Miracle Mile Advisors LLC Has $3.90 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Miracle Mile Advisors LLC increased its position in shares of Linde plc (NASDAQ:LIN) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,170 shares of the basic materials company’s stock after acquiring an additional 371 shares during the period. Miracle Mile Advisors LLC’s holdings in Linde were worth $3,896,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Linde by 1.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock worth $4,434,406,000 after acquiring an additional 141,322 shares in the last quarter. National Bank of Canada FI boosted its position in Linde by 46.9% in the first quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock valued at $20,593,000 after buying an additional 15,393 shares in the last quarter. Vontobel Asset Management Inc. acquired a new stake in Linde in the fourth quarter valued at approximately $26,603,000. Vident Advisory LLC boosted its position in Linde by 40.7% in the first quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock valued at $3,750,000 after buying an additional 2,337 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its position in Linde by 26.4% in the fourth quarter. Gotham Asset Management LLC now owns 25,952 shares of the basic materials company’s stock valued at $10,659,000 after buying an additional 5,417 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Down 1.1 %

LIN opened at $463.24 on Tuesday. The company has a market cap of $221.20 billion, a P/E ratio of 35.94, a price-to-earnings-growth ratio of 2.98 and a beta of 0.94. The company has a fifty day moving average price of $464.17 and a two-hundred day moving average price of $449.73. Linde plc has a 1-year low of $361.02 and a 1-year high of $483.36. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. The firm had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the company earned $3.57 earnings per share. Analysts predict that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were issued a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio is currently 43.13%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LIN shares. Barclays raised their target price 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. Bank of America raised their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 price target on shares of Linde in a research note on Friday, August 30th. UBS Group dropped their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Finally, Citigroup raised their price target on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of the business’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 transaction, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by corporate insiders.

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.