Morgan Stanley keeps Buy on Belimo stock at CHF 1,130.00

Published on 10/08/2026 at 16:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sales rose 29.60 percent to CHF 676.40 million in first-half 2026. Belimo stock stood at EUR 839.50 in euro trading on October 8, 2026.

Key points in brief

Morgan Stanley maintained a Buy rating and set a CHF 1,130.00 target for Belimo on September 3, 2026.
First-half 2026 sales rose 29.60 percent to CHF 676.40 million, while net income increased 23.30 percent to CHF 124.90 million.
Belimo stock stood at EUR 839.50 at Lang & Schwarz on October 8, 2026 at 4:38 p.m. CEST.
The shares are listed on SIX and belong to the SMIM index, with a CHF 608.50 to CHF 969.50 52-week range.

Makrofotografie eines präzisen Metallventilmechanismus für Klimaanlagen — Belimo Holding AG (ISIN CH1101098163): Makroaufnahme zeigt präzisen Ventilmechanismus mit feinen Metallzahnrädern für Klimaanlagen, Illustration mit AI erstellt.

Belimo (ISIN CH1101098163) stood at EUR 839.50 at Lang & Schwarz on October 8, 2026 at 4:38 p.m. CEST. Investing.com reports that Morgan Stanley maintained its Buy rating and CHF 1,130.00 price target for Belimo on September 3, 2026.

Three milestones since July

On July 20, 2026, Belimo reported first-half sales of CHF 676.40 million, up 29.60 percent in local currencies, while net income rose 23.30 percent to CHF 124.90 million, according to Investing.com.

The second dated milestone came on September 3, 2026, when Morgan Stanley kept its Buy rating and CHF 1,130.00 target. On October 8, 2026, the Lang & Schwarz euro quote stood at EUR 839.50, giving the market a fresh valuation reference without mixing currencies.

What drives the growth?

Data center cooling was a central growth contributor in first-half 2026. Investing.com reported that data center activities represented 23.00 to 24.00 percent of revenue, while earnings before interest and taxes reached CHF 153.00 million at a 22.50 percent margin.

The operating picture combines rapid demand with execution demands. Belimo's September 14 interview with CEO Lars van der Haegen said Asia Pacific revenue rose 58.00 percent in local currencies to CHF 94.80 million, while the company was preparing a new Energy Valve for modern cooling systems, according to Moneycab.

Swiss valuation context

Belimo's shares are listed on the SIX Swiss Exchange under ticker BEAN and joined the SMIM index in 2022, according to Belimo. The 52-week range was CHF 608.50 to CHF 969.50, while market capitalization stood at CHF 9.7 billion on October 8, 2026.

Euro quote and key data

The Lang & Schwarz quote was EUR 839.50 on October 8, 2026 at 4:38 p.m. CEST. The reference price is separate from the SIX quotation in Swiss francs and from Morgan Stanley's CHF 1,130.00 target.

The further course of trading is shown by the continuously updated real-time quote of Belimo stock.