Lincoln Electric is a financially sound industrial franchise — with a 38% return on equity, a Piotroski F-Score of 8 out of 9, and four straight earnings beats — but with the stock now trading above its price target and free cash flow converting at only 33% of stated earnings, the margin of safety for new entry has largely been consumed.
Thesis pillars
- Strong Price Momentum Breakout↓Deteriorating
- Consistent Earnings Outperformance↓Deteriorating
- High Quality Business Fundamentals→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 25, 2026· older than 90 days
Lincoln Electric Holdings, Inc. (LECO) Stock Analysis
Breakout setup
Industrials · Tools & Accessories
Sell if holding. Analyst target reached at $279.33 — A.R:R is negative (-0.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Sector modifier (Industrials): -0.7.
The Company is a high-performance industrial machinery and technology leader who helps customers manufacture and maintain vital equipment and infrastructure. The Company's innovative solutions enable higher quality and productivity across a variety of processes including... Read more
Sell if holding. Analyst target reached at $279.33 — A.R:R is negative (-0.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Sector modifier (Industrials): -0.7. Chart setup: Golden cross, above all MAs, RSI 64, MACD bullish. Score 5.7/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 98d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated Oct 28, 2026Recent Developments — Lincoln Electric Holdings, Inc.
Latest news
- NEWS Lincoln Electric (LECO) Stock Jumps On Q3 Earnings As Margin Pressure Persists - Yahoo Finance — Yahoo Finance Oct 28, 2026 neutral
- NEWS Lincoln Electric: 3 Key Takeaways for Long-Term Investors - Yahoo Finance — Yahoo Finance Oct 28, 2026 neutral
- NEWS Lincoln Electric Holdings (LECO) Has The Market Watching, But What Is Behind It? - Yahoo Finance — Yahoo Finance Oct 27, 2026 neutral
- NEWS Does Lincoln Electric Holdings (LECO) Justify Its Price On Cash Flow? - Yahoo Finance — Yahoo Finance Oct 27, 2026 neutral
- NEWS Lincoln Electric Holdings, Inc. 2026 Q3 - Results - Earnings Call Presentation (NASDAQ:LECO) 2026-10-27 - Seeking Alpha — Seeking Alpha Oct 27, 2026 neutral
Latest item Oct 28, 2026 · Generated 2026-11-05T11:44:08Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Material Events(8-K, last 90d)
- 2026-08-11Item 5.02MEDIUMOn August 10, 2026, Michael J. Whitehead, Executive Vice President, President of Americas Welding, notified Lincoln Electric Holdings, Inc. (the "Company") of his decision to resign from the Company, effective August 28, 2026, to pursue other business opportunities outside of the Company. Mr.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
10 dimensions · all in-band
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $279.33 — A.R:R is negative (-0.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Sector modifier (Industrials): -0.7. Chart setup: Golden cross, above all MAs, RSI 64, MACD bullish. Prior stop was $259.78. Score 5.7/10, moderate confidence.
Analyst target $274.92 reached (−1.6% from $279.33); no take-profit level is published. Prior stop was $259.78. Stop-loss: $259.78.
Analyst target reached - limited upside remaining; Sector modifier (Industrials): -0.7.
Lincoln Electric Holdings, Inc. trades at a P/E of 26.8 (forward 21.8). TrendMatrix value score: 4.9/10. Verdict: Sell.
19 analysts rate LECO, with a consensus score of 3.8/5. 11 analysts publish price targets averaging $316.
What does Lincoln Electric Holdings, Inc. do?The Company is a high-performance industrial machinery and technology leader who helps customers manufacture and...
The Company is a high-performance industrial machinery and technology leader who helps customers manufacture and maintain vital equipment and infrastructure. The Company's innovative solutions enable higher quality and productivity across a variety of processes including welding, cutting, brazing, machining, process automation, and field repair.