Rep. Thomas H. Kean, Jr. Purchases Shares of Linde PLC (NASDAQ:LIN)

Representative Thomas H. Kean, Jr. (Republican-New Jersey) recently bought shares of Linde PLC (NASDAQ:LIN). In a filing disclosed on September 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Linde stock on August 10th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Johnson & Johnson (NYSE:JNJ) on 8/27/2026.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 8/27/2026.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 8/27/2026.
• Purchased $1,001 – $15,000 in shares of MasTec (NYSE:MTZ) on 8/21/2026.
• Sold $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 8/10/2026.
• Sold $1,001 – $15,000 in shares of Stryker (NYSE:SYK) on 7/22/2026.
• Sold $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 7/22/2026.
• Purchased $1,001 – $15,000 in shares of Toast (NYSE:TOST) on 7/8/2026.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 7/8/2026.
• Purchased $1,001 – $15,000 in shares of ESAB (NYSE:ESAB) on 7/7/2026.

Linde Price Performance

Linde stock traded up $1.19 during trading hours on Wednesday, hitting $464.15. 178,861 shares of the stock were exchanged, compared to its average volume of 2,334,148. The stock has a market capitalization of $213.96 billion, a P/E ratio of 30.01, a P/E/G ratio of 2.71 and a beta of 0.72. The business’s 50-day moving average is $492.70 and its two-hundred day moving average is $500.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.75 and a current ratio of 0.88. Linde PLC has a 12 month low of $387.78 and a 12 month high of $548.20.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, July 31st. The basic materials company reported $4.50 EPS for the quarter, topping the consensus estimate of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%.The business had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.02 billion. During the same period in the previous year, the business earned $4.09 EPS. Linde’s revenue was up 9.3% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. Equities research analysts expect that Linde PLC will post 17.86 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a $1.60 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $6.40 dividend on an annualized basis and a yield of 1.4%. Linde’s payout ratio is 41.34%.

Institutional Investors Weigh In On Linde

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LIN. Legacy Wealth Managment LLC ID raised its position in shares of Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 28 shares during the period. Principia Wealth Advisory LLC grew its holdings in Linde by 74.2% during the second quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 23 shares during the period. High Note Wealth LLC increased its stake in Linde by 108.6% in the fourth quarter. High Note Wealth LLC now owns 73 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 38 shares in the last quarter. Manning & Napier Advisors LLC raised its holdings in Linde by 1,450.0% in the first quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 58 shares during the period. Finally, Basepoint Wealth LLC acquired a new stake in Linde in the fourth quarter worth $36,000. Institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LIN. KeyCorp began coverage on shares of Linde in a research report on Thursday, September 10th. They set an “overweight” rating and a $542.00 price target on the stock. Royal Bank Of Canada dropped their target price on shares of Linde from $576.00 to $553.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. BMO Capital Markets dropped their price objective on shares of Linde from $560.00 to $546.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Weiss Ratings upgraded Linde from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Finally, Evercore reiterated an “outperform” rating and set a $525.00 price target on shares of Linde in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $545.07.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

About Linde

Linde plc (NASDAQ:LIN) is a global industrial gases and engineering company that supplies gases, related equipment and process technologies to customers across a range of industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, specialty gases and medical gases.

The company serves customers in sectors including healthcare, manufacturing, food and beverage, electronics, chemicals, energy and metals. Linde also designs and builds industrial gas plants and provides engineering, project management and process technology services for industrial and energy applications.

Linde traces its history to 1879 and was formed in its current structure through the 2018 merger of Linde AG and Praxair, Inc The company operates internationally, serving customers in numerous countries across the Americas, Europe, Asia and other regions.