Huntington National Bank Has $100.75 Million Stock Position in Linde PLC $LIN

Huntington National Bank lifted its stake in shares of Linde PLC (NASDAQ:LIN) by 1.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 212,109 shares of the basic materials company’s stock after purchasing an additional 3,050 shares during the quarter. Huntington National Bank’s holdings in Linde were worth $100,752,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Sound Financial Strategies Group LLC increased its holdings in Linde by 1.4% in the 2nd quarter. Sound Financial Strategies Group LLC now owns 1,635 shares of the basic materials company’s stock worth $767,000 after purchasing an additional 22 shares in the last quarter. Shepherd Financial Partners LLC grew its holdings in shares of Linde by 4.5% during the second quarter. Shepherd Financial Partners LLC now owns 508 shares of the basic materials company’s stock worth $238,000 after purchasing an additional 22 shares during the last quarter. Embree Financial Group increased its stake in shares of Linde by 4.9% in the third quarter. Embree Financial Group now owns 469 shares of the basic materials company’s stock valued at $223,000 after buying an additional 22 shares during the period. Binnacle Investments Inc raised its holdings in Linde by 10.2% in the 2nd quarter. Binnacle Investments Inc now owns 237 shares of the basic materials company’s stock valued at $111,000 after buying an additional 22 shares during the last quarter. Finally, Trust Co. of Vermont raised its holdings in Linde by 0.3% in the 3rd quarter. Trust Co. of Vermont now owns 8,571 shares of the basic materials company’s stock valued at $4,071,000 after buying an additional 23 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Guillermo Bichara sold 9,455 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $480.45, for a total transaction of $4,542,654.75. Following the transaction, the vice president owned 22,138 shares in the company, valued at approximately $10,636,202.10. This represents a 29.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Linde Trading Up 1.9%

NASDAQ LIN opened at $508.08 on Friday. The business has a 50 day simple moving average of $454.42 and a 200 day simple moving average of $449.62. Linde PLC has a one year low of $387.78 and a one year high of $510.65. The stock has a market capitalization of $235.44 billion, a P/E ratio of 34.82, a P/E/G ratio of 3.28 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.88 and a quick ratio of 0.74.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, February 5th. The basic materials company reported $4.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.02. The firm had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.64 billion. Linde had a return on equity of 19.52% and a net margin of 20.30%.The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $3.97 EPS. Linde has set its Q1 2026 guidance at 4.200-4.300 EPS and its FY 2026 guidance at 17.400-17.900 EPS. Research analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Wednesday, March 11th will be paid a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.3%. This is an increase from Linde’s previous quarterly dividend of $1.50. The ex-dividend date of this dividend is Wednesday, March 11th. Linde’s payout ratio is presently 41.12%.

Analyst Ratings Changes

Several equities analysts have issued reports on LIN shares. Mizuho set a $525.00 price target on shares of Linde in a research report on Friday, February 6th. CICC Research began coverage on Linde in a report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 target price on the stock. Erste Group Bank upgraded Linde from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $455.00 price objective on shares of Linde in a research note on Friday, February 6th. Finally, Weiss Ratings raised shares of Linde from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $508.20.

Linde Company Profile

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.