Huntington National Bank Has $89.96 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Huntington National Bank raised its position in Linde plc (NASDAQ:LIN) by 4.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 188,642 shares of the basic materials company’s stock after purchasing an additional 7,813 shares during the period. Huntington National Bank’s holdings in Linde were worth $89,956,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC lifted its holdings in Linde by 566.9% during the 1st quarter. Clearbridge Investments LLC now owns 1,833,465 shares of the basic materials company’s stock worth $851,314,000 after buying an additional 1,558,538 shares in the last quarter. Swedbank AB bought a new position in Linde during the 2nd quarter worth about $420,720,000. International Assets Investment Management LLC increased its holdings in Linde by 47,830.2% during the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after purchasing an additional 934,123 shares in the last quarter. iA Global Asset Management Inc. bought a new position in Linde during the 1st quarter worth about $210,480,000. Finally, AMF Tjanstepension AB grew its holdings in shares of Linde by 108.7% in the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after acquiring an additional 408,659 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of Linde stock opened at $456.24 on Thursday. The company’s fifty day simple moving average is $470.79 and its two-hundred day simple moving average is $452.58. The firm has a market cap of $217.24 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the company posted $3.63 EPS. As a group, equities analysts expect that Linde plc will post 15.48 EPS for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be given a dividend of $1.39 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.22%. Linde’s dividend payout ratio is 42.22%.

Analysts Set New Price Targets

A number of equities analysts recently commented on LIN shares. BMO Capital Markets lifted their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Mizuho lifted their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Bank of America boosted their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and a consensus target price of $490.75.

Insider Buying and Selling at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

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.