Rep. Thomas H. Kean, Jr. Acquires 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

LIN stock opened at $462.96 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 0.51. The firm has a market cap of $213.42 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 2.71 and a beta of 0.72. The company’s fifty day simple moving average is $492.70 and its 200 day simple moving average is $500.59. Linde PLC has a 12-month low of $387.78 and a 12-month high of $548.20.

Linde (NASDAQ:LIN) last released 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. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.02 billion. Linde had a return on equity of 20.09% and a net margin of 20.43%.The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.09 earnings per share. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. On average, analysts expect that Linde PLC will post 17.86 earnings per share for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders 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 dividend yield of 1.4%. Linde’s payout ratio is 41.34%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LIN. Capital International Investors raised its stake in shares of Linde by 20.1% in the fourth quarter. Capital International Investors now owns 7,610,387 shares of the basic materials company’s stock worth $3,245,255,000 after purchasing an additional 1,275,477 shares during the last quarter. National Pension Service boosted its position in shares of Linde by 23.9% during the fourth quarter. National Pension Service now owns 1,198,564 shares of the basic materials company’s stock valued at $511,056,000 after buying an additional 231,048 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Linde by 177.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,263,064 shares of the basic materials company’s stock valued at $538,558,000 after buying an additional 807,370 shares during the last quarter. Legal & General Group Plc grew its holdings in Linde by 6.5% during the fourth quarter. Legal & General Group Plc now owns 2,935,016 shares of the basic materials company’s stock worth $1,251,430,000 after buying an additional 179,359 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in Linde by 35.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 348,815 shares of the basic materials company’s stock valued at $148,731,000 after buying an additional 90,858 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on LIN. Royal Bank Of Canada decreased their price target 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 reduced their target price on Linde from $560.00 to $546.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Citigroup decreased their target price on Linde from $600.00 to $580.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. KeyCorp began coverage on Linde in a research note on Thursday, September 10th. They set an “overweight” rating and a $542.00 price target on the stock. Finally, The Goldman Sachs Group set a $580.00 price objective on Linde in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price 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.

Linde Company Profile

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.