10 Best UK Stocks to Buy According to Billionaires

6. Linde plc (NASDAQ:LIN)

Number of Billionaire Investors: 11

Value of Billionaire Holdings: $800.38 million

Linde plc (NASDAQ:LIN) is a UK-based industrial gas company that operates worldwide. It supplies gases like oxygen, nitrogen, hydrogen, and carbon dioxide and also constructs large-scale gas processing plants. The company works with several industries, including healthcare, energy, manufacturing, food and beverage, and electronics. On February 24, Berenberg assigned a Buy rating to LIN with a price target of $505, up from $470. The investment firm credited Linde’s financial performance for the optimistic outlook since the company has shifted its strategy from improving margins and returns to a capex-led growth model.

On February 25, Linde plc (NASDAQ:LIN) declared a quarterly dividend of $1.50 per share, an 8% increase from the last payout. This is the 32nd consecutive year that LIN has raised its common dividend. The dividend was paid on March 27, to shareholders listed as of March 13. It is one of the best UK stocks to buy.

Linde plc (NASDAQ:LIN)’s Q4 2024 net income and diluted earnings per share came in at $1.72 billion and $3.60, up 12% and 14%, respectively. Linde’s sales in the fourth quarter stood at $8.2 billion, flat compared to the prior year. The operating cash flow rose 3% year-over-year to $2.80 billion, and free cash flow stood at $1.55 billion. Linde also returned nearly $2 billion to shareholders through share repurchases and dividends.

In the fourth quarter of 2024, 11 billionaires owned stakes worth over $800 million in Linde plc (NASDAQ:LIN).