Crossmark Global Holdings Inc. Has $14.14 Million Holdings in Linde plc (NASDAQ:LIN)

Crossmark Global Holdings Inc. grew 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 Securities & Exchange Commission. The fund owned 29,659 shares of the basic materials company’s stock after acquiring an additional 303 shares during the period. Crossmark Global Holdings Inc.’s holdings in Linde were worth $14,143,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Summit Securities Group LLC acquired a new stake in shares of Linde in the 2nd quarter worth about $28,000. Kozak & Associates Inc. purchased a new position in shares of Linde during the third quarter valued at about $34,000. Capital Performance Advisors LLP bought a new stake in Linde during the third quarter worth about $43,000. J.Safra Asset Management Corp bought a new position in shares of Linde in the second quarter worth approximately $42,000. Finally, Hazlett Burt & Watson Inc. lifted its position in Linde by 133.3% during the second quarter. Hazlett Burt & Watson Inc. now owns 98 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 56 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Performance

Shares of NASDAQ:LIN traded down $5.99 during midday trading on Friday, reaching $459.48. The company 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 52-week low of $390.38 and a 52-week high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average price is $471.60 and its 200 day moving average price is $452.30.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share 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 company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same period in the prior year, the business posted $3.63 earnings per share. Linde’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Dividend Announcement

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

Insider Buying and Selling at Linde

In related 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 sale, the vice president now directly owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LIN has been the subject of several analyst reports. Barclays raised their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Bank of America upped their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Mizuho increased their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, BMO Capital Markets lifted their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $490.75.

Linde Company 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.