Securian Asset Management Inc. Sells 624 Shares of Linde PLC $LIN

Securian Asset Management Inc. lowered its holdings in shares of Linde PLC (NASDAQ:LIN) by 2.5% in the second quarter, HoldingsChannel reports. The firm owned 24,611 shares of the basic materials company’s stock after selling 624 shares during the period. Securian Asset Management Inc.’s holdings in Linde were worth $11,547,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. North Capital Inc. bought a new position in Linde during the first quarter worth about $25,000. Abound Financial LLC bought a new position in Linde during the first quarter worth about $41,000. eCIO Inc. bought a new position in Linde during the first quarter worth about $45,000. Clal Insurance Enterprises Holdings Ltd lifted 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 acquiring an additional 89 shares during the last quarter. Finally, Nova Wealth Management Inc. acquired a new stake in Linde during the first quarter worth approximately $52,000. Institutional investors own 82.80% of the company’s stock.

Linde Stock Up 0.1%

NASDAQ LIN opened at $451.56 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. Linde PLC has a 1-year low of $408.65 and a 1-year high of $486.38. The company has a 50 day moving average of $472.31 and a 200-day moving average of $464.14. The company has a market cap of $211.74 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 2.98 and a beta of 0.93.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same period in the previous year, the business earned $3.85 earnings per share. The firm’s quarterly 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 firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s payout ratio is presently 42.67%.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction that occurred on 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 sale, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Citigroup raised their price objective on shares of 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 cut their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company 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 data from MarketBeat.com, the company has an average rating of “Buy” and an average 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.