Mill Capital Management LLC Has $18.36 Million Holdings in Linde PLC (NASDAQ:LIN)

Mill Capital Management LLC raised its stake in Linde PLC (NASDAQ:LIN) by 0.2% during the first quarter, HoldingsChannel.com reports. The fund owned 39,419 shares of the basic materials company’s stock after acquiring an additional 74 shares during the quarter. Linde accounts for about 1.5% of Mill Capital Management LLC’s holdings, making the stock its 23rd largest position. Mill Capital Management LLC’s holdings in Linde were worth $18,355,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Rakuten Securities Inc. boosted its position in Linde by 1,160.0% in the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock valued at $26,000 after buying an additional 58 shares during the last quarter. Putney Financial Group LLC bought a new position in Linde in the fourth quarter valued at about $31,000. Dunhill Financial LLC acquired a new stake in Linde in the fourth quarter worth about $34,000. New Age Alpha Advisors LLC raised its holdings in Linde by 34.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 22 shares during the last quarter. Finally, Capital A Wealth Management LLC acquired a new position in Linde during the 4th quarter valued at about $37,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LIN. Argus upgraded shares of Linde to a “strong-buy” rating in a research report on Tuesday, April 8th. Royal Bank Of Canada initiated coverage on shares of Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 target price for the company. Finally, Sanford C. Bernstein raised Linde to a “strong-buy” rating in a research note on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.40.

Linde Stock Performance

LIN stock opened at $463.16 on Wednesday. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49. The business’s 50-day moving average price is $458.21 and its two-hundred day moving average price is $449.28. The firm has a market cap of $218.02 billion, a PE ratio of 33.64, a P/E/G ratio of 3.24 and a beta of 0.97. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.45.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.92 by $0.03. The business had revenue of $8.11 billion during the quarter, compared to analyst estimates of $8.24 billion. Linde had a return on equity of 18.95% and a net margin of 20.02%. Linde’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.75 EPS. As a group, research analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a $1.50 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.30%. Linde’s dividend payout ratio (DPR) is 43.57%.

Insiders Place Their Bets

In other Linde news, VP David P. Strauss sold 1,987 shares of Linde stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $457.04, for a total value of $908,138.48. Following the completion of the sale, the vice president now owns 22,639 shares in the company, valued at $10,346,928.56. The trade was a 8.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sean Durbin sold 7,261 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total value of $3,314,065.62. Following the sale, the vice president now directly owns 8,151 shares in the company, valued at approximately $3,720,279.42. This trade represents a 47.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

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.