Is LIN a good stock to buy? We came across a bullish thesis on Linde plc on Ocular Capital’s Substack. In this article, we will summarize the bulls’ thesis on LIN. Linde plc’s share was trading at $481.55 as of March 11th. LIN’s trailing and forward P/E were 32.96 and 26.88, respectively according to Yahoo Finance.
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Linde plc is a global leader in industrial gases and represents a highly resilient business built on significant barriers to entry. The company operates in a capital-intensive industry that requires substantial infrastructure investment, complex logistics networks, and long-term supply contracts, making it difficult for new competitors to enter the market. Its gases are essential inputs across a wide range of industries, including steel manufacturing, semiconductor fabrication, healthcare, and emerging clean energy applications.
This broad industrial exposure provides stable demand and reinforces Linde’s role as a critical supplier to the global economy. The company’s financial consistency reflects a business model that behaves similarly to a utility, where long-term contracts and pricing structures often allow it to pass through inflation and maintain strong margins. This pricing power, combined with its entrenched position in supply chains, has enabled Linde to deliver steady growth and reliable cash flows over time. Beyond its established industrial gas operations, the company is also strategically positioning itself to benefit from the global energy transition.
In particular, Linde is expanding its presence in green hydrogen infrastructure, which is expected to play a key role in decarbonizing heavy industry and energy systems. By leveraging its existing expertise in gas production, storage, and distribution, the company is well placed to capture opportunities in this emerging market. As a result, Linde represents a high-quality long-term compounder whose importance often goes underappreciated because it operates behind the scenes as a foundational supplier to multiple critical industries.
Previously, we covered a bullish thesis on Eastman Chemical Company (EMN) by Kristopher Rymer in January 2025, which highlighted the company’s leadership in the circular economy through advanced recycling technologies, strategic investments in recycling facilities, and growth driven by sustainability-focused products. EMN’s stock price has depreciated by approximately 23.60% since our coverage due to macro-driven cyclicality and sector sentiment. Ocular Capital shares a similar view but emphasizes Linde plc’s industrial gas dominance, strong pricing power, and growth from hydrogen infrastructure.
Linde plc is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 89 hedge fund portfolios held LIN at the end of the fourth quarter which was 76 in the previous quarter. While we acknowledge the risk and potential of LIN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LIN and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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Disclosure: None.
