Lincoln Electric Holdings, Inc. (LECO) Stock Price, News, Analysis

Technical Score (1D)

NEUTRAL

News Sentiment

MIXED

Lincoln Electric’s CFO reaffirmed the company’s current‑year revenue guidance during a Morgan Stanley conference, citing robust industrial demand for welding equipment. The statement confirmed that the firm’s top‑line outlook remains unchanged, with no new contracts or guidance revisions disclosed. CFO Gabriel Bruno also highlighted ongoing cost‑control initiatives and supply‑chain resilience efforts, addressing analyst concerns about rising raw‑material prices. The lack of new guidance suggests management believes the current operating environment will sustain the projected revenue trajectory over the next 1–10 trading days. Investors should monitor the company’s ability to keep cost pressures in check, as higher input costs could erode margins if not offset by pricing power. Supply‑chain stability will also be a key watch item; any disruptions could delay equipment deliveries and impact revenue recognition. Additionally, the firm’s exposure to industrial demand means that macro‑economic signals such as manufacturing PMI or construction spending could influence short‑term sales momentum. Finally, keep an eye on subsequent earnings releases for any updates on cost‑management effectiveness and potential adjustments to the guidance.

LECO|Analyst Targets

LOW TARGET

$238 -7.5%

2 analysts

MEAN TARGET

$305 +18.6%

12 analysts

HIGH TARGET

$340 +32.2%

7 analysts

PRICE RANGE

$238.00 - $340.00

SB / B / H / S / SS

3/9/7/1/1

DAILYIQ EST.

$311.68 (+21.2%)

LECO|Company Info

Sector

Industrials

Industry

Tools & Accessories

Exchange

NMS

Country

United States

Website

lincolnelectric.com

Symbol

LECO

Description

Lincoln Electric Holdings, Inc. is a global leader in the design, manufacture, and sale of welding, cutting, and brazing products. The company's core business encompasses a wide range of offerings, including welding equipment, consumables, and automated solutions, serving diverse industries such as construction, automotive, and oil & gas. Through its Americas Welding, International Welding, and The Harris Products Group segments, Lincoln Electric provides a comprehensive portfolio of products and services, including mobile power solutions and educational programs. This established company, founded in 1895, distributes its products directly and through various channels, solidifying its position as a key provider to manufacturers, OEMs, and industrial distributors worldwide.

LECO|Insider Trading

Bought (1Y)

0 shares

Sold (1Y)

1,470 shares

$402K

Hedlund Steven BCHAIRMAN, PRESIDENT & CEO

Tax Withholding409 shares2026-08-21

Whaley Kevin J.EVP, Pres, Global Automation

Tax Withholding216 shares2026-07-23

Whitehead Michael JEVP, PRESIDENT, AMERICAS WELD

Sell845 shares2026-06-16

LECO|Fundamentals

Bullish

Verdict: Bullish

✓Revenue growing year over year

✓Positive net margin

✓Positive operating cash flow

Gross Margin

36.2%

Net Margin

12.3%

Revenue CAGR

3.2%

Current Ratio

1.82x

Debt / Equity

0.78x

Return on Equity

35.4%

LECO|Earnings Snapshot

Earnings Summary

Lincoln Electric Holdings, Inc. is a global leader in welding, cutting, and brazing equipment, serving construction, automotive, and oil & gas sectors through its Americas, International, and Harris Products Group segments. The company’s diversified product portfolio and direct distribution model position it as a key industrial tools provider. In Q4 2024, LECO reported EPS of $2.57 versus an estimate of $1.99, with revenue of $1.022 billion, a 1.5% increase from the prior quarter. The following quarter, Q4 2025, saw EPS of $2.65 against an estimate of $2.53 and revenue of $1.079 billion, slightly below the $1.085 billion estimate, indicating a modest revenue slowdown while earnings remained above expectations. Q1 2026 EPS of $2.50 beat the $2.50 estimate, and revenue of $1.121 billion exceeded the $1.096 billion estimate, showing a rebound in top line growth. Q2 2026 continued the upward trend with EPS of $2.93 versus an estimate of $2.77 and revenue of $1.220 billion versus an estimate of $1.191 billion, marking the first quarter in the series where both EPS and revenue surpassed forecasts. Historically, LECO has maintained a steady YoY revenue growth trajectory, with the last four quarters showing incremental increases and EPS consistently beating estimates in three of the four periods, underscoring a resilient earnings profile despite occasional revenue dips. Recent news highlights CFO Gabriel Bruno’s reaffirmation of current‑year revenue guidance amid robust industrial demand, coupled with ongoing cost‑control and supply‑chain resilience initiatives; however, a recent cautionary note about potential demand weakness and input cost inflation signals possible near‑term headwinds. Investors should watch for the next earnings release to assess whether cost‑management efforts and automation investments can offset any slowdown in industrial demand, and monitor macro‑economic indicators such as PPI and manufacturing PMI that could influence the company’s revenue momentum.

Read full report

EPS

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$2.82	-	-
Q2'26	$2.77	$2.93	+5.8%
Q1'26	$2.50	$2.50	+0.2%
Q4'25	$2.53	$2.65	+4.6%
Q4'24	$1.99	$2.57	+28.9%

Revenue

EstBeatMiss

Qtr	Est	Actual	+/−
Q3'26	$1.2B	-	-
Q2'26	$1.2B	$1.2B	+2.4%
Q1'26	$1.1B	$1.1B	+2.4%
Q4'25	$1.1B	$1.1B	-0.6%
Q4'24	-	$1.0B	-

Full Earnings BreakdownEstimates, actuals, guidance, and historical context

→

LECO|Monthly Returns

Market Data

LECO Stock Snapshot

HOLD45/100

$257.20+$0.02 (0.0%)

Market cap: 14.02B
P/E ratio: 25.3
Day range: $254.69 – $257.94
News sentiment: 51/100 · Neutral
Analyst target: $304.91 (+18.5%)
Consensus: Buy · 21 analysts

52-week range+19.0% off low · -17.0% from high

$216.22$310.00

Price $257.20 DailyIQ Est. $311.68

This is a pause rather than a turn for LECO - the signals are mixed by construction. Institutional coverage is thorough here, so shifts in analyst expectations show up in price quickly.

Reverse DCF

What growth is priced into LECO?

RICH

At today's price, Lincoln Electric Holdings, Inc. needs to grow free cash flow about 17.6% a year for the next 10 years to justify its valuation at a 9.25% cost of capital. Over its actual history it has compounded free cash flow at 7.0% a year, so the market is asking for 10.7 percentage points above its own delivered rate. On that basis LECO looks priced above what its own growth record supports.

Implied FCF growth: 17.6%
Historical FCF CAGR: 7.0%
Growth gap: +10.7 pts
Verdict: RICH
Discount rate (WACC): 9.25%
Beta: 0.95

Behaviour On Record

What LECO's own history says about today's numbers

Realized volatility (21d): 36.3% 94th pct
Below its peak: -14.3%
vs 200-day average: -2.2%
Up days (1y): 52%

Lincoln Electric Holdings, Inc. is currently running 36.3% annualised volatility over the last 21 sessions. Measured against LECO's own 13 years of daily returns rather than a market-wide average, that is the 94th percentile — an extreme by its own standards, against a typical reading of 23.1%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

LECO is trading -14.3% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -20.0%, and the deepest was -38.9% in 2020. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits -2.2% from its 200-day moving average. Against every other day in its history, that gap ranks at the 28th percentile — a narrower gap than it typically runs. Over the past year LECO closed higher on 52% of sessions, and it is currently 4 sessions into a rising streak.

On September specifically: over 13 years of records, LECO finished the month higher 3 of 13 times, with a median return of -3.1% and an average of -2.3%. Its strongest month historically has been July at +4.8% on average, its weakest March at -2.3%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: LECO has opened more than 2% away from the prior close in 117 of 3,267 sessions (3.6% of the time), with the largest gaps running +10.1% and -8.5%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

Across the last 3 dated reports on file, LECO moved an average of 1.9% in the session after earnings, closing higher 2 of those 3 times, with a median move of +0.5% and a largest of +4.4%.

All figures computed from 3,268 daily closes between 2013-09-20 and 2026-09-18, split-adjusted, recomputed daily. Percentiles are against LECO's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of LECO's sector?

Lincoln Electric Holdings, Inc. sits in the Industrials sector, currently ranked 11th of 11 GICS sectors by relative-strength rotation score (improving).

Sector rank: #11 of 11
Sector state: Improving
Sector rotation score: 30

Options Market

What is the options market pricing for LECO?

CallsPuts

For Lincoln Electric Holdings, Inc.'s nearest expiry (2026-10-16, 26 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.19), with at-the-money implied volatility around 50.8%. The options market is pricing roughly a ±12.3% move by that expiry — a range of about $265.20–$339.87.

Put/call ratio (2026-10-16): 0.19
ATM implied volatility: 50.8%
Total open interest: 621
Expected move by 2026-10-16: ±12.3% ($265.20–$339.87)

Analyst Rating Changes

Are analysts turning bullish or bearish on LECO?

UBS most recently initiated coverage on Lincoln Electric Holdings, Inc. to Buy on Aug 11, 2026 with a price target of $340. Over the last 90 days, coverage has run 1 upgrade against 0 downgrades, a net bullish lean.

Latest action: UBS — Buy
90-day upgrades: 1
90-day downgrades: 0
Net rating momentum: +1

Date	Firm	Action	Rating	Price target
Aug 11, 2026	UBS	Initiated	Buy	$340
Aug 10, 2026	Morgan Stanley	Upgrade	Underweight → Equal-Weight	$257 → $283
Jul 17, 2026	Morgan Stanley	Maintained	Underweight	$250 → $253
Jun 16, 2026	DA Davidson	Initiated	Buy	$320
May 5, 2026	Barclays	Maintained	Overweight	$280 → $300
Apr 8, 2026	Stifel	Maintained	Hold	$300 → $264
Apr 1, 2026	Barclays	Maintained	Overweight	$310 → $280
Mar 31, 2026	Jefferies	Downgrade	Buy → Hold	$350 → $280
Mar 30, 2026	Morgan Stanley	Maintained	Underweight	$240 → $247
Feb 13, 2026	Barclays	Maintained	Overweight	$280 → $310
Feb 13, 2026	Stifel	Maintained	Hold	$253 → $300
Feb 13, 2026	Keybanc	Maintained	Overweight	$280 → $340

LECO Competitive Positioning

Lincoln Electric Holdings, Inc. (LECO) is tracked alongside these names in Tools & Accessories on DailyIQ — ranked by market cap, with today's move alongside.

LECOyou're hereLincoln Electric Holdings, Inc.$14.0B+0.01%
SNASnap-on Incorporated$19.3B+0.01%
SWKStanley Black & Decker, Inc.$13.5B0.00%

Held by These ETFs

LECO is a top holding in these ETFs tracked on DailyIQ — bar length shows portfolio weight.

News Sentiment Analysis

Sentiment gathered from recent headlines

51/100

Strong NegativeNeutralStrong Positive

MIXED

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles

What did this article say?

Lincoln Electric’s CFO Gabriel Bruno appeared on the third day of Morgan Stanley’s 14th Annual Laguna Conference to discuss the company’s financial performance and outlook. He highlighted recent revenue growth driven by higher demand for welding equipment in the industrial sector and reiterated the company’s guidance for the remainder of the year. The presentation included a Q&A session where analysts inquired about cost management, supply‑chain resilience, and the impact of rising raw‑material prices. No material guidance revisions or new contracts were disclosed, and the remarks largely confirmed existing expectations.

What did this article say?

Lincoln Electric’s share‑repurchase program is fully funded but smaller than market expectations, suggesting a modest but still supportive catalyst for the stock. The company has retired 1.6% of its shares over the past year, boosting earnings per share and shareholder yield to 2.6%. Earnings and net income have grown 5.2% and 6.9% annually over the last three years, respectively, indicating steady operational performance. The buyback, while not a large-scale event, reinforces management’s confidence in the business and may help sustain the 7.4% year‑to‑date gain. Investors should monitor the timing of future repurchases and any changes in dividend policy for additional upside potential.

What did this article say?

Analysts compare Lincoln Electric Holdings (LECO) to Kennametal (KMT) and find LECO’s valuation and earnings outlook lagging behind its peer. LECO’s Zacks Rank is a Buy versus KMT’s Strong Buy, and its key value metrics—P/E, P/S, earnings yield—are less attractive. The consensus suggests LECO’s stock may be overvalued relative to its fundamentals, potentially limiting upside for value investors.

What did this article say?

Lincoln Electric (LECO) shares fell 8% after management cautioned about weakening industrial demand and potential delays in major capital projects during the Jefferies Global Industrials Conference. The company cited soft automotive production, persistent inflation, uneven regional demand, and customer investment delays as key operational headwinds. August PPI data showing a 0.4% rise added to concerns about rising input costs and prolonged project postponements. The market reaction suggests investors are pricing in a slowdown in the welding equipment sector.

What did this article say?

Lincoln Electric Holdings’ CFO Gabriel Bruno participated in a Jefferies Global Industrials Conference fireside chat, outlining the company’s operational performance and strategic priorities. Bruno emphasized continued expansion in the welding and metal‑fabrication markets, citing steady demand from automotive and construction sectors. He also discussed ongoing investments in automation and digital solutions to enhance productivity and reduce costs. While no new financial guidance was issued, the discussion reinforced confidence in LECO’s growth trajectory and operational resilience.

What did this article say?

Zacks analysts flag Lincoln Electric (LECO) as a top growth pick, citing a high Growth Style Score and a strong Zacks Rank. The company’s focus on specialized welding equipment positions it well for continued expansion in industrial and manufacturing markets. Analysts note that LECO’s growth trajectory aligns with broader demand for advanced fabrication solutions, suggesting a solid upside for investors seeking high‑growth exposure. The recommendation is based on quantitative metrics rather than a single catalyst, indicating a steady, not explosive, outlook.

What did this article say?

Lincoln Electric Holdings (LECO) has been identified as a quality investing standout by ChartMill, citing robust return on invested capital, efficient cash conversion, and consistent growth. The assessment underscores the company’s durable long‑term fundamentals and positions it favorably within its industrial sector. While the review does not announce new catalysts or guidance changes, it reinforces investor confidence in LECO’s financial health.

What did this article say?

LECO is identified among a group of GARP stocks that investors can target for attractive returns. The mention signals that the company is viewed as having solid growth prospects while trading at a discount to its fundamentals. This positioning may attract value‑oriented investors looking for upside potential. The article does not provide new financial data or guidance, but it reinforces LECO’s status as a compelling long‑term play.

What did this article say?

Lincoln Electric Holdings (LECO) has outlined a series of investor‑focused events for September 2026, including the Jefferies Global Industrials Conference, the 14th Annual Laguna Conference, and the 25th Annual Diversified Industrials & Services Conference. All sessions will be streamed live and recorded for later viewing on the company’s Investor Relations website. The announcements provide shareholders with opportunities to engage directly with CFO Gabe Bruno and other executives, but do not indicate any change to financial guidance or operational outlook.

What did this article say?

Lincoln Electric Holdings (LECO) has earned a Zacks Rank of #2 (Buy) this year, placing it near the top of the Industrial Products sector. The company’s full‑year earnings estimate rose 2.7% in the last quarter, reflecting improving analyst sentiment. This positive outlook is supported by a strong earnings revision trend and a solid track record of outperforming peers. The rating suggests that LECO’s performance is likely to continue driving upside for the remainder of the year. Investors should monitor how the company’s earnings guidance evolves and whether the upward revision trend persists.

Technical Analysis

Real-time indicators across multiple timeframes

NEUTRAL

Technical indicators reflect the latest computed signal mix for this timeframe.

Unlock full technicals

Create a free account to access more indicators and deeper timeframe data.

Institutional & Hedge Fund Ownership

3 tracked managers · $395.16M combined position · 1 adding, 1 trimming, 1 unchanged (latest 13F filings)

Manager	Trend	Shares Held	% of Co.	Position Value	Filed
Geode Capital Management, LLC	▲ Buy	1,446,305	2.65%	$384.08M	2026-08-12
Neuberger Berman Group LLC	▼ Sell	37,705	0.07%	$10.01M	2026-08-13
Marshall Wace, LLP	• Hold	4,033	0.01%	$1.07M	2026-08-13

Q2 2026 flow:85.0K sh bought ($22.58M)7.7K sh sold ($2.05M)net +77.3K sh (+$20.53M)

Congressional Trading Activity

2 disclosed trades · ~$40.5K est. traded value · 0 buys, 2 sells

Member	Chamber	State	Type	Amount	Traded	Filed
Jared Moskowitz	House	FL23	▼ Sell	$1K - $15K	2025-04-07	2025-05-09
Jefferson Shreve	House	IN06	▼ Sell	$15K - $50K	2025-04-07	2025-05-08

LECO·Lincoln Electric Holdings, Inc.

EPS

Revenue

LECO Stock Snapshot

What growth is priced into LECO?

What LECO's own history says about today's numbers

Is money rotating into or out of LECO's sector?

What is the options market pricing for LECO?

Are analysts turning bullish or bearish on LECO?

LECO Competitive Positioning

Held by These ETFs

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Market Status

Recently Viewed

Portfolio

Email Alerts

Portfolio News

Economic Events

Earnings Events

Economic News

LECO·Lincoln Electric Holdings, Inc.

EPS

Revenue

LECO Stock Snapshot

What growth is priced into LECO?

What LECO's own history says about today's numbers

Is money rotating into or out of LECO's sector?

What is the options market pricing for LECO?

Are analysts turning bullish or bearish on LECO?

LECO Competitive Positioning

Held by These ETFs

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Discover More

News Sentiment Analysis

Recent News Coverage

Technical Analysis

Real-time indicators across multiple timeframes

Discover More

Market Status

Recently Viewed

Portfolio

Email Alerts

Portfolio News

Economic Events

Earnings Events

Economic News