Omnia Family Wealth LLC Acquires New Shares in Linde PLC $LIN

Omnia Family Wealth LLC acquired a new stake in Linde PLC (NASDAQ:LIN) in the 2nd quarter, Holdings Channel reports. The firm acquired 559 shares of the basic materials company’s stock, valued at approximately $262,000.

Several other hedge funds have also recently bought and sold shares of LIN. North Capital Inc. purchased a new position in Linde in the 1st quarter valued at approximately $25,000. Abound Financial LLC purchased a new position in Linde during the first quarter worth $41,000. eCIO Inc. purchased a new position in Linde during the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd increased its position in Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after buying an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new position in Linde during the first quarter worth $52,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction 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 transaction, the director owned 480,543 shares in the company, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Citigroup raised their price target on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, UBS Group dropped their price target on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $520.00.

Linde Price Performance

LIN stock opened at $451.42 on Thursday. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49. The stock’s fifty day simple moving average is $473.62 and its 200-day simple moving average is $464.37. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $211.68 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 3.03 and a beta of 0.93.

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

Linde Announces Dividend

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

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.