Linde (NASDAQ:LIN) Stock Unloaded Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Linde plc NASDAQ: LIN. In a filing disclosed on March 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in Linde stock on February 25th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
• Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
• Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.

Linde Stock Performance

NASDAQ LIN traded up $0.72 on Wednesday, reaching $467.81. 458,390 shares of the stock were exchanged, compared to its average volume of 1,874,543. The firm has a market capitalization of $221.23 billion, a PE ratio of 34.36, a PEG ratio of 3.08 and a beta of 0.94. Linde plc has a one year low of $410.69 and a one year high of $487.49. The company's 50-day simple moving average is $457.18 and its two-hundred day simple moving average is $454.12. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating analysts' consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. Analysts expect that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from Linde's previous quarterly dividend of $1.39. Linde's payout ratio is currently 44.09%.

Institutional Trading of Linde

Several hedge funds have recently modified their holdings of LIN. Synergy Asset Management LLC acquired a new stake in Linde in the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. grew its stake in Linde by 1,160.0% during the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock worth $26,000 after buying an additional 58 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in Linde during the 4th quarter worth approximately $28,000. Global Wealth Strategies & Associates raised its position in Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock worth $30,000 after buying an additional 42 shares during the last quarter. Finally, Putney Financial Group LLC acquired a new stake in Linde during the 4th quarter valued at approximately $31,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LIN shares. TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and increased their price objective for the company from $480.00 to $515.00 in a report on Monday, January 13th. Citigroup reduced their price target on shares of Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Linde has an average rating of "Moderate Buy" and an average price target of $501.82.

Insider Activity

In other Linde news, Director Robert L. Wood sold 2,900 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the transaction, the director now directly owns 14,013 shares of the company's stock, valued at approximately $6,393,571.38. The trade was a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Juergen Nowicki sold 6,782 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the sale, the vice president now directly owns 14,765 shares in the company, valued at $6,786,289.30. The trade was a 31.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,159 shares of company stock valued at $5,603,843 in the last ninety days. Insiders own 0.60% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Linde

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.