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↑Improving
- Consistent Earnings Outperformance↑Improving
- High Quality Business Fundamentals→Stable
- +1 more pillar — see the Why tab for full reasoning
Lincoln Electric Holdings, Inc. (LECO) Stock Analysis
Breakout setup
Industrials · Tools & Accessories
Hold if already holding. Not a fresh buy at $286.87, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining.
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
Hold if already holding. Not a fresh buy at $286.87, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 69, MACD bullish. Maintain position. Not compelling to add more. Score 5.6/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, news boost analyst cluster(4), earnings proximity 74d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated 2026-08-16Recent Developments — Lincoln Electric Holdings, Inc.
Material events (past 30 days)
- 8K Aug 11, 2026 MEDIUM Item 5.02: On 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.
Latest news
- NEWS Lincoln Electric (LECO) Reports Q2: Everything You Need To Know Ahead Of Earnings - Yahoo Finance — Yahoo Finance neutral
- NEWS Lincoln Electric (LECO) Reports Q2: Everything You Need To Know Ahead Of Earnings - finance.yahoo.com — finance.yahoo.com neutral
- NEWS Lincoln Electric (LECO) Reports Q2: Everything You Need To Know Ahead Of Earnings - TradingView — TradingView positive
- NEWS Lincoln Electric (LECO) Reports Q2: Everything You Need To Know Ahead Of Earnings - tradingview.com — tradingview.com neutral
- NEWS Lincoln Electric Holdings Inc (LECO) Stock Up 4.0% but GF Value Says Overvalued -- GF Score: 97/100 - GuruFocus — GuruFocus positive
Generated 2026-08-16T20:32:10Z.
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.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
1 floor-breaker
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $286.87, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 69, MACD bullish. Maintain position. Not compelling to add more. Target $329.90 (+15.0%), stop $267.19 (−7.4%), A.R:R -0.5:1. Score 5.6/10, moderate confidence.
Take-profit target: $329.90 (-7.5% upside). Target $329.90 (+15.0%), stop $267.19 (−7.4%), A.R:R -0.5:1. Stop-loss: $267.19.
Analyst target reached - limited upside remaining.
Lincoln Electric Holdings, Inc. trades at a P/E of 28.7 (forward 22.9). TrendMatrix value score: 4.6/10. Verdict: Hold.
18 analysts cover LECO with a consensus score of 3.7/5. Average price target: $305.
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.