Omnia Family Wealth LLC Takes $262,000 Position in Linde PLC $LIN

Omnia Family Wealth LLC acquired a new stake in Linde PLC (NASDAQ:LIN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 559 shares of the basic materials company’s stock, valued at approximately $262,000.

A number of other hedge funds have also modified their holdings of the company. Breakwater Capital Group lifted its stake in Linde by 2.3% during the 2nd quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock worth $460,000 after acquiring an additional 22 shares in the last quarter. Canopy Partners LLC raised its position in Linde by 2.9% in the 2nd 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 in the last quarter. Mitchell Sinkler & Starr PA raised its position in Linde by 1.9% in the 2nd quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock valued at $559,000 after purchasing an additional 22 shares in the last quarter. Clarendon Private LLC increased its holdings 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 acquiring an additional 22 shares during the last quarter. Finally, Strategy Asset Managers LLC increased its holdings in shares of Linde by 2.8% in the 1st quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock valued at $388,000 after acquiring an additional 23 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the sale, the director directly owned 480,543 shares of the company’s stock, valued at $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on LIN. JPMorgan Chase & Co. increased their price objective on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. UBS Group decreased their target price on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Finally, Citigroup upped their target price on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $520.00.

Linde Stock Down 1.7%

LIN opened at $451.42 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The business has a 50 day simple moving average of $473.62 and a 200-day simple moving average of $464.37. The stock has a market capitalization of $211.68 billion, a P/E ratio of 32.11, a P/E/G ratio of 3.03 and a beta of 0.93. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating the consensus estimate of $4.03 by $0.06. The business had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $3.85 EPS. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, equities analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde’s dividend payout ratio (DPR) is currently 42.67%.

About Linde

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.