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

Heritage Wealth Management Inc. acquired a new position in shares of Linde plc (NASDAQ:LIN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,081 shares of the basic materials company’s stock, valued at approximately $471,000.

Other hedge funds have also modified their holdings of the company. Retirement Group LLC acquired a new stake in Linde in the 1st quarter valued at $25,000. Summit Securities Group LLC acquired a new stake in shares of Linde in the second quarter valued at about $28,000. Scarborough Advisors LLC bought a new stake in Linde during the fourth quarter worth about $30,000. Valued Wealth Advisors LLC boosted its position in Linde by 49.0% during the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 24 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A bought a new position in Linde in the fourth quarter valued at approximately $39,000. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Bank of America upped their price target on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. UBS Group lowered their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. 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 note on Monday, August 5th. Finally, Citigroup boosted their price target on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and an average target price of $484.18.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of the stock in a transaction that occurred on 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 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 the SEC website. Corporate insiders own 0.70% of the company’s stock.

Linde Trading Up 0.2 %

Shares of LIN stock opened at $475.84 on Thursday. Linde plc has a 12-month low of $361.02 and a 12-month high of $483.36. The firm has a 50 day moving average price of $463.30 and a two-hundred day moving average price of $449.81. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The company 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.

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

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given 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 was Wednesday, September 4th. Linde’s dividend payout ratio is 43.13%.

Linde 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.