Linde (NASDAQ:LIN) Stock Unloaded by Rep. Kevin Hern

Key Points

• Rep. Kevin Hern sold between $15,001 and $50,000 of Linde shares on August 31 from the Hern Family Foundation account, alongside several other stock sales disclosed in September.
• Linde reported quarterly EPS of $4.50 and revenue of $9.29 billion, exceeding analysts’ estimates, while revenue increased 9.3% year over year. The company also pays a quarterly dividend of $1.60, equal to a 1.4% annualized yield.
• Analysts maintain a consensus “Buy” rating with an average price target of $544.60, compared with a recent share price of $472.04. Institutional investors own approximately 82.8% of Linde’s stock.

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 August 31st. 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 Stock Performance

Shares of Linde stock opened at $472.04 on Tuesday. The company's 50 day moving average price is $482.57 and its two-hundred day moving average price is $498.69. The firm has a market capitalization 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 fifty-two week low of $387.78 and a fifty-two week high of $548.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.88 and a quick ratio of 0.75.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.01. Linde had a net margin of 20.43% and a return on equity of 20.09%. The company had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.02 billion. During the same period in the prior year, the business earned $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, equities analysts forecast that Linde PLC will post 17.86 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were given 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 dividend payout ratio (DPR) is currently 41.34%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LIN shares. Weiss Ratings upgraded Linde from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, July 21st. Argus dropped their price objective on shares of Linde from $563.00 to $538.00 and set a "buy" rating for the company in a report on Monday. Royal Bank Of Canada cut their target price on shares of Linde from $576.00 to $553.00 and set an "outperform" rating on the stock in a research report on Monday, August 3rd. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $563.00 price target on shares of Linde in a research note on Friday, September 11th. Finally, The Goldman Sachs Group set a $580.00 price target on shares of Linde in a report on Monday, August 10th. Two investment 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. Based on data from MarketBeat, Linde currently has an average rating of "Buy" and a consensus target price of $544.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp lifted its holdings in Linde by 3.7% in the second quarter. State Street Corp now owns 20,344,181 shares of the basic materials company's stock valued at $10,558,016,000 after buying an additional 719,052 shares during the period. Wellington Altus USA Inc. boosted its position in shares of Linde by 196.8% during the 2nd quarter. Wellington Altus USA Inc. now owns 92 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 61 shares in the last quarter. Marathon Wealth Advisors LLC boosted its position in shares of Linde by 0.9% during the 2nd quarter. Marathon Wealth Advisors LLC now owns 4,843 shares of the basic materials company's stock valued at $2,513,000 after purchasing an additional 43 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Linde by 76.8% in the second quarter. Parkside Financial Bank & Trust now owns 3,259 shares of the basic materials company's stock worth $1,691,000 after purchasing an additional 1,416 shares in the last quarter. Finally, Planning Project LLC bought a new stake in Linde in the second quarter worth approximately $6,711,000. Institutional investors and hedge funds 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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