Rep. Thomas H. Kean, Jr. Acquires Linde PLC (NASDAQ:LIN) Stock

Key Points

• Rep. Thomas H. Kean Jr. purchased $1,001–$15,000 of Linde stock on August 10 through the Kean Family Partnership account, according to a September 12 disclosure.
• Linde reported quarterly revenue of $9.29 billion and EPS of $4.50, both slightly above analyst expectations, while revenue increased 9.3% year over year. The company also declared a $1.60 quarterly dividend, equivalent to a 1.4% yield.
• Analysts maintain a broadly positive view of Linde, with a consensus “Buy” rating and an average price target of $545.07 versus the reported share price of $462.96.

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of Linde PLC NASDAQ: LIN. In a filing disclosed on September 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Linde stock on August 10th. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 8/27/2026.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 8/27/2026.
• Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 8/27/2026.
• Purchased $1,001 - $15,000 in shares of MasTec NYSE: MTZ on 8/21/2026.
• Sold $1,001 - $15,000 in shares of Amcor NYSE: AMCR on 8/10/2026.
• Sold $1,001 - $15,000 in shares of Stryker NYSE: SYK on 7/22/2026.
• Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 7/22/2026.
• Purchased $1,001 - $15,000 in shares of Toast NYSE: TOST on 7/8/2026.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 7/8/2026.
• Purchased $1,001 - $15,000 in shares of ESAB NYSE: ESAB on 7/7/2026.

Linde Stock Performance

Shares of LIN stock opened at $462.96 on Wednesday. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. The stock has a market cap of $213.42 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 2.71 and a beta of 0.72. The business has a 50-day simple moving average of $492.70 and a 200-day simple moving average of $500.59.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, topping the consensus estimate of $4.49 by $0.01. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%.The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.09 EPS. 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 expect that Linde PLC will post 17.86 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be issued a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 3rd. Linde's payout ratio is 41.34%.

Analyst Ratings Changes

A number of analysts have recently commented on LIN shares. The Goldman Sachs Group set a $580.00 target price on shares of Linde in a research note on Monday, August 10th. Sanford C. Bernstein restated an "outperform" rating and issued a $563.00 target price on shares of Linde in a research report on Friday. BMO Capital Markets dropped their price target on shares of Linde from $560.00 to $546.00 and set an "outperform" rating for the company in a research report on Monday, August 10th. Citigroup cut their target price on Linde from $600.00 to $580.00 and set a "buy" rating on the stock in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded Linde from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $545.07.

Hedge Funds Weigh In On Linde

Institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in Linde during the fourth quarter worth about $3,246,750,000. Auto Owners Insurance Co grew its holdings in Linde by 42,539.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,321,809 shares of the basic materials company's stock valued at $56,361,000 after buying an additional 1,318,709 shares during the last quarter. Capital International Investors increased its position in Linde by 20.1% during the fourth quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company's stock worth $3,245,255,000 after buying an additional 1,275,477 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Linde by 40.2% in the fourth quarter. Deutsche Bank AG now owns 3,941,719 shares of the basic materials company's stock worth $1,680,710,000 after acquiring an additional 1,130,001 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Linde by 26.0% in the fourth quarter. Invesco Ltd. now owns 5,402,317 shares of the basic materials company's stock valued at $2,303,494,000 after acquiring an additional 1,114,751 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

Linde Company Profile

Linde plc NASDAQ: LIN is a global industrial gases and engineering company that supplies gases, related equipment and process technologies to customers across a range of industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, specialty gases and medical gases.

The company serves customers in sectors including healthcare, manufacturing, food and beverage, electronics, chemicals, energy and metals. Linde also designs and builds industrial gas plants and provides engineering, project management and process technology services for industrial and energy applications.

Linde traces its history to 1879 and was formed in its current structure through the 2018 merger of Linde AG and Praxair, Inc The company operates internationally, serving customers in numerous countries across the Americas, Europe, Asia and other regions.

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