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

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 Performance

Shares of Linde stock traded up $1.53 during trading on Monday, reaching $454.19. The company’s stock had a trading volume of 433,388 shares, compared to its average volume of 1,929,565. The firm has a market cap of $213.80 billion, a PE ratio of 33.35, a P/E/G ratio of 3.08 and a beta of 1.00. The company has a 50-day moving average price of $452.15 and a two-hundred day moving average price of $448.17. 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 fifty-two week low of $408.65 and a fifty-two week high of $487.49.

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

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a dividend of $1.50 per share. The ex-dividend date is Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.32%. Linde’s dividend payout ratio (DPR) is presently 43.57%.

Analyst Ratings Changes

LIN has been the topic of several analyst reports. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and lifted their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Argus upgraded shares of Linde to a “strong-buy” rating in a research report on Tuesday, April 8th. Finally, Sanford C. Bernstein upgraded shares of Linde to a “strong-buy” rating in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and an average target price of $503.11.

Insider Buying and Selling at Linde

In other Linde news, VP David P. Strauss sold 2,477 shares of the firm’s stock in a transaction on 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 completion of the transaction, the vice president now directly owns 1,300 shares of the company’s stock, valued at $610,662. This trade represents a 65.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Juergen Nowicki sold 6,782 shares of Linde stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $459.62, for a total value of $3,117,142.84. Following the completion of the transaction, the vice president now owns 14,765 shares of the company’s stock, valued at $6,786,289.30. This trade represents a 31.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Linde

Institutional investors have recently modified their holdings of the company. Synergy Asset Management LLC acquired a new position in shares of Linde during the 4th quarter worth approximately $25,000. North Capital Inc. acquired a new position in shares of Linde in the 1st quarter valued at $25,000. Rakuten Securities Inc. raised its holdings in shares of Linde by 1,160.0% in the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 58 shares during the period. Strategic Financial Concepts LLC purchased a new stake in Linde during the fourth quarter worth approximately $28,000. Finally, Putney Financial Group LLC purchased a new stake in shares of Linde in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

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.