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Lincoln Electric Holdings Inc(LECO)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for LECO
11/02/2026: LECO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Lincoln Electric Holdings is a prominent industrial company specializing in arc welding and automated robotic solutions. It maintains a leading position in its core markets, characterized by high-quality products, strong technical expertise, and an extensive global distribution network. The company's growth story is increasingly tied to the adoption of advanced automation and robotic technologies in manufacturing. While Lincoln Electric enjoys stable margins and a consistent dividend history, it faces risks from cyclical industrial demand, raw material price fluctuations, and intense global competition. It is a suitable choice for investors seeking a stable, dividend-paying industrial firm with long-term exposure to the automation and manufacturing infrastructure theme.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers steady, long-term growth through automation, but it is not a high-growth tech-style play. |
| Momentum investor | Strong fit while signal remains positive | Momentum investors may favor the stock during periods of strong industrial sector expansion and positive earnings revisions. |
| Value investor | Mixed fit | The stock often trades at premium multiples due to its high-quality business, which may limit deep value opportunities. |
| Dividend investor | Strong fit | Lincoln Electric has a commendable record of consistent dividend payments and annual increases, appealing to income-focused investors. |
| Low-risk investor | Strong fit | The company's strong balance sheet and established market position provide stability suitable for lower-risk industrial exposure. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | The stock is susceptible to broader industrial market fluctuations and macroeconomic news cycles. |
| Valuation risk | Medium | Investors may overpay if industrial demand growth expectations are overly optimistic. |
| Competition risk (Industrial Machinery) | Medium | Aggressive pricing from global competitors like ESAB could compress margins in commodity consumables. |
| Business quality | Strong | The company maintains a high-quality franchise with deep customer relationships and strong technical expertise. |
| Dividend income | Low | The risk to the dividend is low given the company's robust cash flow history and conservative payout ratio. |
| Execution risk | Medium | Successful integration of automated and robotic acquisitions is critical to realizing long-term growth targets. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit -8.34% | Avg. Invested days 38 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/02/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 15.00B USD | Price to earnings Ratio 26.55 | 1Y Target Price 316 |
Price to earnings Ratio 26.55 | 1Y Target Price 316 | ||
Volume (30-day avg) 359.3K shares | Beta 1.22 | 52 Weeks Range 213.55 - 307.17 | Updated Date 11/01/2026 |
52 Weeks Range 213.55 - 307.17 | Updated Date 11/01/2026 | ||
Dividends yield (FY) 1.11% | Basic EPS (TTM) 10.43 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Welding Consumables | Electrodes, wires, and flux sold to industrial and manufacturing clients. | This provides recurring revenue as these products are consumed continuously in welding processes. |
| Welding Equipment | Arc welding power sources, safety gear, and accessories. | These are essential capital goods that drive initial sales and brand loyalty. |
| Automation & Robotics | Turnkey robotic welding cells and software systems. | This is a higher-margin, technology-driven area representing the company's future growth path. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-10-27 | When Before Market | Estimate 2.81 | Actual 2.98 |
Profitability
Profit Margin 12.4% | Operating Margin (TTM) 18.29% |
Management Effectiveness
Return on Assets (TTM) 13.32% | Return on Equity (TTM) 38.75% |
Valuation
Trailing PE 26.55 | Forward PE 21.88 | Enterprise Value 15.90B | Price to Sales(TTM) 3.23 |
Enterprise Value 15.90B | Price to Sales(TTM) 3.23 | ||
Enterprise Value to Revenue 3.43 | Enterprise Value to EBITDA 17.51 | Shares Outstanding 54.16M | Shares Floating 53.17M |
Shares Outstanding 54.16M | Shares Floating 53.17M | ||
Percent Insiders 1.53 | Percent Institutions 83.86 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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