Linde (NASDAQ:LIN) Stock 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 Stock Performance

LIN stock traded down $5.62 during midday trading on Friday, reaching $459.11. The stock had a trading volume of 1,334,712 shares, compared to its average volume of 1,876,018. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The firm has a fifty day simple moving average of $456.09 and a two-hundred day simple moving average of $454.28. The stock has a market cap of $217.12 billion, a PE ratio of 33.73, a P/E/G ratio of 3.08 and a beta of 0.94. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. As a group, equities research analysts anticipate that Linde plc will post 16.54 EPS for the current year.

Linde Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $1.50 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from Linde’s previous quarterly dividend of $1.39. Linde’s dividend payout ratio (DPR) is currently 44.09%.

Wall Street Analyst Weigh In

Several research firms have commented on LIN. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and upped their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Citigroup reduced their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Institutional Investors Weigh In On Linde

A number of institutional investors have recently added to or reduced their stakes in LIN. Synergy Asset Management LLC purchased a new stake in shares of Linde in the fourth quarter valued at about $25,000. Rakuten Securities Inc. raised its stake 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 valued at $26,000 after acquiring an additional 58 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of Linde during the 4th quarter worth approximately $28,000. Global Wealth Strategies & Associates raised its position in Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. Finally, Putney Financial Group LLC purchased a new stake in Linde in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Transactions at Linde

In other Linde news, VP David P. Strauss sold 2,477 shares of the company’s stock in a transaction dated 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 sale, the vice president now 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert L. Wood sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the sale, the director now owns 14,013 shares in the company, 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 over the last ninety days. Company insiders own 0.60% 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.