Linde (NASDAQ:LIN) Stock, Quote.Headers.trade-ideas

Linde

Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $33 billion in revenue in 2023.

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Aramco, Linde, and SLB have formed a partnership to establish a CCS hub in Saudi Arabia, aiming to reduce emissions and increase capacity in future phases.

Aramco, Linde, Schlumberger Form Alliance For Carbon Capture And Storage Hub

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CNBC&#39;s Jim Cramer recommends buying Symbotic (SYM), citing strong earnings and growth potential. TTEK, LIN, and BN also discussed.

Jim Cramer: Linde Is A &#39;Terrific&#39; Company, Sees Another Stock Up 75% As &#39;Not Done&#39;

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Risk aversion swept across markets on Thursday as investor disappointment over third-quarter tech earnings triggered the steepest drop in major U.S. indices in nearly two months.

Stocks Tumble, Nasdaq 100 Selloffs As Tech Giants Disappoint, Crypto Companies Plummet: What&#39;s Driving Markets Thursday?

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Saudi Arabia&#8217;s oil giant Aramco inked a shareholders&#8217; agreement with Linde plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>) and Schlumberger N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) to establish a Carbon Capture and Storage (<a target="_blank" href="https://www.aramco.com/en/news-media/news/2024/aramco-linde-and-slb-sign-shareholders-agreement-for-one-of-the-largest-ccs-hubs-globally" rel="noreferrer noopener">CCS</a>) hub, which is set to become one of the largest in the world.
Aramco will hold a 60% equity stake in the project, while Linde and SLB will each own 20%.
The CCS hub represents a pivotal step in Aramco&#8217;s emissions mitigation strategy.
Phase one of the hub in Jubail, Eastern Province, Saudi Arabia, aims to capture and store up to nine million metric tons of CO2 annually, with construction slated for completion by the end of 2027.
Future phases are expected to further increase capacity, aligning with Aramco&#8217;s goal of achieving net-zero Scope 1 and 2 emissions across its wholly-owned operated assets by 2050.
Ashraf Al Ghazzawi, Aramco EVP of Strategy &amp; Corporate Development, said,&nbsp;&#8220;Aramco&#8217;s collaboration with SLB and Linde demonstrates the importance of global partnerships in driving technological innovation, reducing emissions from conventional energy sources and enabling new, lower-carbon energy solutions. This CCS hub is among several programs that will enable us to meet rising demand for affordable, reliable, and more sustainable energy.&#8221;
Oliver Pfann, Linde EVP EMEA, stated, &#8220;Carbon capture and sequestration is essential for achieving the Kingdom&#8217;s emission reduction targets. Linde is proud to collaborate with Aramco and SLB, contributing Linde&#8217;s innovative technology and experience in delivering world-scale decarbonization projects.&#8221;
Read Next:
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<li><a href="https://www.benzinga.com//node/42316772" target="_blank" rel="noreferrer noopener">Pet Supplies Retailer Chewy&#8217;s Q3 Performance Builds On Q2 Momentum, Raises Annual Outlook</a></li>
</ul>
Photo via Shutterstock.

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer recommended buying Symbotic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NYSE">SYM</a>). He added, &#8220;This is a very hot sector. The good news here, this company <a href="https://www.benzinga.com/quote/SYM/earnings">does make money.&#8221;</a>
On Nov. 18, Symbotic reported quarterly earnings of five cents per share, which beat the analyst consensus estimate of three cents. Quarterly revenue came in at $576.76 million, which beat the analyst consensus estimate of $470.27 million and is an increase over sales of $391.88 million from the same period last year.
When asked about Tetra Tech, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>), he said, &#8220;I didn't think the quarter was that bad. I actually am inclined to buy, not sell TTEK.&#8221;
On Nov. 13, Tetra Tech reported worse-than-expected fourth-quarter EPS results.
Linde plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>) is a &#8220;terrific&#8221; company, Cramer said. &#8220;It is not a speculative stock, it is a very good company.&#8221;
On Oct. 31, Linde reported third-quarter financial results and issued FY24 adjusted EPS guidance below estimates.
&#8220;This stock has been pretty much straight up, and, you know what, it's not done,&#8221; Cramer said when asked about Brookfield Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BN#NYSE">BN</a>). Shares are up over 75% in the past year.
On Nov. 14, Brookfeld reported better-than-expected third-quarter adjusted EPS results
Price Action:
<ul>
<li>Symbotic shares fell 3.4% to settle at $37.47 on Monday.</li>
<li>Tetra Tech shares gained 0.6% to close at $41.22.</li>
<li>Linde shares gained 0.2% to close at $455.69.</li>
<li>Brookfield shares rose 2.5% to settle at $59.70 during the session.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42181602/dow-sp-500-reach-fresh-highs-investor-sentiment-improves-fear-greed-index-remains-in-greed-zone">Dow, S&amp;P 500 Reach Fresh Highs: Investor Sentiment Improves, Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>
Photo: Shutterstock

Jim Cramer: Linde Is A 'Terrific' Company, Sees Another Stock Up 75% As 'Not Done'

Erste Group analyst Hans Engel downgrades Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>) from Buy to Hold.

Downgrades

Analyst Ratings

Erste Group Downgrades Linde to Hold

Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>) has outperformed the market over the past 10 years by 2.88% on an annualized basis producing an average annual return of 13.73%. Currently, Linde has a market capitalization of $219.04 billion. 
Buying $100 In LIN: If an investor had bought $100 of LIN stock 10 years ago, it would be worth $363.10 today based on a price of $458.72 for LIN at the time of writing.
<h3>Linde's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730818845_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Linde Stock In The Last 10 Years

Mizuho analyst John Roberts maintains Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>) with a Outperform and raises the price target from $520 to $530.

Price Target

Mizuho Maintains Outperform on Linde, Raises Price Target to $530

Deutsche Bank maintains Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>) with a Buy and raises the price target from $510 to $515.

Deutsche Bank Maintains Buy on Linde, Raises Price Target to $515

BMO Capital analyst John McNulty maintains Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>) with a Outperform and raises the price target from $477 to $507.

BMO Capital Maintains Outperform on Linde, Raises Price Target to $507

Risk aversion swept across markets on Thursday as investor disappointment over third-quarter tech earnings triggered the steepest drop in major U.S. indices <a href="https://www.benzinga.com/markets">in nearly two months.</a>
Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) plummeted over 5% by midday trading in New York, on track for its worst session in two years. Although the company surpassed earnings estimates, it forecasted slower growth in its Azure cloud business, dampening future revenue expectations.
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) also declined by over 4% despite a strong quarterly performance, as the social media giant projected &#8220;significant&#8221; capital expenditure growth next year, particularly for AI infrastructure.
The elite &#8220;Magnificent Seven&#8221; tech group shed nearly $500 billion in market capitalization within a single day after reaching a record high of $16.8 trillion. Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) are set to report earnings after the market close.
In economic news, inflation sent mixed signals for September. The Personal Consumption Expenditures (PCE) price index slowed as expected to 2.1% annually, while the Fed's preferred inflation measure, the core PCE price index, remained at 2.7% year over year, slightly <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41658542/fed-interest-rate-cuts-expected-but-economists-warn-of-bumpy-course-in-this-last-">above the expected 2.6%.</a>
The S&amp;P 500 dropped 1.4%, and the tech-heavy Nasdaq 100 slid 2.2%, both tracking their worst session since Sept. 6. The CBOE Volatility Index (VIX) surged 12%.
Risk aversion also weighed on commodities, with gold prices dropping 1.7%, marking their worst day since July, and silver plunging 3% after a 2% decline on Wednesday. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) slid 2.4%, and crypto-related stocks suffered significant losses. Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) tumbled over 10% on disappointing earnings, eyeing its worst day since May.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,832.30</td>
<td>-0.7%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,213.10</td>
<td>-0.9%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,729.43</td>
<td>-1.4%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,943.07</td>
<td>-2.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:20 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent103124&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 1.5% to $571.51.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.8% to $418.60.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) tumbled 2.2% to $485.78. </li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.7% to $219.65.</li>
<li>The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, rising 1.4%. The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 2.4%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
Stocks reacting to corporate earnings were: 
<ul>
<li>Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>), up over 5%, </li>
<li>Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), up 1.7%,</li>
<li>Starbucks Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NYSE">SBUX</a>), down 0.6%, </li>
<li>eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), down over 8%, </li>
<li>MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), up 1.9%,</li>
<li>Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), up 24%,</li>
<li>Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), down 1.8%, </li>
<li>Merck &amp; Company Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>), down 2.8%,</li>
<li>Linde plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>), down 2.9%, </li>
<li>Comcast Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), up 2.9%, </li>
<li>Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), down over 11%, </li>
<li>Eaton Corp. plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>), down 5%, </li>
<li>ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>), up 6%, </li>
<li>Bristo-Myers Squibb Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>), up 3.3%, </li>
<li>Southern Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>), up 2.2%, </li>
<li>Altria Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>), up 7.6%, </li>
<li>Regeneron Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>), down 9%, </li>
<li>The Cigna Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>), up 3%, </li>
<li>Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), up over 9%. </li>
<li>Cheniere Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNG#NYSE">LNG</a>), up over 5%. </li>
</ul>
Large-cap companies slated to report their earnings after the close include Apple Inc, Amazon.com Inc, Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Atlassian Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) and Coterra Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRA#NYSE">CTRA</a>).
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41658754/microsoft-in-major-growth-mode-not-slowing-down-4-analysts-see-strong-azure-demand-">Microsoft &#8216;In Major Growth Mode,&#8217; Not Slowing Down: 4 Analysts See Strong Azure Demand, AI Monetization Efforts</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Stocks Tumble, Nasdaq 100 Selloffs As Tech Giants Disappoint, Crypto Companies Plummet: What's Driving Markets Thursday?

WIIM

Linde shares are trading lower after the company reported Q3 financial results and issued Q4 and FY24 adjusted EPS guidance below estimates.

Guidance

Linde Revises FY24 Adj EPS Outlook From $15.40 - $15.60 To $15.40 - $15.50, Est $15.51

Linde Expects Q4 Adj EPS Of $3.86 - $3.96, Est $4.02

Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>) reported quarterly earnings of $3.94 per share which beat the analyst consensus estimate of $3.89 by 1.29 percent. This is a 8.54 percent increase over earnings of $3.63 per share from the same period last year. The company reported quarterly sales of $8.36 billion which beat the analyst consensus estimate of $8.32 billion by 0.41 percent. This is a 2.46 percent increase over sales of $8.15 billion the same period last year.

Earnings

Earnings Beats

Linde Q3 2024 Adj EPS $3.94 Beats $3.89 Estimate, Sales $8.36B Beat $8.32B Estimate

Linde has invested $120 million to build, own and operate a new on-site air separation unit (ASU), the largest in Indonesia and Linde's largest ASU in southeast Asia.&nbsp;

Linde Starts Up Supply Of Industrial Gases To PT Freeport Indonesia

In addition to supplying Tata Steel, the new ASUs will meet demand for industrial gases from the local merchant market. Linde has signed agreements for the supply of renewable energy to the plant, reducing Scope 2 emissions in line with Linde's 2035 absolute GHG emissions reduction target.

Contracts

General

Linde Has Signed Agreements To De-captivate Two Air Separation Unit And Expand Its Existing Supply Of Industrial Gases To Tata Steel In Odisha, India

Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>) has outperformed the market over the past 20 years by 4.32% on an annualized basis producing an average annual return of 12.95%. Currently, Linde has a market capitalization of $232.37 billion. 
Buying $1000 In LIN: If an investor had bought $1000 of LIN stock 20 years ago, it would be worth $11,613.16 today based on a price of $486.63 for LIN at the time of writing.
<h3>Linde's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729186347_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 20 Years Ago, You Would Have $12,000 Today

Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>) has outperformed the market over the past 5 years by 6.27% on an annualized basis producing an average annual return of 20.57%. Currently, Linde has a market capitalization of $229.42 billion. 
Buying $100 In LIN: If an investor had bought $100 of LIN stock 5 years ago, it would be worth $248.02 today based on a price of $480.45 for LIN at the time of writing.
<h3>Linde's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727465426_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Linde 5 Years Ago Would Be Worth Today

Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>) has outperformed the market over the past 15 years by 1.11% on an annualized basis producing an average annual return of 12.84%. Currently, Linde has a market capitalization of $226.75 billion. 
Buying $1000 In LIN: If an investor had bought $1000 of LIN stock 15 years ago, it would be worth $6,167.81 today based on a price of $474.86 for LIN at the time of writing.
<h3>Linde's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725462018_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Linde 15 Years Ago Would Be Worth Today

BMO Capital analyst John McNulty maintains Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>) with a Outperform and maintains $477 price target.

BMO Capital Maintains Outperform on Linde, Maintains $477 Price Target

Whales with a lot of money to spend have taken a noticeably bullish stance on Linde.
Looking at options history for Linde (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 22% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $114,020 and 6, calls, for a total amount of $358,488.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $470.0 and $500.0 for Linde, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Linde's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Linde's whale activity within a strike price range from $470.0 to $500.0 in the last 30 days. 
<h3>Linde 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724871675_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$38.6</td>
<td>$36.3</td>
<td>$38.17</td>
<td>$500.00</td>
<td>$152.4K</td>
<td style="text-align: right;">226</td>
<td style="text-align: right;">47</td>
</tr>
<tr>
<td>LIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$20.0</td>
<td>$19.9</td>
<td>$19.95</td>
<td>$480.00</td>
<td>$57.6K</td>
<td style="text-align: right;">909</td>
<td style="text-align: right;">31</td>
</tr>
<tr>
<td>LIN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$32.5</td>
<td>$32.2</td>
<td>$32.3</td>
<td>$470.00</td>
<td>$51.7K</td>
<td style="text-align: right;">11</td>
<td style="text-align: right;">18</td>
</tr>
<tr>
<td>LIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$19.0</td>
<td>$18.9</td>
<td>$18.9</td>
<td>$480.00</td>
<td>$43.4K</td>
<td style="text-align: right;">909</td>
<td style="text-align: right;">68</td>
</tr>
<tr>
<td>LIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$26.2</td>
<td>$26.0</td>
<td>$26.06</td>
<td>$470.00</td>
<td>$39.1K</td>
<td style="text-align: right;">344</td>
<td style="text-align: right;">84</td>
</tr>
</tbody>
</table>

<h3>About Linde</h3>
Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $33 billion in revenue in 2023.
After a thorough review of the options trading surrounding Linde, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Linde</h3>
<ul>
<li>Currently trading with a volume of 515,141, the LIN's price is down by -0.25%, now at $471.15. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 57 days.</li>
</ul>
<h3>What Analysts Are Saying About Linde</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $495.75.
<ul>
<li>Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Linde, targeting a price of $477. </li>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Linde, targeting a price of $480. </li>
<li>An analyst from Barclays persists with their Overweight rating on Linde, maintaining a target price of $510. </li>
<li>An analyst from B of A Securities has decided to maintain their Buy rating on Linde, which currently sits at a price target of $516. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Linde with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Market Whales and Their Recent Bets on LIN Options

Linde plc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NASDAQ">LIN</a>) shares are trading higher today. The company disclosed a long-term agreement to supply clean hydrogen to Dow Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/ac40571189/linde-signs-long-term-agreement-to-supply-clean-hydrogen-to-dows-path2zero-project-in-canada" rel="noreferrer noopener">Fort Saskatchewan Path2Zero Project</a>.
The company plans to invest over $2 billion to build, own, and operate an integrated clean hydrogen and atmospheric gases facility in Alberta, Canada.
When completed in 2028, the new complex in Alberta will be Canada&#8217;s largest clean hydrogen production facility and one of the largest worldwide.
In the first phase, Linde will supply clean hydrogen, nitrogen, and other services to support Dow&#8217;s net-zero emissions integrated ethylene cracker and derivatives site.
Sanjiv Lamba, Chief Executive Officer, Linde, said, &#8220;This landmark project aligns with our strategy of developing high-quality projects with secured off-take. Our technology, experience and execution are enabling the transition to a cleaner economy.&#8221;
Additionally, Linde&#8217;s facility will supply clean hydrogen to industrial customers aiming to decarbonize. The complex will capture over 2 million metric tons of carbon dioxide annually for sequestration.
This will be Linde&#8217;s biggest single investment and its second world-scale clean hydrogen project, following its announcement on the U.S. Gulf Coast blue ammonia project.
Jim Fitterling, Chair and Chief Executive Officer, Dow stated, &#8220;Our business strategy to decarbonize our assets and drive growth while enabling higher shareholder returns is central to Dow&#8217;s long-term success.&#8221;
Investors can gain exposure to LIN via&nbsp;IShares U.S. Basic Materials ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYM#NYSE">IYM</a>) and&nbsp;Materials Select Sector SPDR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>).
Price Action: LIN shares are up 0.60% at $471.29 at the last check Tuesday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/39954583" target="_blank" rel="noreferrer noopener">Chemicals Company Dow&#8217;s Q2 Earnings Disappoint Amid Challenging Market Conditions; Stock Slips</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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