Linde (LIN) Isn’t Seeing US Reshoring, Says Jim Cramer

Core Insights - Linde plc (NASDAQ:LIN) is facing challenges due to a weak European economy, with a reported 3% decline in sales volumes in its Europe, Middle East, and Africa business during the fiscal third quarter [2] - The company has guided its fourth quarter earnings per share to be between $4.10 and $4.20, which is below the $4.23 estimated by LSEG analysts [2] - UBS has maintained a Buy rating for Linde and set a price target of $500, while CICC has initiated coverage with a higher target of $510 and an Outperform rating [3] Company Performance - Linde's recent earnings report on October 31 indicated struggles in the European market, impacting overall sales [2] - The company is projected to accelerate its earnings per share growth from 6% in 2025 to 9% to 10% in 2026 according to UBS [3] Market Context - Jim Cramer highlighted the lack of industrial reshoring in the US as a concern for Linde, noting that industrial gas companies typically benefit from such trends [4] - Cramer expressed skepticism about the current state of reshoring, indicating that Linde has not seen the expected benefits from this economic shift [4]