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David P. Strauss, Executive Vice President and Chief Human Resources Officer of Linde PLC (NYSE:LIN), a prominent player in the chemicals industry with $33 billion in revenue and strong profitability metrics, recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Strauss sold 2,477 ordinary shares on March 3, 2025, at a weighted average price of $469.74 per share, amounting to a total transaction value of approximately $1.16 million.
In addition to the sale, Strauss acquired 7,545 shares at a price of $154 per share, with the transaction valued at roughly $1.16 million. Furthermore, 5,068 shares were withheld to cover the exercise price and tax withholdings, with these shares valued at approximately $2.38 million at a price of $469.95 per share.
Following these transactions, Strauss retains ownership of 1,299.897 shares directly and holds additional shares indirectly through family trusts and retirement accounts. For deeper insights into Linde’s valuation and 13 additional expert tips, check out the comprehensive analysis available on InvestingPro.
In other recent news, Linde plc announced an 8% increase in its quarterly dividend, bringing it to $1.50 per share, continuing a 32-year streak of consecutive growth. The company reported sales of $33 billion for 2024, maintaining stable revenue despite challenging global conditions. Linde’s fourth-quarter earnings per share of $3.97 surpassed analyst expectations, though its revenue of $8.28 billion fell short of forecasts. Looking forward, Linde’s guidance for the first quarter of 2025 anticipates adjusted EPS between $3.85 and $3.95, below the consensus of $3.98.
Analysts have offered varied perspectives on Linde’s future. Berenberg increased its price target for Linde to $505 from $470, maintaining a Buy rating, while BMO Capital Markets raised its target to $510, also maintaining an Outperform rating. Mizuho (NYSE:MFG) Securities, however, lowered its price target to $510 from $530 but kept an Outperform rating. Despite these differences, analysts generally express confidence in Linde’s growth strategy and market positioning.
Linde’s strategic focus on capital expenditure-driven growth and its ability to withstand macroeconomic challenges are noted by analysts as key strengths. The company continues to prioritize shareholder returns, evidenced by its significant dividend increase and share repurchases.
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