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

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Linde plc (NASDAQ:LIN). In a filing disclosed on March 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in Linde stock on February 25th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

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

• Purchased $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 3/7/2025.
• Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 3/6/2025.
• Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/5/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Twilio (NYSE:TWLO) on 3/4/2025.
• Sold $15,001 – $50,000 in shares of Alibaba Group (NYSE:BABA) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Zoom Video Communications (NASDAQ:ZM) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 3/3/2025.
• Purchased $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 3/3/2025.

Linde Price Performance

Shares of LIN traded down $5.62 during mid-day trading on Friday, hitting $459.11. The company’s stock had a trading volume of 1,334,712 shares, compared to its average volume of 1,876,018. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The firm has a market capitalization of $217.12 billion, a P/E ratio of 33.73, a P/E/G ratio of 3.08 and a beta of 0.94. The firm has a 50-day simple moving average of $456.09 and a 200 day simple moving average of $454.28.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. Analysts predict that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $1.50 per share. This is a boost from Linde’s previous quarterly dividend of $1.39. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $6.00 annualized dividend and a yield of 1.31%. Linde’s payout ratio is presently 44.09%.

Analysts Set New Price Targets

A number of research analysts have issued reports on LIN shares. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their target price for the company from $480.00 to $515.00 in a report on Monday, January 13th. Citigroup reduced their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and nine have issued a 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 $501.82.

Insider Buying and Selling

In other news, VP David P. Strauss sold 2,477 shares of the stock in a transaction dated Monday, March 3rd. The shares were 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 $610,662. This represents a 65.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert L. Wood sold 2,900 shares of the business’s stock in a transaction that occurred on 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 owns 14,013 shares of the company’s stock, valued at approximately $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. Over the last ninety days, insiders have sold 12,159 shares of company stock worth $5,603,843. 0.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wrapmanager Inc. lifted its stake in shares of Linde by 1.3% during the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock valued at $709,000 after buying an additional 22 shares during the period. Knuff & Co LLC lifted its stake in shares of Linde by 8.8% during the 4th quarter. Knuff & Co LLC now owns 272 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 22 shares during the period. New Age Alpha Advisors LLC boosted its holdings in shares of Linde by 34.9% during the fourth quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 22 shares during the last quarter. Concord Asset Management LLC VA grew its position in shares of Linde by 0.5% in the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after purchasing an additional 23 shares during the period. Finally, Fourpath Capital Management LLC increased its stake in Linde by 0.6% in the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock valued at $1,732,000 after purchasing an additional 24 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other 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.

About Linde

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.