Linde (NASDAQ:LIN) Shares Sold Off by Rep. Kevin Hern

Key Points

• Rep. Kevin Hern sold $15,001–$50,000 of Linde shares on September 2 through the Hern Family Foundation account, as part of a broader series of recent stock sales.
• Linde reported quarterly EPS of $4.50 and revenue of $9.29 billion, exceeding analyst estimates, while revenue increased 9.3% year over year. The company maintained 2026 EPS guidance of $17.70–$17.90.
• Analysts remain broadly positive, with an average “Buy” rating and a consensus price target of $544.60; Linde also pays a $1.60 quarterly dividend, equivalent to a 1.4% annual yield.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Linde PLC NASDAQ: LIN. In a filing disclosed on September 25th, the Representative disclosed that they had sold between $15,001 and $50,000 in Linde stock on September 2nd. The trade occurred in the Representative's "HERN FAMILY FOUNDATION" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of CenterPoint Energy NYSE: CNP on 9/15/2026.
• Sold $1,001 - $15,000 in shares of TJX Companies NYSE: TJX on 9/15/2026.
• Sold $15,001 - $50,000 in shares of STERIS NYSE: STE on 9/15/2026.
• Sold $1,001 - $15,000 in shares of Seagate Technology NASDAQ: STX on 9/15/2026.
• Sold $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 9/14/2026.
• Sold $1,001 - $15,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 9/14/2026.
• Sold $15,001 - $50,000 in shares of IQVIA NYSE: IQV on 9/14/2026.
• Sold $15,001 - $50,000 in shares of Home Depot NYSE: HD on 9/14/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 9/14/2026.
• Sold $15,001 - $50,000 in shares of Emerson Electric NYSE: EMR on 9/14/2026.

Linde Price Performance

Shares of NASDAQ LIN opened at $472.04 on Tuesday. The stock has a market cap of $217.60 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.74 and a beta of 0.72. Linde PLC has a twelve month low of $387.78 and a twelve month high of $548.20. The stock has a 50 day moving average of $482.57 and a two-hundred day moving average of $498.69. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51.

Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.49 by $0.01. Linde had a net margin of 20.43% and a return on equity of 20.09%. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same period last year, the firm posted $4.09 earnings per share. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. On average, research analysts forecast that Linde PLC will post 17.86 earnings per share for the current year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a $1.60 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.4%. Linde's payout ratio is currently 41.34%.

Analyst Ratings Changes

A number of research analysts have commented on LIN shares. BMO Capital Markets dropped their price objective on shares of Linde from $560.00 to $546.00 and set an "outperform" rating on the stock in a research note on Monday, August 10th. Argus decreased their target price on shares of Linde from $563.00 to $538.00 and set a "buy" rating for the company in a research note on Monday. Sanford C. Bernstein reissued an "outperform" rating and set a $563.00 price target on shares of Linde in a report on Friday, September 11th. The Goldman Sachs Group set a $580.00 price target on Linde in a research report on Monday, August 10th. Finally, UBS Group reaffirmed an "outperform" rating on shares of Linde in a research note on Friday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $544.60.

Hedge Funds Weigh In On Linde

Large investors have recently bought and sold shares of the company. Capital International Investors grew its holdings in shares of Linde by 20.1% during the fourth quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company's stock valued at $3,245,255,000 after purchasing an additional 1,275,477 shares during the last quarter. National Pension Service raised its position in shares of Linde by 23.9% during the 4th quarter. National Pension Service now owns 1,198,564 shares of the basic materials company's stock worth $511,056,000 after buying an additional 231,048 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Linde by 177.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,263,064 shares of the basic materials company's stock valued at $538,558,000 after acquiring an additional 807,370 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Linde by 35.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 348,815 shares of the basic materials company's stock valued at $148,731,000 after acquiring an additional 90,858 shares during the period. Finally, Marble Wealth LLC acquired a new position in shares of Linde during the fourth quarter valued at approximately $1,675,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2026 election. Kevin Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

About Linde

Linde plc NASDAQ: LIN is a global industrial gases and engineering company that supplies gases, related equipment and process technologies to customers in healthcare, manufacturing, chemicals, energy, food and beverage, electronics, and other industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide and specialty gases.

The company provides gases through on-site production facilities, pipelines, bulk deliveries and packaged cylinders. It also designs and builds industrial gas plants and offers technologies and services for applications such as hydrogen production, carbon capture, clean energy, semiconductor manufacturing, metal fabrication and medical care.

Linde traces its history to 1879, when German engineer Carl von Linde developed refrigeration and gas-related technologies.

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