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

Cullen Frost Bankers Inc. boosted its stake in shares of Linde PLC (NASDAQ:LIN) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,661 shares of the basic materials company’s stock after buying an additional 1,380 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Linde were worth $15,039,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Darwin Wealth Management LLC purchased a new stake in Linde during the 2nd quarter worth approximately $25,000. Marquette Asset Management LLC purchased a new stake in shares of Linde during the third quarter worth $27,000. YANKCOM Partnership increased its position in shares of Linde by 195.2% during the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 41 shares during the period. Albion Financial Group UT raised its stake in shares of Linde by 87.8% in the third quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 36 shares in the last quarter. Finally, Howard Hughes Medical Institute purchased a new position in Linde in the second quarter valued at $48,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LIN. Sanford C. Bernstein restated an “outperform” rating and issued a $516.00 price objective on shares of Linde in a report on Monday, November 3rd. Citigroup increased their target price on Linde from $520.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Linde in a report on Monday, December 29th. UBS Group reaffirmed a “buy” rating on shares of Linde in a research report on Friday, December 12th. Finally, JPMorgan Chase & Co. cut their target price on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. One research 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $501.75.

Linde Stock Up 1.3%

Linde stock opened at $451.57 on Friday. The stock has a 50 day moving average of $421.73 and a two-hundred day moving average of $448.30. Linde PLC has a twelve month low of $387.78 and a twelve month high of $486.38. The stock has a market capitalization of $210.86 billion, a price-to-earnings ratio of 30.25, a PEG 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 (NASDAQ:LIN) last issued its earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.03. Linde had a net margin of 21.17% and a return on equity of 19.38%. The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the previous year, the firm earned $3.94 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. As a group, research analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were issued a $1.50 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $6.00 annualized dividend and a yield of 1.3%. Linde’s payout ratio is 40.19%.

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.