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 Stock Down 1.2 %

Shares of NASDAQ:LIN opened at $459.11 on Friday. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The company has a market capitalization of $217.12 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. 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 company has a fifty day moving average of $456.09 and a 200-day moving average of $454.22.

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

Linde Increases Dividend

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

Institutional Investors Weigh In On Linde

Several large investors have recently added to or reduced their stakes in LIN. Synergy Asset Management LLC bought a new stake in shares of Linde in the 4th quarter valued at $25,000. Rakuten Securities Inc. increased its stake in Linde by 1,160.0% in the fourth 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 in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Linde during the 4th quarter worth about $28,000. Global Wealth Strategies & Associates grew its stake in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after buying an additional 42 shares during the period. Finally, Putney Financial Group LLC bought a new stake in Linde in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Juergen Nowicki sold 6,782 shares of the company’s stock in a transaction dated 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 sale, the vice president now owns 14,765 shares in the company, valued at $6,786,289.30. This represents a 31.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David P. Strauss sold 2,477 shares of Linde stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $469.74, for a total value of $1,163,545.98. Following the transaction, the vice president now owns 1,300 shares of the company’s stock, valued at $610,662. This trade represents a 65.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,159 shares of company stock valued at $5,603,843. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on LIN shares. TD Cowen upgraded 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 research report on Monday, January 13th. Citigroup decreased 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 research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $501.82.

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.