OMERS ADMINISTRATION Corp Cuts Stock Holdings in Linde PLC $LIN

Key Points

• OMERS ADMINISTRATION Corp reduced its shareholding in Linde PLC by 0.4%, bringing its total to 327,872 shares, which represents approximately 1.3% of its portfolio.
• Linde reported a quarterly EPS of $4.09, exceeding analyst expectations, with revenue reaching $8.50 billion, a 2.3% increase year-over-year.
• The company recently announced a $1.50 quarterly dividend, marking a yield of 1.2%, with the ex-dividend date set for September 4th.

OMERS ADMINISTRATION Corp lowered its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 327,872 shares of the basic materials company's stock after selling 1,227 shares during the quarter. Linde accounts for about 1.3% of OMERS ADMINISTRATION Corp's portfolio, making the stock its 22nd largest position. OMERS ADMINISTRATION Corp owned about 0.07% of Linde worth $152,670,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. North Capital Inc. bought a new stake in shares of Linde in the 1st quarter worth about $25,000. Putney Financial Group LLC bought a new position in shares of Linde during the 4th quarter worth approximately $31,000. Dunhill Financial LLC purchased a new stake in Linde during the 4th quarter worth approximately $34,000. Abound Financial LLC purchased a new stake in Linde during the 1st quarter worth approximately $41,000. Finally, Capital A Wealth Management LLC purchased a new stake in Linde during the 4th quarter worth approximately $37,000. Institutional investors own 82.80% of the company's stock.

Linde Trading Up 0.2%

NASDAQ:LIN opened at $482.71 on Thursday. The company has a market capitalization of $226.35 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 3.18 and a beta of 0.92. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49. The stock has a fifty day simple moving average of $470.42 and a 200-day simple moving average of $461.63.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the previous year, the company posted $3.85 EPS. 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. On average, equities research analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $6.00 annualized dividend and a yield of 1.2%. Linde's payout ratio is presently 42.67%.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $473.38, for a total transaction 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 represents a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on LIN shares. Royal Bank Of Canada assumed coverage on shares of Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective on the stock. UBS Group upped their price objective on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and increased their target price for the company from $500.00 to $535.00 in a research report on Monday, June 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $519.63.

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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