Linde plc (NASDAQ:LIN) Shares Bought by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC raised its position in shares of Linde plc (NASDAQ:LINFree Report) by 17.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,510 shares of the basic materials company’s stock after purchasing an additional 804 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Linde were worth $2,263,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LIN. Carmel Capital Partners LLC acquired a new stake in shares of Linde in the third quarter valued at about $26,000. Annapolis Financial Services LLC grew its position in shares of Linde by 122.6% in the third quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 38 shares during the last quarter. Provence Wealth Management Group acquired a new stake in shares of Linde in the third quarter valued at about $29,000. FWL Investment Management LLC acquired a new stake in shares of Linde in the fourth quarter valued at about $30,000. Finally, Halpern Financial Inc. grew its position in shares of Linde by 309.5% in the third quarter. Halpern Financial Inc. now owns 86 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 65 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Price Performance

LIN opened at $464.32 on Monday. The company has a fifty day moving average price of $440.17 and a two-hundred day moving average price of $410.66. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.67 and a current ratio of 0.80. Linde plc has a 52 week low of $348.38 and a 52 week high of $477.71. The firm has a market capitalization of $223.61 billion, a PE ratio of 36.85, a P/E/G ratio of 3.03 and a beta of 0.93.

Linde (NASDAQ:LINGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.10. Linde had a net margin of 18.87% and a return on equity of 17.06%. The company had revenue of $8.30 billion during the quarter, compared to analyst estimates of $8.04 billion. During the same quarter in the previous year, the business earned $3.16 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. As a group, analysts anticipate that Linde plc will post 15.58 earnings per share for the current year.

Linde Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $1.39 dividend. This is a positive change from Linde’s previous quarterly dividend of $0.88. The ex-dividend date was Wednesday, March 13th. This represents a $5.56 annualized dividend and a dividend yield of 1.20%. Linde’s payout ratio is 44.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LIN shares. UBS Group downgraded Linde from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $482.00 to $510.00 in a research report on Wednesday, March 27th. Wolfe Research assumed coverage on Linde in a report on Friday, March 1st. They set a “peer perform” rating on the stock. Wells Fargo & Company lifted their price objective on Linde from $470.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Seaport Res Ptn downgraded Linde from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, TD Cowen lifted their target price on shares of Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Linde has an average rating of “Moderate Buy” and a consensus price target of $448.93.

Read Our Latest Stock Report on Linde

Insider Activity

In other news, SVP Oliver Pfann sold 300 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $414.61, for a total value of $124,383.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Linde news, VP Juergen Nowicki sold 13,134 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $459.14, for a total transaction of $6,030,344.76. Following the sale, the vice president now directly owns 6,920 shares of the company’s stock, valued at approximately $3,177,248.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Oliver Pfann sold 300 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $414.61, for a total transaction of $124,383.00. The disclosure for this sale can be found here. Insiders sold 78,248 shares of company stock valued at $35,811,988 in the last quarter. Company insiders own 0.70% of the company’s stock.

Linde Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde plc (NASDAQ:LINFree Report).

Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.