Is Linde (LIN) Set to Benefit From a Global Industrial Recovery?

Sustainable Growth Advisers (SGA), an investment firm, reported its Q2 2026 investment letter, revealing Linde plc (NASDAQ:LIN) as a recent addition to their Global Growth Strategy portfolio. The letter noted that Linde plc, the world's largest industrial gas company, had previously been exited in 2024 due to valuation concerns but has since regained favor.

SGA analysts highlighted the company's strong fundamentals, including a durable business model, pricing power, and cash flow visibility. Linde's revenue is largely derived from long-term contracts with customers in essential industries, providing resilience even during slower growth periods. The company's production efficiency and diverse market exposure, spanning healthcare, manufacturing, electronics, chemicals, and energy, are key strengths.

Looking ahead, SGA anticipates Linde to benefit from global structural improvements and accelerated growth in key markets, particularly in the U.S., Europe, and Asia-Pacific, driven by industrial recovery, semiconductor manufacturing, and refinery utilization.