Linde PLC (NASDAQ:LIN) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its stake in Linde PLC (NASDAQ:LIN - Free Report) by 2.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,248 shares of the basic materials company's stock after buying an additional 619 shares during the period. Crossmark Global Holdings Inc.'s holdings in Linde were worth $11,756,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Callan Capital LLC increased its holdings in shares of Linde by 27.9% in the 1st quarter. Callan Capital LLC now owns 1,541 shares of the basic materials company's stock valued at $718,000 after acquiring an additional 336 shares during the period. TD Private Client Wealth LLC raised its stake in shares of Linde by 5.2% in the 1st quarter. TD Private Client Wealth LLC now owns 14,504 shares of the basic materials company's stock valued at $6,754,000 after acquiring an additional 713 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Linde by 17.3% during the first quarter. Envestnet Asset Management Inc. now owns 873,884 shares of the basic materials company's stock worth $406,915,000 after acquiring an additional 129,173 shares during the period. Hexagon Capital Partners LLC increased its stake in Linde by 57.8% in the first quarter. Hexagon Capital Partners LLC now owns 352 shares of the basic materials company's stock valued at $164,000 after purchasing an additional 129 shares during the last quarter. Finally, Penserra Capital Management LLC grew its position in Linde by 18.4% during the 1st quarter. Penserra Capital Management LLC now owns 3,673 shares of the basic materials company's stock worth $1,709,000 after purchasing an additional 572 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company's stock.

Insider Buying and Selling at Linde

In related news, VP Sean Durbin sold 7,261 shares of Linde stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total value of $3,314,065.62. Following the transaction, the vice president owned 8,151 shares in the company, valued at $3,720,279.42. This trade represents a 47.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David P. Strauss sold 1,987 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $457.04, for a total value of $908,138.48. Following the transaction, the vice president owned 22,639 shares in the company, valued at $10,346,928.56. This trade represents a 8.07% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Royal Bank Of Canada began coverage on Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 price objective for the company. Sanford C. Bernstein raised Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Finally, Argus upgraded shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $515.90.

Linde Stock Performance

Shares of NASDAQ:LIN traded up $3.78 during trading on Wednesday, hitting $473.73. 230,822 shares of the company traded hands, compared to its average volume of 1,964,222. The business's fifty day moving average is $462.36 and its 200-day moving average is $451.89. The stock has a market capitalization of $223.00 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 3.31 and a beta of 0.96. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.45. Linde PLC has a one year low of $408.65 and a one year high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.03. Linde had a return on equity of 18.95% and a net margin of 20.02%. The company had revenue of $8.11 billion during the quarter, compared to analysts' expectations of $8.24 billion. During the same period in the prior year, the business earned $3.75 earnings per share. Linde's revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Wednesday, June 4th. Linde's dividend payout ratio (DPR) is currently 43.57%.

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.