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.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA 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.
Linde Price Performance
NASDAQ LIN traded up $5.63 during trading on Thursday, hitting $451.60. 398,781 shares of the stock traded hands, compared to its average volume of 1,933,721. The company has a market capitalization of $212.58 billion, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00. The firm has a 50-day simple moving average of $451.10 and a 200-day simple moving average of $448.04. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. Linde plc has a 12-month low of $408.65 and a 12-month high of $487.49.
Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, topping analysts' consensus estimates of $3.92 by $0.03. The firm had revenue of $8.11 billion during the quarter, compared to analysts' expectations of $8.24 billion. Linde had a return on equity of 18.71% and a net margin of 19.89%. The company's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.75 EPS. As a group, analysts predict that Linde plc will post 16.54 EPS for the current year.
Linde Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.33%. The ex-dividend date is Wednesday, June 4th. Linde's dividend payout ratio is presently 43.57%.
Insider Transactions at Linde
In other Linde news, VP David P. Strauss sold 2,477 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 1,300 shares of the company's stock, valued at $610,662. This represents a 65.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Juergen Nowicki sold 6,782 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total value of $3,117,142.84. Following the transaction, the vice president now directly owns 14,765 shares of the company's stock, valued at $6,786,289.30. The trade was a 31.48% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.
Wall Street Analyst Weigh In
LIN has been the subject of a number of recent research reports. Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Argus upgraded Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Linde currently has an average rating of "Moderate Buy" and an average price target of $503.11.
Get Our Latest Analysis on LIN
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Synergy Asset Management LLC acquired a new position in Linde during the 4th quarter valued at about $25,000. North Capital Inc. purchased a new stake in Linde during the 1st quarter valued at about $25,000. Rakuten Securities Inc. grew its stake in Linde by 1,160.0% during the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 58 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in Linde during the 4th quarter valued at about $28,000. Finally, Putney Financial Group LLC purchased a new stake in Linde during the 4th quarter valued at about $31,000. 82.80% of the stock is owned by institutional investors.
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
(
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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