Securian Asset Management Inc. Has $11.55 Million Holdings in Linde PLC $LIN

Key Points

• Securian Asset Management Inc. reduced its holdings in Linde PLC by 2.5% during Q2, owning 24,611 shares now valued at approximately $11.55 million.
• The company reported earnings per share (EPS) of $4.09 for the last quarter, exceeding analyst expectations and showing a year-over-year revenue increase of 2.3%.
• Linde announced a quarterly dividend of $1.50 per share, resulting in an annualized dividend yield of 1.3%.

Securian Asset Management Inc. lessened its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,611 shares of the basic materials company's stock after selling 624 shares during the quarter. Securian Asset Management Inc.'s holdings in Linde were worth $11,547,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LIN. Nuveen LLC acquired a new stake in Linde during the 1st quarter worth $2,097,793,000. Deutsche Bank AG increased its holdings in Linde by 172.4% during the 1st quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company's stock worth $1,121,092,000 after purchasing an additional 1,523,702 shares in the last quarter. Wellington Management Group LLP increased its holdings in Linde by 18.6% during the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock worth $3,511,751,000 after purchasing an additional 1,182,157 shares in the last quarter. Alecta Tjanstepension Omsesidigt bought a new position in Linde during the 1st quarter worth about $233,405,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Linde by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company's stock worth $4,470,284,000 after purchasing an additional 453,108 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Insider Activity

In related news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction dated Thursday, August 7th. The stock was 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 in the company, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company's stock.

Linde Price Performance

NASDAQ:LIN opened at $451.56 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's 50-day simple moving average is $472.31 and its 200 day simple moving average is $464.14. The company has a market cap of $211.74 billion, a P/E ratio of 32.12, a P/E/G ratio of 2.98 and a beta of 0.93. Linde PLC has a 52-week low of $408.65 and a 52-week high of $486.38.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.Linde's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.85 earnings per share. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. As a group, sell-side analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. Linde's payout ratio is currently 42.67%.

Wall Street Analyst Weigh In

LIN has been the subject of a number of research reports. UBS Group lowered their target price on Linde from $510.00 to $507.00 and set a "neutral" rating for the company in a report on Monday, October 6th. JPMorgan Chase & Co. increased their target price on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Weiss Ratings reiterated a "buy (b)" rating on shares of Linde in a report on Wednesday, October 8th. Finally, Citigroup increased their target price on Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a report on Monday, October 6th. Two equities 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. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $520.00.

Linde 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.

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