Linde (NASDAQ:LIN) Stock Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of Linde plc (NASDAQ:LIN). In a filing disclosed on March 09th, the Representative disclosed that they had sold between $15,001 and $50,000 in Linde stock on February 24th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Royal Gold (NASDAQ:RGLD) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of QUALCOMM (NASDAQ:QCOM) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 2/24/2025.
• Sold $15,001 – $50,000 in shares of Norfolk Southern (NYSE:NSC) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of CoStar Group (NASDAQ:CSGP) on 2/24/2025.
• Purchased $50,001 – $100,000 in shares of AbbVie (NYSE:ABBV) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of The Cigna Group (NYSE:CI) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 2/24/2025.

Linde Stock Down 1.4 %

LIN stock opened at $462.06 on Tuesday. The company has a market cap of $218.51 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The firm has a 50-day moving average of $445.68 and a two-hundred day moving average of $455.24.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating 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%. As a group, analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $1.50 dividend. This is an increase from Linde’s previous quarterly dividend of $1.39. The ex-dividend date is Thursday, March 13th. This represents a $6.00 dividend on an annualized basis and a yield of 1.30%. Linde’s dividend payout ratio is presently 44.09%.

Wall Street Analyst Weigh In

A number of analysts have commented on LIN shares. Citigroup cut their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Finally, TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their price target for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Linde has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Hedge Funds Weigh In On Linde

Hedge funds have recently made changes to their positions in the stock. Synergy Asset Management LLC purchased a new position in shares of Linde during the 4th quarter worth approximately $25,000. Rakuten Securities Inc. boosted its position in shares of Linde by 1,160.0% during the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 58 shares during the period. Global Wealth Strategies & Associates boosted its position in shares of Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 42 shares during the period. Putney Financial Group LLC purchased a new position in shares of Linde during the 4th quarter worth approximately $31,000. Finally, Dunhill Financial LLC purchased a new position in shares of Linde during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

In other Linde news, VP Juergen Nowicki sold 6,782 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the sale, the vice president now directly 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 filing with the Securities & Exchange Commission, which is available through this link. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the sale, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,377 shares of company stock valued at $6,567,231. Company insiders own 0.60% of the company’s stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.