Rep. Jefferson Shreve Sells Off Shares of Linde PLC (NASDAQ:LIN)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Linde PLC NASDAQ: LIN. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in Linde stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Linde Stock Performance

Shares of LIN traded up $1.40 during mid-day trading on Friday, hitting $472.89. The stock had a trading volume of 1,212,138 shares, compared to its average volume of 1,547,221. The company's fifty day simple moving average is $466.53 and its two-hundred day simple moving average is $456.27. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The company has a market cap of $222.60 billion, a PE ratio of 34.34, a PEG ratio of 3.34 and a beta of 0.96. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.45.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, topping analysts' consensus estimates of $3.92 by $0.03. The business had revenue of $8.11 billion for the quarter, compared to analysts' expectations of $8.24 billion. Linde had a net margin of 20.02% and a return on equity of 18.95%. The company's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $3.75 EPS. On average, equities analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a dividend of $1.50 per share. The ex-dividend date was Wednesday, June 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.27%. Linde's payout ratio is 43.57%.

Insider Activity at Linde

In other Linde news, VP Sean Durbin sold 7,261 shares of Linde stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total transaction of $3,314,065.62. Following the sale, the vice president owned 8,151 shares in the company, valued at $3,720,279.42. The trade was a 47.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David P. Strauss sold 1,987 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $457.04, for a total transaction of $908,138.48. Following the transaction, the vice president owned 22,639 shares of the company's stock, valued at approximately $10,346,928.56. This represents a 8.07% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

LIN has been the subject of several research analyst reports. Sanford C. Bernstein upgraded shares of Linde to a "strong-buy" rating in a research report on Thursday, April 3rd. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and raised their price target for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Royal Bank Of Canada began coverage on shares of Linde in a research report on Friday, June 13th. They set an "outperform" rating and a $576.00 price objective on the stock. UBS Group lifted their target price on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Finally, Argus upgraded Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Linde presently has an average rating of "Buy" and an average target price of $518.80.

Institutional Investors Weigh In On Linde

A number of large investors have recently added to or reduced their stakes in LIN. Capital World Investors raised its stake in Linde by 34.4% during the 4th quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company's stock valued at $4,834,631,000 after purchasing an additional 2,957,604 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Linde by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 11,003,925 shares of the basic materials company's stock valued at $4,598,551,000 after buying an additional 30,750 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Linde by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company's stock valued at $4,470,284,000 after buying an additional 453,108 shares during the period. Capital Research Global Investors grew its position in Linde by 6.4% during the fourth quarter. Capital Research Global Investors now owns 9,214,290 shares of the basic materials company's stock worth $3,857,741,000 after buying an additional 554,480 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Linde by 18.6% during the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock valued at $3,511,751,000 after acquiring an additional 1,182,157 shares during the period. Institutional investors own 82.80% of the company's stock.

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

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.