Huntington National Bank Sells 2,004 Shares of Linde PLC $LIN

Key Points

• Huntington National Bank trimmed its Linde stake by 0.9% in the fourth quarter, selling 2,004 shares and leaving it with 210,105 shares worth about $89.6 million.
• Linde reported strong quarterly results, posting EPS of $4.33 versus the $4.27 estimate and revenue of $8.78 billion, while also guiding FY 2026 EPS to 17.60–17.90.
• The company continues to receive bullish Wall Street support, with several firms raising price targets and the stock carrying an average analyst rating of Buy with a $540 target price.

Huntington National Bank lessened its stake in shares of Linde PLC (NASDAQ:LIN - Free Report) by 0.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 210,105 shares of the basic materials company's stock after selling 2,004 shares during the period. Huntington National Bank's holdings in Linde were worth $89,587,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of LIN. SG Americas Securities LLC grew its holdings in Linde by 10,454.4% during the fourth quarter. SG Americas Securities LLC now owns 2,424,869 shares of the basic materials company's stock valued at $1,033,940,000 after purchasing an additional 2,401,894 shares during the period. Lazard Asset Management LLC bought a new stake in Linde during the third quarter valued at about $453,274,000. Danske Bank A S bought a new stake in Linde during the third quarter valued at about $260,822,000. Nordea Investment Management AB grew its holdings in Linde by 34.5% during the fourth quarter. Nordea Investment Management AB now owns 2,124,882 shares of the basic materials company's stock valued at $910,129,000 after purchasing an additional 544,850 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new stake in Linde during the third quarter valued at about $206,747,000. Institutional investors own 82.80% of the company's stock.

Linde Price Performance

Shares of Linde stock opened at $507.87 on Thursday. The stock's 50-day simple moving average is $500.95 and its 200-day simple moving average is $464.50. Linde PLC has a 52 week low of $387.78 and a 52 week high of $521.28. The company has a market capitalization of $234.81 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 3.23 and a beta of 0.73. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The basic materials company reported $4.33 EPS for the quarter, beating the consensus estimate of $4.27 by $0.06. Linde had a return on equity of 19.80% and a net margin of 20.44%.The business had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.60 billion. During the same period in the previous year, the business earned $3.95 earnings per share. The business's revenue was up 8.2% on a year-over-year basis. Linde has set its FY 2026 guidance at 17.600-17.900 EPS and its Q2 2026 guidance at 4.400-4.500 EPS. As a group, analysts expect that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be given a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, June 4th. Linde's payout ratio is presently 42.50%.

Wall Street Analyst Weigh In

LIN has been the subject of several recent research reports. Seaport Research Partners boosted their price target on Linde from $525.00 to $575.00 and gave the company a "buy" rating in a report on Friday, April 17th. DZ Bank lowered Linde from a "buy" rating to a "hold" rating and set a $460.00 price target for the company. in a report on Tuesday, February 10th. Morgan Stanley reissued an "overweight" rating and set a $530.00 price target on shares of Linde in a report on Friday, February 6th. BMO Capital Markets reissued an "outperform" rating and set a $560.00 price target on shares of Linde in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada boosted their price target on Linde from $552.00 to $570.00 and gave the company an "outperform" rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $540.00.

Insider Transactions at Linde

In related news, EVP Sean Durbin sold 6,520 shares of the business's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $477.27, for a total value of $3,111,800.40. Following the sale, the executive vice president directly owned 8,151 shares in the company, valued at approximately $3,890,227.77. The trade was a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Guillermo Bichara sold 4,357 shares of the business's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $480.79, for a total value of $2,094,802.03. Following the completion of the sale, the vice president owned 22,138 shares in the company, valued at $10,643,729.02. This represents a 16.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by 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.

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