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LECO

Lincoln Electric Holdings, Inc.

LECO

NASDAQ·Industrials·Manufacturing - Tools & Accessories·Mkt cap $15.1B

$276.44

+0.95%

P/E

27.51

Mkt Cap

$15.1B

52-Wk Range

$216.22–$310.00

52-Week Range

$216.22 - $310.00

P/E

27.51

Fwd P/E

24.64

Beta

1.22

Div Yield

1.13%

Avg Vol

397.7K

Shares Out

54.8M

Mkt Cap

$15.1B

Price action

Price chart

Up 13.7% over the trailing year

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

2 risks

  • Average volatility.
  • Premium valuation to Industrial Machinery peers

Growth

Stable outlook

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

Value

Premium valuation to Industrial Machinery peers

Momentum

Strong

+5.9% over 3m

Quality

Stable

Strong fundamentals

Dividend

Modest

1.13% yield

Earnings track record

Latest print - beat on both lines

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

Next: Oct 29, 2026

Q3 26 RECAP

JUL 30, 2026

Reported EPS of $2.93 vs $2.81 consensus (+4.3% surprise). Revenue of $1.2B vs $1.2B expected (+4.3%). Beat on both top and bottom lines.

EPS beat +4.3%
Rev beat +4.3%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Estimate

Actual

Q3 26

+4.3%

Revenue trend · last 8Q

-3%

+2%

+7%

+8%

+6%

+12%

+12%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$983.8M

$1.0B

$1.0B

$1.1B

$1.1B

$1.1B

$1.1B

$1.2B

Margins · last 8Q

Gross

36.8%

Operating

18.4%

Profit

13.0%

Wall Street consensus

5 analysts · 40% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

40%

Hold

3

60%

Sell

0%

Median Price Target

Latest: Morgan Stanley · Aug 10, 2026

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.