Rep. Robert Bresnahan, Jr. Sells Linde plc (NASDAQ:LIN) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Linde plc NASDAQ: LIN. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Linde stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Occidental Petroleum NYSE: OXY on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 4/8/2025.
• Sold $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/8/2025.

Linde Stock Down 0.1 %

LIN stock traded down $0.67 during midday trading on Friday, reaching $452.56. 1,058,910 shares of the company were exchanged, compared to its average volume of 1,932,553. The company has a market cap of $213.03 billion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. Linde plc has a 1-year low of $408.65 and a 1-year high of $487.49. The stock's 50-day simple moving average is $452.15 and its 200 day simple moving average is $448.55.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, beating analysts' consensus estimates of $3.92 by $0.03. Linde had a net margin of 19.89% and a return on equity of 18.71%. The firm had revenue of $8.11 billion during the quarter, compared to analysts' expectations of $8.24 billion. During the same period in the previous year, the company earned $3.75 earnings per share. Linde's quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts forecast that Linde plc will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $6.00 annualized dividend and a yield of 1.33%. Linde's dividend payout ratio is currently 43.57%.

Insider Buying and Selling

In other news, VP David P. Strauss sold 2,477 shares of Linde stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $469.74, for a total transaction of $1,163,545.98. Following the transaction, the vice president now directly owns 1,300 shares in the company, valued at approximately $610,662. This trade represents a 65.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert L. Wood sold 2,900 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the completion of the sale, the director now directly owns 14,013 shares of the company's stock, valued at $6,393,571.38. The trade was a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,159 shares of company stock worth $5,603,843 in the last three months. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on LIN. Argus upgraded shares of Linde to a "strong-buy" rating in a research report on Tuesday, April 8th. Sanford C. Bernstein raised Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Finally, TD Cowen raised Linde from a "hold" rating to a "buy" rating and increased their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $503.11.

Hedge Funds Weigh In On Linde

A number of hedge funds have recently bought and sold shares of the company. Capital World Investors raised its stake in Linde by 34.4% during the fourth quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company's stock worth $4,834,631,000 after acquiring an additional 2,957,604 shares during the period. Geode Capital Management LLC raised its position in shares of Linde by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 11,003,925 shares of the basic materials company's stock worth $4,598,551,000 after purchasing an additional 30,750 shares during the period. Capital Research Global Investors lifted its holdings in shares of Linde by 6.4% in the 4th quarter. Capital Research Global Investors now owns 9,214,290 shares of the basic materials company's stock worth $3,857,741,000 after purchasing an additional 554,480 shares during the last quarter. Norges Bank acquired a new position in Linde during the 4th quarter valued at approximately $2,901,853,000. Finally, Freemont Capital Pte Ltd acquired a new position in Linde during the 4th quarter valued at approximately $2,128,233,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.

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