Huntington National Bank Increases Stock Position in Linde plc (NASDAQ:LIN)

Huntington National Bank boosted its position in Linde plc (NASDAQ:LIN - Free Report) by 4.3% in the third quarter, according to the company in its most recent 13F 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.

Several other large investors have also recently bought and sold shares of the company. Trifecta Capital Advisors LLC raised its stake in Linde by 16.9% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company's stock valued at $69,000 after acquiring an additional 21 shares during the period. Prentice Wealth Management LLC increased its stake in shares of Linde by 1.7% in the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company's stock worth $652,000 after purchasing an additional 23 shares in the last quarter. Quotient Wealth Partners LLC increased its stake in shares of Linde by 0.9% in the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company's stock worth $1,290,000 after purchasing an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC raised its position in shares of Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company's stock valued at $873,000 after purchasing an additional 23 shares during the period. Finally, Nwam LLC lifted its stake in shares of Linde by 2.5% during the 1st quarter. Nwam LLC now owns 966 shares of the basic materials company's stock valued at $421,000 after buying an additional 24 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Linde Price Performance

NASDAQ LIN traded up $0.34 during trading hours on Thursday, reaching $456.58. 535,885 shares of the stock traded hands, compared to its average volume of 1,828,749. The stock has a 50 day simple moving average of $470.47 and a two-hundred day simple moving average of $452.61. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The company has a market cap of $217.41 billion, a price-to-earnings ratio of 34.64, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating analysts' consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion for the quarter, compared to analysts' expectations of $8.39 billion. During the same period last year, the firm posted $3.63 EPS. Linde's revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts predict that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Dividend Announcement

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

Insider Buying and Selling

In other Linde news, VP John Panikar sold 10,025 shares of the company'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 completion of the sale, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Bank of America increased their target price on Linde from $495.00 to $516.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their target price on Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. BMO Capital Markets upped their price target on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Barclays raised their price objective on shares of Linde from $460.00 to $510.00 and gave the company an "overweight" rating in a research report on Monday, August 5th. Finally, Mizuho boosted their price objective on shares of Linde from $520.00 to $530.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $490.75.

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.