Crossmark Global Holdings Inc. Acquires New Shares in Linde PLC $LIN

Crossmark Global Holdings Inc. acquired a new stake in Linde PLC (NASDAQ:LIN) during the 3rd quarter, HoldingsChannel reports. The firm acquired 27,549 shares of the basic materials company’s stock, valued at approximately $13,076,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LIN. Principia Wealth Advisory LLC boosted its stake in shares of Linde by 74.2% during the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after buying an additional 23 shares during the period. Legacy Wealth Managment LLC ID grew its holdings in shares of Linde by 96.6% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 28 shares in the last quarter. Manning & Napier Advisors LLC grew its holdings in shares of Linde by 1,450.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 58 shares in the last quarter. Marquette Asset Management LLC acquired a new position in shares of Linde in the third quarter worth $29,000. Finally, Polaris Financial Partners acquired a new position in shares of Linde in the third quarter worth $31,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of research reports. Evercore lifted their price objective on Linde from $515.00 to $525.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Argus lowered their target price on Linde from $563.00 to $538.00 and set a “buy” rating on the stock in a research note on Monday, September 28th. Jefferies Financial Group upped their target price on Linde from $535.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Citigroup dropped their target price on Linde from $580.00 to $560.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Linde in a research note on Thursday, October 8th. Three analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $547.10.

Linde Stock Up 2.0%

Linde stock opened at $510.36 on Friday. The company has a market capitalization of $235.27 billion, a P/E ratio of 32.97, a P/E/G ratio of 2.92 and a beta of 0.71. The firm’s fifty day simple moving average is $480.03 and its 200-day simple moving average is $498.29. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. Linde PLC has a 1-year low of $387.78 and a 1-year high of $548.20.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.01. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.02 billion. Linde had a net margin of 20.43% and a return on equity of 20.09%. Linde’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.09 EPS. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. Sell-side analysts forecast that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, September 3rd. Linde’s dividend payout ratio (DPR) is 41.34%.

Linde Profile

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company. It produces and distributes atmospheric gases such as oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide and specialty gases. The company serves customers through packaged gases, bulk deliveries, on-site production and pipeline systems.

Linde’s products and services support a broad range of industries, including healthcare, food and beverage, manufacturing, chemicals, energy, refining, electronics and metals.