
LIN · Nasdaq
Linde sells industrial gases, including oxygen, nitrogen, hydrogen and specialty gases, and provides related engineering, equipment and project services. It makes money through recurring gas supply contracts, packaged-gas sales and engineered projects serving manufacturing, healthcare, food and beverage, electronics, chemicals, energy and other industrial customers. Industrial gases are the core business, while engineering and project activity supports customer infrastructure and growth investments; the supplied evidence does not quantify contributions by segment. Linde reported FY2025 revenue of $34.0 billion and net income of $6.9 billion, up from $33.0 billion and $6.6 billion in FY2024.
Linde fell $21.20, or 4.33%, from $489.58 to $468.38 over the reported period. The shares slipped through the first four sessions, reaching $477.57 on September 4, before falling another 1.9% to $468.38 on September 8, with volume rising to 2.58 million. The main company-specific pressure was concern over soft third-quarter guidance, highlighted in coverage following record results. Bernstein SocGen also cut its price target after project analysis. Additional commentary cited higher capital expenditure and stronger peer momentum as limiting upside, while separate reports said macroeconomic data was influencing trading. There was no material within-period reversal; selling accelerated into the final session.
Linde fell 0.65% over the week, from $485.35 to $482.19. The shares initially strengthened, closing at $489.51 on August 28 and $489.58 on August 31, before slipping to $486.76 on September 1 and recovering slightly to $487.45 on September 2. Thursday’s sharper decline coincided with Linde trading ex-dividend for its $1.60 quarterly payment, while an ETF Channel report also identified LIN among stocks affected by ETF outflows. Earlier coverage emphasized the company’s guidance, dividend support and second-quarter earnings beat, but those factors did not prevent the late-week reversal. No new company-specific earnings release or analyst action was supplied for the week.
Linde rose $1.94, or 0.40%, over the week, from $487.57 on August 21 to $489.51 on August 28. Trading was volatile rather than directional: the stock gained $2.46 on Monday, gave back $2.83 on Tuesday, recovered $3.13 on Wednesday, fell $4.98 on Thursday, and rebounded $4.16 on Friday. The supplied evidence contains no dated company-specific announcement, earnings release, or guidance change explaining those reversals. The only potentially relevant flow item was BNK Invest’s report highlighting ETF share-count changes involving LIN, although its snippet quantified the inflow for SCHG rather than Linde specifically. Overall, the stock moved modestly higher without a clear company catalyst.
Linde rose $12.00, or 2.50%, from $480.46 on August 3 to $492.46 on August 10. The advance was concentrated early: the stock gained $4.18 on Tuesday and another $6.41 on Wednesday, reaching $491.05. It then gave back modest ground on Thursday and Friday, closing at $490.11 and $489.98, before adding $2.48 on Monday. The supplied evidence identifies no company-specific announcement, earnings release, contract, executive change, or current analyst action that explains the move. Trading therefore appears to have reflected market positioning or broader conditions, although no specific market catalyst or index performance is provided. Volume declined from 2.8 million shares on August 3 to 1.9 million on August 10.
Linde fell $26.54, or 5.19%, from $511.18 to $484.64 over the period, with the decline concentrated on Friday, when shares dropped $30.26 to $478.38 on volume of 5.22 million. The selloff coincided with Linde’s release of second-quarter results, which nevertheless showed record sales, an adjusted EPS beat, and a record $8.1 billion sale-of-gas project backlog. The company also announced a long-term ultra-high-purity-gas contract with a major semiconductor manufacturer and plans to invest $1 billion in an Arizona facility expansion. Shares stabilized afterward, rising 0.4% on Monday and 0.9% on Tuesday, but those gains recovered only a small portion of Friday’s loss. The supplied evidence does not identify a negative company-specific catalyst explaining the market reaction.
Notable ETF Inflow Detected - VONV, MS, LIN, TMO