Representative Jefferson Shreve (R-Indiana) recently sold shares of Linde plc NASDAQ: LIN. In a filing disclosed on March 09th, the Representative disclosed that they had sold between $15,001 and $50,000 in Linde stock on February 24th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Purchased $15,001 - $50,000 in shares of RTX NYSE: RTX on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Royal Gold NASDAQ: RGLD on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of QUALCOMM NASDAQ: QCOM on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 2/24/2025.
- Sold $15,001 - $50,000 in shares of Norfolk Southern NYSE: NSC on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 2/24/2025.
- Purchased $50,001 - $100,000 in shares of AbbVie NYSE: ABBV on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of The Cigna Group NYSE: CI on 2/24/2025.
- Purchased $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 2/24/2025.
Linde Stock Up 0.5 %
Shares of NASDAQ LIN traded up $2.24 during mid-day trading on Friday, reaching $455.50. The company had a trading volume of 1,911,906 shares, compared to its average volume of 1,850,053. The firm has a 50 day simple moving average of $447.82 and a two-hundred day simple moving average of $455.12. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The stock has a market cap of $215.41 billion, a P/E ratio of 33.47, a PEG ratio of 3.08 and a beta of 0.94.
Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. Sell-side analysts predict that Linde plc will post 16.54 earnings per share for the current year.
Linde Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $1.50 dividend. This is a boost from Linde's previous quarterly dividend of $1.39. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $6.00 annualized dividend and a dividend yield of 1.32%. Linde's dividend payout ratio is presently 44.09%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Howard Capital Management Group LLC purchased a new position in Linde during the third quarter worth approximately $252,000. Impax Asset Management Group plc raised its position in shares of Linde by 2.4% in the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company's stock worth $1,130,986,000 after buying an additional 56,775 shares during the period. Portside Wealth Group LLC boosted its holdings in Linde by 7.1% in the third quarter. Portside Wealth Group LLC now owns 789 shares of the basic materials company's stock valued at $376,000 after acquiring an additional 52 shares during the last quarter. Summit Global Investments acquired a new position in Linde in the third quarter valued at $807,000. Finally, Capital Performance Advisors LLP purchased a new stake in Linde during the third quarter valued at about $43,000. Institutional investors and hedge funds own 82.80% of the company's stock.
Insider Buying and Selling
In related news, VP David P. Strauss sold 2,477 shares of Linde stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $469.74, for a total value of $1,163,545.98. Following the completion of the transaction, the vice president now directly owns 1,300 shares in the company, valued at approximately $610,662. This trade represents a 65.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Juergen Nowicki sold 6,782 shares of Linde stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total value of $3,117,142.84. Following the completion of the transaction, the vice president now owns 14,765 shares of the company's stock, valued at approximately $6,786,289.30. The trade was a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,377 shares of company stock valued at $6,567,231. 0.60% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Citigroup reduced their price objective on Linde from $490.00 to $480.00 and set a "neutral" rating for the company in a research note on Wednesday, December 18th. Erste Group Bank reiterated a "hold" rating on shares of Linde in a research note on Tuesday, November 19th. Finally, TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and raised their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Linde currently has a consensus rating of "Moderate Buy" and an average target price of $501.82.
Get Our Latest Report on LIN
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
Linde Company Profile
(
Get Free Report)
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.
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