Crossmark Global Holdings Inc. Buys 303 Shares of Linde plc (NASDAQ:LIN)

Crossmark Global Holdings Inc. lifted its stake in shares of Linde plc (NASDAQ:LIN) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,659 shares of the basic materials company’s stock after buying an additional 303 shares during the period. Crossmark Global Holdings Inc.’s holdings in Linde were worth $14,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LIN. Vanguard Group Inc. boosted its holdings in Linde by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock worth $20,744,033,000 after buying an additional 405,952 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Linde by 0.4% during the second quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock valued at $1,513,551,000 after buying an additional 15,187 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Linde by 7.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock valued at $1,365,647,000 after purchasing an additional 218,746 shares during the period. Impax Asset Management Group plc raised its position in Linde by 2.4% in the third quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock worth $1,130,986,000 after acquiring an additional 56,775 shares during the period. Finally, Clearbridge Investments LLC raised its position in shares of Linde by 8.7% during the 2nd quarter. Clearbridge Investments LLC now owns 1,993,820 shares of the basic materials company’s stock valued at $874,908,000 after purchasing an additional 160,355 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays raised their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Bank of America lifted their price objective on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and an average target price of $490.75.

Linde Price Performance

Shares of Linde stock traded down $5.99 during trading hours on Friday, reaching $459.48. The company’s stock had a trading volume of 1,496,836 shares, compared to its average volume of 1,835,682. The stock has a market cap of $218.79 billion, a P/E ratio of 34.89, a P/E/G ratio of 2.96 and a beta of 0.94. Linde plc has a one year low of $390.38 and a one year high of $487.49. The firm has a 50 day moving average price of $471.60 and a 200-day moving average price of $452.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the prior year, the firm posted $3.63 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that Linde plc will post 15.48 EPS for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be paid a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is 42.22%.

Linde Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.