the twelve months through November 6, 2026.
On the ex-dividend day, September 3, 2026, Linde traded without the right to the $1.60 dividend. The price went from $487.45 to $482.19; including the dividend, the day's change was −0.8%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2017: $3.152018: $3.302019: $3.502020: $3.852021: $4.242022: $4.682023: $5.102024: $5.562025: $6.002026 so far: $4.80
What to watch next, and why
From the ex-day, Linde trades without entitlement to the next dividend.
- The dividend explained
From the ex-day, Linde trades without entitlement to the next dividend.
- Earnings report
The earnings report shows how Linde's revenue and profit have changed.
Add to calendar
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days Linde usually moved about 1.5%. On a normal day it moves 0.7%.
−0.99% Why? −5.95% +1.35% −2.88%
$10,000 in Linde bought on October 1, 2018 is worth $34,400 today, with dividends reinvested.
The same amount in S&P 500 with dividends would have become $28,400.
What would $10,000 in Linde be worth today? →
What would $10,000 in Linde be worth today?
$34,400
with dividends reinvested, bought on October 1, 2018. The same amount in S&P 500 with dividends would have become $28,400.
At worst it was worth $8,820 (December 24, 2018).
The five biggest days of the journey
· +11.7% · the whole market rose 9.3% the same day
· −10.3% · the whole market fell 12.0% the same day
· +9.9% · the whole market rose 9.4% the same day
· −9.1% · the whole market fell 9.5% the same day
· +8.5% · the whole market rose 7.0% the same day
Earlier days
+0.20% market −2.70% Linde was roughly unchanged over the week, moving less than the broader market and its sector. Read →
Linde was roughly unchanged over the week, moving less than the broader market and its sector.
Trading looked normal and the price stayed well above its yearly low but below its yearly high.
Insider share sales by the finance chief and others were reported this week, but these are routine and do not explain the price move.
Linde's next earnings report is due Thursday 4 February 2027, which is the next thing to watch.
+2.58% market +1.65% Linde rose, moving more than the S&P 500, which also rose sharply. Read →
Linde rose, moving more than the S&P 500, which also rose sharply.
No company news explains the move, so it reflects broader sector buying.
Over the last five trading days, Linde rose clearly while the S&P 500 fell slightly.
Earlier, Linde missed earnings expectations, though adjusted earnings per share still grew 9%.
Next, watch the fourth-quarter report due Thursday, 4 February 2027.
−1.57% market +0.30% Linde fell sharply. Read →
Linde fell sharply.
Linde fell, moving against a slightly higher S&P 500 and in line with its sector.
No company news explains the drop.
Over the last five trading days Linde was roughly unchanged, while the S&P 500 fell clearly.
Sector and market moves likely drove the session, along with the weak third-quarter results reported last week.
+1.07% market −0.48% Linde rose while the S&P 500 fell slightly. Read →
Linde rose while the S&P 500 fell slightly.
No company news explains the move, and the insider share-sale filing from that session is only background.
Over the last five trading days, Linde also rose clearly while the S&P 500 fell clearly and the sector rose sharply.
Earnings came out last week before the session and missed expectations, but that was known before the move and does not explain it.
Linde's shares remain well below their high from early July, and trading volume was around its usual level.
+2.20% market −1.77% Linde rose sharply. Read →
Linde rose sharply.
Most likely, traders reacted to a wave of analyst price target raises after Linde's third-quarter results.
Earnings beat on adjusted earnings, but reported profit fell and operating margin was pressured.
Analysts including RBC, KeyBanc, UBS and Citigroup lifted their targets, the price they see as fair.
Linde's shares also traded at about twice their usual volume.
+1.06% market −0.56% Linde edged higher over the trading week while the broad market slipped, so it moved against the S&P 500 and rose less than its sector. Read →
Linde edged higher over the trading week while the broad market slipped, so it moved against the S&P 500 and rose less than its sector.
Its quarterly results released on 29 October were strong on sales and cash flow but missed profit expectations, and analysts widely raised their price targets afterward, which likely supported the shares.
Heavy trading volume on the final session suggests strong interest from investors.
−0.99% market −0.38% Linde fell on earnings day, the sharpest drop. Read →
Linde fell on earnings day, the sharpest drop.
Linde fell clearly in the last session, moving more than the S&P 500, which dipped slightly, while its sector ETF rose clearly.
Linde's results were released before the market opened, and a $425 million restructuring charge tied to its Lincare home-care unit added to the caution.
The day's drop was about a usual move for Linde on a report day.
Over the last five trading days Linde fell slightly while the market and its sector rose, so the decline is mostly this session's move.
−0.10% market +0.34% Linde barely moved without a company-news explanation. Read →
Linde barely moved without a company-news explanation.
Linde was roughly unchanged, while the S&P 500 rose slightly, so it lagged the broader market.
The Basic Materials sector was also roughly flat, so the stock's small move matched its peers.
The move was ordinary for Linde, within its usual daily range, and trading volume was around normal.
−0.25% market +0.71% Linde barely moved as the S&P 500 rose clearly. Read →
Linde barely moved as the S&P 500 rose clearly.
Over the last five trading days Linde rose slightly, in line with its sector.
Linde's next earnings report is due Thursday, 29 October 2026.
−0.30% market −0.52% Linde fell, a move within its usual daily range. Read →
Linde fell, a move within its usual daily range.
Over the same day the S&P 500 fell clearly, so Linde held up better than the broader market.
No company news explains the move.
Over the last five trading days Linde rose clearly, while the S&P 500 fell slightly.
+2.09% market −0.43% Linde rose clearly over the last five trading days, while the broader market slipped slightly. Read →
Linde rose clearly over the last five trading days, while the broader market slipped slightly.
Investors are also looking ahead to the company's earnings report due Thursday, October 29.
The move was ordinary in size for Linde, with trading near its usual level.
+1.96% market −1.18% Linde rose sharply, while the broader market fell sharply. Read →
Linde rose sharply, while the broader market fell sharply.
Shares rose in the last session as the market slid, so this was a clear move against the wider market.
The most likely reason is the Tata Steel supply expansion, but that news came out the day before.
No company news from the last session explains the move, so the rise looks partly sector-driven, with Basic Materials rising clearly.
Over the last five trading days, Linde rose sharply while the S&P 500 fell slightly.
Learn more · Why do stocks go up and down?