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

Huntington National Bank boosted its stake in shares of Linde PLC (NASDAQ:LIN) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 large investors also recently modified their holdings of LIN. Vanguard Group Inc. grew its stake in Linde by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 44,638,847 shares of the basic materials company’s stock valued at $20,943,654,000 after buying an additional 292,492 shares during the last quarter. Norges Bank acquired a new stake in Linde during the 2nd quarter worth approximately $3,098,772,000. Invesco Ltd. boosted its stake in Linde by 4.8% in the 2nd quarter. Invesco Ltd. now owns 4,044,833 shares of the basic materials company’s stock valued at $1,897,755,000 after purchasing an additional 185,294 shares during the period. Franklin Resources Inc. grew its holdings in Linde by 0.7% in the 2nd quarter. Franklin Resources Inc. now owns 3,718,376 shares of the basic materials company’s stock valued at $1,744,588,000 after buying an additional 24,046 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Linde by 1.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,605,118 shares of the basic materials company’s stock valued at $1,690,961,000 after buying an additional 40,216 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Erste Group Bank raised shares of Linde from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. DZ Bank downgraded shares of Linde from a “buy” rating to a “hold” rating and set a $460.00 price objective for the company. in a report on Tuesday, February 10th. UBS Group raised their target price on shares of Linde from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Morgan Stanley reiterated an “overweight” rating and issued a $530.00 price target on shares of Linde in a research note on Friday, February 6th. Finally, Mizuho set a $525.00 price objective on Linde in a research note on Friday, February 6th. Two research 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 company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $508.20.

Linde Stock Performance

Shares of Linde stock opened at $508.08 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.74 and a debt-to-equity ratio of 0.52. The company has a market cap of $235.44 billion, a PE ratio of 34.82, a price-to-earnings-growth ratio of 3.28 and a beta of 0.84. The company has a 50 day moving average of $454.42 and a 200-day moving average of $449.62. Linde PLC has a 1-year low of $387.78 and a 1-year high of $510.65.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 5th. The basic materials company reported $4.20 EPS for the quarter, beating the consensus estimate of $4.18 by $0.02. The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.64 billion. Linde had a net margin of 20.30% and a return on equity of 19.52%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.97 earnings per share. Linde has set its Q1 2026 guidance at 4.200-4.300 EPS and its FY 2026 guidance at 17.400-17.900 EPS. As a group, equities research analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors 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 a boost 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 41.12%.

Insiders Place Their Bets

In other Linde news, VP Guillermo Bichara sold 9,455 shares of Linde stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $480.45, for a total value of $4,542,654.75. Following the transaction, the vice president owned 22,138 shares in the company, valued at $10,636,202.10. The trade was a 29.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is owned by company insiders.

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.