Heritage Wealth Management Inc. Buys Shares of 1,081 Linde plc (NASDAQ:LIN)

Heritage Wealth Management Inc. purchased a new position in shares of Linde plc (NASDAQ:LIN) in the second quarter, HoldingsChannel.com reports. The fund purchased 1,081 shares of the basic materials company’s stock, valued at approximately $471,000.

Several other large investors have also made changes to their positions in LIN. Retirement Group LLC bought a new stake in Linde during the first quarter worth $25,000. Summit Securities Group LLC bought a new stake in shares of Linde during the 2nd quarter worth $28,000. Scarborough Advisors LLC acquired a new stake in Linde in the fourth quarter valued at about $30,000. Valued Wealth Advisors LLC grew its position in Linde by 49.0% in the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 24 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A acquired a new position in Linde during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Barclays raised their price target on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Citigroup boosted their target price on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 price target on shares of Linde in a research note on Friday, August 30th. JPMorgan Chase & Co. raised their price objective on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, UBS Group lowered their target price on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $484.18.

Insider Activity at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the sale, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by company insiders.

Linde Trading Up 0.2 %

NASDAQ LIN opened at $475.84 on Thursday. The firm has a market capitalization of $227.21 billion, a PE ratio of 36.92, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. The business’s 50-day moving average price is $463.30 and its two-hundred day moving average price is $449.81. 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 plc has a 12 month low of $361.02 and a 12 month high of $483.36.

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

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were paid a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio is presently 43.13%.

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.