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 Up 0.3%
LIN traded up $1.40 during trading hours on Friday, reaching $472.89. 1,212,138 shares of the stock traded hands, compared to its average volume of 1,547,221. 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 price-to-earnings ratio of 34.34, a PEG ratio of 3.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.80. The firm's fifty day simple moving average is $466.22 and its two-hundred day simple moving average is $455.62.
Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.03. Linde had a return on equity of 18.95% and a net margin of 20.02%. The company had revenue of $8.11 billion during the quarter, compared to the consensus estimate of $8.24 billion. During the same period last year, the firm earned $3.75 earnings per share. The company's revenue was up .1% on a year-over-year basis. As a group, analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.
Linde Announces Dividend
The company also recently announced 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 of this dividend was Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.27%. Linde's payout ratio is currently 43.57%.
Insider Buying and Selling at Linde
In other news, VP Sean Durbin sold 7,261 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total value of $3,314,065.62. Following the completion of the sale, the vice president owned 8,151 shares in the company, valued at $3,720,279.42. This represents a 47.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP David P. Strauss sold 1,987 shares of Linde stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $457.04, for a total value of $908,138.48. Following the transaction, the vice president directly owned 22,639 shares in the company, valued at approximately $10,346,928.56. The trade was a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Linde
Hedge funds and other institutional investors have recently made changes to their positions in the business. North Capital Inc. acquired a new stake in shares of Linde in the 1st quarter worth approximately $25,000. Rakuten Securities Inc. raised its holdings in Linde by 1,160.0% during the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock worth $26,000 after purchasing an additional 58 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Linde in the fourth quarter worth approximately $28,000. Putney Financial Group LLC bought a new position in Linde during the 4th quarter valued at $31,000. Finally, Dunhill Financial LLC acquired a new position in shares of Linde during the 4th quarter valued at $34,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
LIN has been the topic of a number of recent analyst reports. UBS Group upped their target price on Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Argus raised shares of Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Citigroup raised shares of Linde from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Royal Bank Of Canada initiated coverage on shares of Linde in a research note on Friday, June 13th. They issued an "outperform" rating and a $576.00 target price on the stock. Finally, Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Linde presently has an average rating of "Buy" and an average target price of $518.80.
Check Out Our Latest Research Report on LIN
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.
About Linde
(
Get Free Report)
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.
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