OLD National Bancorp IN Has $1.51 Million Holdings in Linde PLC $LIN

Key Points

• OLD National Bancorp IN reduced its holdings in Linde PLC by 26.9%, now owning 3,210 shares valued at approximately $1.51 million as per their recent SEC filing.
• Linde's Director, Stephen F. Angel, sold 50,309 shares at an average price of $473.38, decreasing his position by 9.48% and retaining 480,543 shares valued at around $227.48 million.
• Linde declared a quarterly dividend of $1.50 per share, translating to a 1.3% yield, with a payout ratio of 42.67% based on their earnings.

OLD National Bancorp IN trimmed its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 26.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,210 shares of the basic materials company's stock after selling 1,182 shares during the period. OLD National Bancorp IN's holdings in Linde were worth $1,506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of LIN. North Capital Inc. bought a new stake in Linde during the 1st quarter worth approximately $25,000. Abound Financial LLC bought a new stake in shares of Linde during the first quarter worth $41,000. eCIO Inc. acquired a new stake in shares of Linde during the first quarter worth $45,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of 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 acquiring an additional 89 shares during the period. Finally, Nova Wealth Management Inc. bought a new stake in Linde in the 1st quarter valued at $52,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Insider Buying and Selling

In other news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the transaction, the director 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by corporate insiders.

Linde Stock Performance

Shares of NASDAQ LIN opened at $468.55 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The stock has a 50 day moving average price of $474.59 and a 200 day moving average price of $464.46. The stock has a market capitalization of $219.71 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 3.08 and a beta of 0.93. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous 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. Analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde's dividend payout ratio is 42.67%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LIN. Royal Bank Of Canada started coverage on Linde in a research note on Friday, June 13th. They issued an "outperform" rating and a $576.00 price target on the stock. UBS Group dropped their target price on Linde from $510.00 to $507.00 and set a "neutral" rating on the stock in a research report on Monday. Citigroup upped their price target on Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a research report on Monday. JPMorgan Chase & Co. raised their price target on shares of Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Linde in a research report on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Linde presently has an average rating of "Buy" and an average price target of $520.00.

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.

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