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

Huntington National Bank grew its holdings in shares of Linde plc (NASDAQ:LIN) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. D Orazio & Associates Inc. increased its position in shares of Linde by 4.0% during the third quarter. D Orazio & Associates Inc. now owns 815 shares of the basic materials company’s stock worth $389,000 after buying an additional 31 shares during the period. Schrum Private Wealth Management LLC raised its position in Linde by 27.1% in the third quarter. Schrum Private Wealth Management LLC now owns 600 shares of the basic materials company’s stock worth $286,000 after acquiring an additional 128 shares during the period. Souders Financial Advisors increased its stake in shares of Linde by 9.8% in the third quarter. Souders Financial Advisors now owns 10,086 shares of the basic materials company’s stock worth $4,810,000 after purchasing an additional 900 shares in the last quarter. Haverford Trust Co increased its stake in shares of Linde by 3.8% in the third quarter. Haverford Trust Co now owns 10,196 shares of the basic materials company’s stock worth $4,862,000 after purchasing an additional 376 shares in the last quarter. Finally, Empower Advisory Group LLC grew its stake in Linde by 6.9% during the third quarter. Empower Advisory Group LLC now owns 172,304 shares of the basic materials company’s stock valued at $82,165,000 after acquiring an additional 11,151 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Bank of America increased their price objective 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. Finally, Mizuho raised their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $490.75.

Linde Stock Up 0.1 %

Linde stock opened at $456.24 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. The company 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 stock’s 50 day moving average price is $470.79 and its 200 day moving average price is $452.58.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $3.63 earnings per share. On average, sell-side analysts predict that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a $1.39 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 42.22%.

Insider Activity at Linde

In other news, VP John Panikar sold 10,025 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the sale, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company insiders.

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.