Linde (NASDAQ:LIN) Shares Unloaded Rep. Greg Landsman

Representative Greg Landsman (D-Ohio) recently sold shares of Linde plc (NASDAQ:LIN). In a filing disclosed on November 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Linde stock on October 15th. The trade occurred in the Representative’s “SARAH LANDSMAN TRADITIONAL IRA” account.

Representative Greg Landsman also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Pfizer (NYSE:PFE) on 10/15/2024.
• Sold $1,001 – $15,000 in shares of Cheniere Energy (NYSE:LNG) on 10/15/2024.
• Sold $15,001 – $50,000 in shares of Phillips 66 (NYSE:PSX) on 10/15/2024.
• Sold $15,001 – $50,000 in shares of Diamondback Energy (NASDAQ:FANG) on 10/15/2024.
• Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 10/15/2024.
• Sold $1,001 – $15,000 in shares of Regeneron Pharmaceuticals (NASDAQ:REGN) on 10/15/2024.
• Sold $1,001 – $15,000 in shares of CrowdStrike (NASDAQ:CRWD) on 10/15/2024.
• Sold $15,001 – $50,000 in shares of Exxon Mobil (NYSE:XOM) on 10/15/2024.
• Sold $15,001 – $50,000 in shares of Amazon.com (NASDAQ:AMZN) on 10/15/2024.
• Purchased $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 9/10/2024.

Linde Stock Down 1.0 %

LIN opened at $449.10 on Friday. The company has a 50 day moving average of $470.23 and a 200 day moving average of $452.61. The company has a market cap of $213.84 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.92 and a beta of 0.94. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping the consensus estimate of $3.89 by $0.05. The company had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the firm earned $3.63 EPS. On average, sell-side analysts expect that Linde plc will post 15.48 EPS for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be issued a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.24%. The ex-dividend date is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Insider Transactions at Linde

In other news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the transaction, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 36.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Linde

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Linde by 0.9% during the first quarter. Vanguard Group Inc. now owns 44,676,156 shares of the basic materials company’s stock worth $20,744,033,000 after acquiring an additional 405,952 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Linde by 0.4% during the second quarter. Ameriprise Financial Inc. now owns 3,449,218 shares of the basic materials company’s stock worth $1,513,551,000 after acquiring an additional 15,187 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Linde by 372.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock worth $1,567,958,000 after acquiring an additional 2,592,682 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Linde by 7.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,112,160 shares of the basic materials company’s stock worth $1,365,647,000 after acquiring an additional 218,746 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Linde by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock worth $1,438,154,000 after acquiring an additional 50,882 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on LIN. JPMorgan Chase & Co. raised their price target on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Bank of America lifted their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets lifted their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Mizuho lifted their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $490.75.

About Representative Landsman

Greg Landsman (Democratic Party) is a member of the U.S. House, representing Ohio’s 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Landsman is also a member of the Cincinnati City Council in Ohio. He assumed office on January 2, 2018. His current term ends on January 1, 2024. Landsman (Democratic Party) is running for re-election to the U.S. House to represent Ohio’s 1st Congressional District. He declared candidacy for the 2024 election. Greg Landsman was born in Cincinnati, Ohio, and lives in Mt. Washington, Ohio. Landsman earned a B.A. in economics and political science from Ohio University and an M.A. in theological studies, religion, and public policy from Harvard University in 2004. His career experience includes working as the executive director of The Strive Partnership with the KnowledgeWorks Foundation and the director of the Ohio Governor’s Office of Faith-Based and Community Initiatives.

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.