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Wire

Linde's Annual Volume Growth Could Rise on Space Launch Market Growth, UBS Says

Linde's (LIN) annual volume growth could see a 30 to 70 basis-point boost driven by the growing space launch market, UBS said in a Monday research note.Linde had implied that commercial space sales could surpass over $1 billion by 2030, and it would start breaking out commercial space and aero growth separately when the combined units reach 5% of company sales, which would require sales to start from a lower base or the sales price or shipping costs decline as volumes grow, analysts wrote.Keeping launch cadence estimates unchanged and modelling lower starting sales point of $150 million, the brokerage said it estimated $1.3 billion in space propellant sales by 2030.Assuming higher starting sales and gradually declining shipping costs, the sales impact could vary while the earnings growth impact on the company remains unchanged, UBS said.The brokerage said it reiterated its buy rating on the stock and price target of $600 per share.Price: $514.46, Change: $-7.02, Percent Change: -1.35%

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Insider Trading

Linde Insider Sold Shares Worth $2,642,909, According to a Recent SEC Filing

Robert L Wood, Director, on May 14, 2026, sold 5,215 shares in Linde (LIN) for $2,642,909. Following the Form 4 filing with the SEC, Wood has control over a total of 23,712 ordinary shares of the company, with 23,712 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1707925/000162828026035907/xslF345X05/wk-form4_1779133911.xmlPrice: $510.80, Change: $+4.69, Percent Change: +0.93%

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Research

Research Alert: CFRA Maintains Hold Opinion On Shares Of Linde Plc

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target by $48 to $537, using a P/E of 27.1x, equal to LIN's average forward P/E over the last three years. We raise our 2026 EPS estimate by $0.05 to $18.03 and 2027 by $0.26 to $19.81. LIN reported Q1 adj. EPS of $4.33, beating consensus by $0.06, with 30% operating margins and 24% ROC demonstrating the resilience of its business model. Management raised the low end of full-year guidance to $17.60-$17.90 (7%-9% growth), citing confidence despite geopolitical headwinds. The $7.1B project backlog should reach $8B+ by year-end, driven by Electronics projects supporting AI chip manufacturing. Americas volumes grew 2% Y/Y with double-digit hardgoods growth, though EMEA remains challenged by weak industrial activity. Commercial space is emerging as a significant growth driver, with aerospace sales up double-digits. Helium supply tightness presents upside opportunity beyond guidance. We think shares are fully valued at 25.6x our 2027 EPS estimate, limiting upside potential in the near term.

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Wire

Mizuho Securities Adjusts Linde Price Target to $575 From $560

Linde (LIN) has an average rating of overweight and mean price target of $529.04, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $512.45, Change: $+11.31, Percent Change: +2.26%

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Research

Research Alert: Linde Q1 Results Beat Expectations Amid Regional Divergence, Project Momentum

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Linde reported Q1 adjusted EPS of $4.33, up 10% Y/Y and $0.06 ahead of consensus, while sales of $8.8B grew 8% Y/Y, beating by 2%. Underlying sales growth of 3% comprised 2% pricing and 1% volume, though adjusted operating margins contracted 10 bps to 30.0%. The results demonstrate management's pricing discipline and ability to execute on the record $7.1B project backlog despite European manufacturing weakness. Management reaffirmed full-year 2026 adjusted EPS guidance of $17.60-$17.90 (7%-9% growth). Americas delivered strong 10% sales growth with margin expansion, while APAC surged 11% with 6% volume growth in electronics. EMEA faced challenges with underlying sales declining 2%. Linde returned $1.5B to shareholders through dividends and repurchases. We believe Linde's backlog-driven growth model supports consistent earnings progression, with project startups accelerating and ROC maintaining at 24%, though margin contraction and volume headwinds limit near-term multiple expansion potential.

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Wire

Linde Keeps Quarterly Dividend at $1.60 per Share, Payable June 18 to Holders of Record June 4

Linde Keeps Quarterly Dividend at $1.60 per Share, Payable June 18 to Holders of Record June 4

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