Linde PLC $LIN Shares Bought by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. grew its position in shares of Linde PLC (NASDAQ:LIN) by 4.6% during the third quarter, HoldingsChannel reports. The firm owned 31,661 shares of the basic materials company’s stock after buying an additional 1,380 shares during the period. Cullen Frost Bankers Inc.’s holdings in Linde were worth $15,039,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in LIN. Canopy Partners LLC boosted its holdings in Linde by 2.9% in the second quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock valued at $370,000 after purchasing an additional 22 shares during the last quarter. Mitchell Sinkler & Starr PA increased its holdings in Linde by 1.9% during the 2nd quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock worth $559,000 after purchasing an additional 22 shares during the last quarter. Clarendon Private LLC raised its position in shares of Linde by 1.0% in the 2nd quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock valued at $1,066,000 after purchasing an additional 22 shares in the last quarter. Sound Financial Strategies Group LLC boosted its stake in shares of Linde by 1.4% during the 2nd quarter. Sound Financial Strategies Group LLC now owns 1,635 shares of the basic materials company’s stock valued at $767,000 after buying an additional 22 shares during the last quarter. Finally, Shepherd Financial Partners LLC boosted its stake in shares of Linde by 4.5% during the 2nd quarter. Shepherd Financial Partners LLC now owns 508 shares of the basic materials company’s stock valued at $238,000 after buying an additional 22 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Performance

NASDAQ:LIN opened at $451.57 on Friday. The company has a 50-day moving average of $421.73 and a 200-day moving average of $448.30. The firm has a market cap of $210.86 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 3.17 and a beta of 0.85. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46. Linde PLC has a twelve month low of $387.78 and a twelve month high of $486.38.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 EPS for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. The company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.62 billion. Linde had a net margin of 21.17% and a return on equity of 19.38%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.94 earnings per share. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. Analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s dividend payout ratio is currently 40.19%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LIN shares. Royal Bank Of Canada reduced their price target on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. JPMorgan Chase & Co. reduced their target price on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Mizuho set a $495.00 target price on Linde in a research report on Thursday, December 11th. BMO Capital Markets set a $501.00 price target on Linde in a research report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Linde in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Linde presently has a consensus rating of “Buy” and an average target price of $501.75.

Linde Company Profile

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.