Rep. Robert Bresnahan, Jr. Sells Linde plc (NASDAQ:LIN) Stock

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 Trading Down 0.1%

LIN stock opened at $452.56 on Monday. The company has a market capitalization of $213.03 billion, a PE ratio of 33.25, a P/E/G ratio of 3.08 and a beta of 1.00. Linde plc has a 12 month low of $408.65 and a 12 month high of $487.49. The firm’s 50-day moving average is $452.15 and its 200 day moving average is $448.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 EPS for the quarter, topping the consensus estimate of $3.92 by $0.03. Linde had a net margin of 19.89% and a return on equity of 18.71%. The company had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $8.24 billion. During the same quarter last year, the firm posted $3.75 EPS. The firm’s revenue was up .1% compared to the same quarter last year. On average, research analysts anticipate that Linde plc will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.33%. The ex-dividend date is Wednesday, June 4th. Linde’s dividend payout ratio is presently 43.57%.

Institutional Trading of Linde

A number of institutional investors have recently bought and sold shares of LIN. Norges Bank purchased a new position in Linde during the 4th quarter worth approximately $2,901,853,000. Freemont Capital Pte Ltd purchased a new position in shares of Linde during the 4th quarter valued at approximately $2,128,233,000. GAMMA Investing LLC increased its holdings in shares of Linde by 58,312.0% during the 1st quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company’s stock valued at $1,590,596,000 after purchasing an additional 3,410,087 shares in the last quarter. Capital World Investors grew its stake in Linde by 34.4% in the 4th quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company’s stock valued at $4,834,631,000 after acquiring an additional 2,957,604 shares during the period. Finally, Deutsche Bank AG grew its stake in Linde by 172.4% in the 1st quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock valued at $1,121,092,000 after acquiring an additional 1,523,702 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Linde

In related news, VP Juergen Nowicki sold 6,782 shares of Linde stock in a transaction on 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 of the company’s stock, valued at approximately $6,786,289.30. This trade represents a 31.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,477 shares of Linde 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 position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.