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 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

Linde stock opened at $459.11 on Friday. The business’s fifty day moving average is $456.09 and its two-hundred day moving average is $454.28. 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 market cap 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. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49.

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

Linde Increases Dividend

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

Hedge Funds Weigh In On Linde

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LIN shares. Citigroup cut their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their target price for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Insiders Place Their Bets

In related news, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 14,013 shares in the company, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP David P. Strauss sold 2,477 shares of the business’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 sale, the vice president now directly owns 1,300 shares in the company, valued at $610,662. This represents a 65.58 % 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. Corporate 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.