Miracle Mile Advisors LLC Buys 1,217 Shares of Linde PLC $LIN

Miracle Mile Advisors LLC lifted its stake in shares of Linde PLC (NASDAQ:LIN) by 13.5% during the third quarter, HoldingsChannel reports. The firm owned 10,223 shares of the basic materials company’s stock after acquiring an additional 1,217 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Linde were worth $4,856,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its position in Linde by 1.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 56,832 shares of the basic materials company’s stock worth $26,530,000 after acquiring an additional 851 shares in the last quarter. Stonebridge Financial Group LLC grew its position in shares of Linde by 0.4% in the 3rd quarter. Stonebridge Financial Group LLC now owns 11,944 shares of the basic materials company’s stock valued at $5,673,000 after acquiring an additional 45 shares during the period. Merit Financial Group LLC increased its stake in shares of Linde by 12.6% during the 3rd quarter. Merit Financial Group LLC now owns 15,581 shares of the basic materials company’s stock worth $7,401,000 after purchasing an additional 1,741 shares during the last quarter. 3Chopt Investment Partners LLC raised its holdings in shares of Linde by 10.7% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 660 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 64 shares during the period. Finally, Consilium Wealth Advisory LLC lifted its stake in Linde by 3.7% in the 3rd quarter. Consilium Wealth Advisory LLC now owns 1,385 shares of the basic materials company’s stock valued at $658,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ LIN opened at $426.39 on Friday. The firm has a market cap of $199.10 billion, a P/E ratio of 28.56, a price-to-earnings-growth ratio of 3.27 and a beta of 0.85. The business’s 50 day moving average is $417.63 and its 200-day moving average is $451.40. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46. Linde PLC has a 1-year low of $387.78 and a 1-year high of $486.38.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.03. Linde had a return on equity of 19.38% and a net margin of 21.17%.The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same period in the previous year, the company posted $3.94 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. Equities research analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were paid a $1.50 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $6.00 annualized dividend and a dividend yield of 1.4%. Linde’s dividend payout ratio is 40.19%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LIN shares. JPMorgan Chase & Co. lowered their price target on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $516.00 target price on shares of Linde in a research note on Monday, November 3rd. Royal Bank Of Canada dropped their price target on Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday, December 12th. BMO Capital Markets set a $501.00 price target on Linde in a report on Wednesday, December 17th. Finally, UBS Group reiterated a “buy” rating on shares of Linde in a report on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $501.00.

About Linde

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.