New York, Feb 16, 2026, 18:25 (EST) — The market has wrapped up for the day.
- Linde finished Friday at $481 a share, gaining roughly 1.7% just before the U.S. market holiday.
- Linde’s 2026 profit targets and capital spending blueprint, detailed earlier this month, remain under investor scrutiny.
- The stock faces its next short-term test this week, with CFO remarks slated at two investor conferences.
Linde plc finished Friday at $481, rising 1.7% ahead of the U.S. market holiday that will shutter Wall Street on Monday. The industrial-gases heavyweight, listed on the Nasdaq, moved between $473.35 and $488.54 during the day. Trading volume came in around 4.4 million shares. (Yahoo Finance)
The pause tightens the week, sharpening the focus on anything that might shift expectations. For Linde, that typically comes down to what management says about demand, pricing, and how the project pipeline looks.
Oxygen, nitrogen, hydrogen—these are the core products the company provides to both factories and hospitals, with most sales locked in through long-term contracts. Shifts in market conditions have a way of surfacing in its guidance quickly, more so than with a lot of other industrial players.
Linde posted 2025 sales totaling $34.0 billion earlier this month, projecting adjusted earnings per share for 2026 to land between $17.40 and $17.90. “Adjusted” here excludes items the company doesn’t see as part of its core operations. CEO Sanjiv Lamba described Linde as “well positioned to capture high-quality wins in 2026,” though he did acknowledge the “macroeconomic uncertainties.” The company’s project backlog stands at $10.0 billion, with 2026 capital spending forecast at $5.0 billion to $5.5 billion. (Linde Assets)
During the earnings call, Lamba described the 2025 outlook as “a study in contrast.” He cited solid momentum from AI and digital infrastructure, while noting softness in older-line industrial sectors like manufacturing and metals. (Linde Assets)
The key issue for the stock: can pricing continue to carry the weight if volumes remain spotty across different end markets? Spending is a separate factor. Big clean-energy and industrial projects often drag cash flow forward and leave results swinging from one quarter to the next, with payoffs pushed further out.
Swings in Linde often ripple through to rivals like Air Products and Air Liquide, both running similar contract-driven businesses. The trio generally serves as a bellwether for demand across chemicals, metals, and energy, traders say.
LIN surged through to mid-February, pushing expectations higher as shares hovered close to their highs. Any slowdown in industrial demand, fluctuations in currency, or setbacks on projects could drag on near-term outlook—particularly now, with capital spending on the rise.
Trading picks up again Tuesday. Investors are eyeing that $480 mark to see if shares can stay put, especially with a holiday-shortened week. Thin post-holiday volumes can make any change in sentiment show up fast.
CFO Matt White and investor-relations chief Juan Pelaez are set to appear at Citi’s 2026 Global Industrial Tech and Mobility Conference on Feb. 17, with a slot on Barclays’ 43rd Annual Industrial Select Conference lined up for Feb. 18, the company’s events calendar shows. (Linde)
