Berenberg keeps Buy on Belimo stock at CHF 1,100 target

Published on 10/01/2026 at 11:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Belimo sales hit CHF 676.4 million in the first half of 2026, up 20.5 percent. Belimo stock costs EUR 862.00 on October 1, 2026 after EUR 852.75.

Fotorealistische HLK-Fertigungshalle mit Klappenantrieben und Lüftungskanälen in Produktion — Belimo Holding AG (ISIN CH1101098163) fertigt Klappenantriebe für Lüftungskanäle in moderner Fabrikhalle, Illustration mit AI erstellt.

Belimo stock (ISIN CH1101098163) was trading at EUR 862.00 at Lang & Schwarz on October 1, 2026 at 11:35 a.m. CEST, up 1.08 percent versus the prior close of EUR 852.75. On September 2, 2026, Berenberg kept its Buy rating and CHF 1,100 price target after a site visit, as Finimize reported.

CHF 1,100 target meets strong growth

The analyst view follows Belimo's first-half performance. In the first half of 2026, sales reached CHF 676.4 million, an increase of 20.5 percent in Swiss francs from the year-earlier period, according to the company's earnings-call transcript published by Yahoo Finance.

Operating profit rose 19.00 percent to CHF 153.0 million in the same period, while the operating margin stood at 22.50 percent. Net income increased 23.00 percent to CHF 125.0 million, giving the growth story more depth than a revenue comparison alone.

Data center demand shapes the picture

Belimo makes actuators, valves, sensors and meters for heating, ventilation and air-conditioning systems. The company profile describes data center cooling as part of a wider HVAC portfolio, while Berenberg's September assessment emphasized capacity expansion and digital controls rather than treating Belimo solely as an artificial-intelligence proxy.

That distinction matters because the first-half result combined volume growth with pricing and regional demand. Belimo's first-half revenue growth in Swiss francs was 20.50 percent, below the 29.70 percent increase in local currencies cited in the earnings-call material, highlighting the effect of currency movements on reported results.

Stock remains below the yearly high

On the SIX Swiss Exchange, Belimo's primary listing was last quoted at CHF 813.00 on October 1, 2026 at 11:21 a.m. CEST. Its CHF 608.50 to CHF 969.50 52-week range places the Swiss quote 16.14 percent below the high, while the market capitalization was CHF 10.0 billion on the same date.

Belimo shares are listed on the SIX Swiss Exchange and entered the SMIM index in 2022, according to Belimo. The further course of trading is shown by the continuously updated real-time quote of Belimo stock.