Linde Director Stephen Angel Sells $23.8M in Stock

Linde Director Stephen Angel sold 50,309 shares of stock for $23.8mln on August 8, 2025. The transaction highlights a notable movement in the company's stock holdings by a key executive. According to Spark, Linde's overall stock score reflects strong financial performance and a positive earnings call, indicating robust operational execution and strategic positioning.

On August 8, 2025, Stephen F. Angel, a director at Linde PLC (NASDAQ: LIN), sold 50,309 shares of the company's stock for an estimated $23,815,274. This transaction represents approximately 9.5% of his shares in the company, according to a recent SEC filing [1]. Following this sale, Angel now owns 480,542 shares of this class of LIN stock.

This significant sale comes amidst a period of active insider trading at Linde. Over the past six months, insiders have traded LIN stock 11 times, with all transactions being sales [1]. Other key executives, such as Sean Durbin (Executive VP, North America) and Juergen Nowicki (Executive VP, Engineering), have also sold shares during this period, totaling an estimated $3.1 million and $3.1 million, respectively [1].

Institutional investors have also shown notable activity in Linde's stock. According to recent filings, Charles Schwab Investment Management Inc. increased its holdings in Linde by 4.7%, owning over 3.25 million shares valued at approximately $1.51 billion [2]. Additionally, several hedge funds, such as GAMMA Investing LLC and Capital World Investors, have significantly adjusted their positions in Linde [2].

The recent insider sales and institutional buying activity may reflect the company's strong financial performance. Linde's overall stock score, as indicated by Spark, reflects robust operational execution and strategic positioning. The company's latest earnings report showed earnings per share (EPS) of $4.09, exceeding the consensus estimate by $0.06 [2].

Analysts have also shown positive sentiment towards Linde. Multiple firms have issued buy ratings and price targets for the stock, with a median target of $519.5 [1]. This positive sentiment is likely influenced by Linde's recent earnings performance and strategic positioning in the basic materials sector.

In conclusion, Stephen Angel's sale of 50,309 shares of Linde stock for $23.8 million is a significant transaction that reflects the ongoing activity in the company's stock holdings. The combination of insider sales, institutional buying, and positive analyst ratings suggests a positive outlook for Linde's stock.

References:
[1] https://www.quiverquant.com/news/Insider+Sale%3A+Director+at+%24LIN+Sells+50%2C309+Shares
[2] https://www.marketbeat.com/instant-alerts/filing-charles-schwab-investment-management-inc-increases-stock-holdings-in-linde-plc-nasdaqlin-2025-08-07/