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LECO

Lincoln Electric Holdings, Inc.

LECO

NASDAQ·Industrials·Manufacturing - Tools & Accessories·Mkt cap $14.1B

$255.91

-0.80%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$213.72 - $310.00

P/E

26.36

Fwd P/E

23.74

Beta

1.22

Div Yield

1.21%

Avg Vol

381.0K

Shares Out

54.8M

Mkt Cap

$14.1B

Price action

Price chart

Up 20.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Century-plus brand heritage and technological leadership in welding innovation
  • Integrated business model combining equipment, automation, and high-margin consumables for recurring revenue
  • Extensive global distribution network and direct sales force providing customer access and service capabilities
  • Diversified end-market exposure across automotive, energy, construction, and heavy fabrication industries
  • Proprietary automation and robotic welding solutions creating switching costs and customer lock-in

Bear Case

1 risk

  • Average volatility.

Growth

Stable outlook

Increasing automation adoption in manufacturing driving demand for robotic welding systems and integrated solutions

Value

Fairly valued vs Industrial Machinery peers

Momentum

Strong

+5.9% over 3m

Quality

Stable

Excellent business quality

Dividend

Modest

1.21% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 23, 2026

Q2 26 RECAP

APR 30, 2026

Reported EPS of $2.50 vs $2.42 consensus (+3.3% surprise). Revenue of $1.1B vs $1.1B expected (+4.5%). Beat on both top and bottom lines.

EPS beat +3.3%
Rev beat +4.5%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+3.3%

Next: Apr 23, 2026

Revenue trend · last 8Q

-3%

+2%

+7%

+8%

+6%

+12%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$1.0B

$983.8M

$1.0B

$1.0B

$1.1B

$1.1B

$1.1B

$1.1B

Margins · last 8Q

Gross

Operating

Profit

12.2%

Wall Street consensus

6 analysts · 50% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

50%

Hold

2

33%

Sell

1

17%

Median Price Target

$275.00

+7.5% vs $255.91

Low $250.00
Median $275.00
High $300.00

Latest: Barclays · $300.00 · May 5, 2026

3 analysts covering

vs Industry

How LECO stacks vs Manufacturing - Tools & Accessories

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.