Lincoln Electric Holdings, Inc. (LECO) Stock Price & Analysis
Lincoln Electric Holdings, Inc. (LECO) closed at USD 256.98 on Thursday, October 22, 2026, down 2.34% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 263.13; the Oct 22, 2026 session ranged USD 250.66–259.07 on volume of 437,949 shares. Market capitalization is $14.01B, with a 52-week range of USD 216.22–310 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:11 UTC.
Also available as compact Markdown for AI agents: nexqual.com/LECO.md
Key facts (LECO)
- Last four reported quarters (through Jun 30, 2026): revenue $4.48B, net income $554M (12.4% margin), free cash flow $542M (SEC filings).
- Valuation: P/E 25.3x (avg 24.0x at the last 3 fiscal year-ends), EV/EBITDA 17.1x, net debt $908M.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $232K; 1 not under a Rule 10b5-1 plan ($232K); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.50 on a 1–5 scale) (12 analysts), mean target USD 303.36 (range 238–340).
- Total return with dividends: 1Y +7.4% vs S&P 500 +14.9%; 5Y +91.3% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 2.81, revenue estimate $1.17B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (LECO)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.23B | $3.76B | $4.19B | $4.01B | $4.23B | $4.48B |
| Gross profit | $1.07B | $1.28B | $1.47B | $1.47B | $1.53B | — |
| Operating income | $462M | $612M | $718M | $636M | $718M | $768M |
| Net income | $277M | $472M | $545M | $466M | $521M | $554M |
| EPS (diluted) | $4.60 | $8.04 | $9.37 | $8.15 | $9.32 | — |
| Free cash flow | $303M | $312M | $577M | $482M | $534M | $542M |
| Gross margin | 33.0% | 34.1% | 35.0% | 36.7% | 36.2% | — |
| Operating margin | 14.3% | 16.3% | 17.1% | 15.9% | 17.0% | 17.1% |
| Net margin | 8.6% | 12.6% | 13.0% | 11.6% | 12.3% | 12.4% |
| Revenue growth | +21.8% | +16.3% | +11.4% | -4.4% | +5.6% | — |
| Cash + short-term investments | $193M | $197M | $394M | $377M | $309M | — |
| Total debt | $718M | $1.12B | $1.10B | $1.26B | $1.29B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (LECO)
P/E 25.3x · P/S 3.1x · EV/EBITDA 17.1x · EV/Sales 3.3x · P/FCF 25.8x · P/B 9.0x · FCF yield 3.87% · Earnings yield 3.95% · Dividend yield (paid, TTM) 1.22% · Buyback yield (TTM) 1.69% · Net debt $908M · EV $14.9B
P/E at fiscal year-ends: Dec 2025 25.7x, Dec 2024 23.0x, Dec 2023 23.2x.
Insider sales (SEC Form 4, open-market, last ~7 months) (LECO)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-16 | Whitehead Michael J | EVP, PRESIDENT, AMERICAS WELD | 845 | $232K | 8.3% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (LECO)
Consensus Hold (mean 2.50 on a 1–5 scale), 12 analysts; mean target USD 303.36 (low 238, high 340).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-11 | UBS | Initiated | Buy | $340 |
| 2026-08-10 | Morgan Stanley | Upgrade | Underweight → Equal-Weight | $257 → $283 |
| 2026-07-17 | Morgan Stanley | Target raised | Underweight | $250 → $253 |
Total return (dividends reinvested) (LECO)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +7.4% | +91.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +7.5% | +13.8% |
| Volatility (annualized) | 29.4% | 27.0% |
| Max drawdown | -20.1% (Feb 2026→Apr 2026) | -32.1% (Mar 2024→Mar 2025) |
LECO revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Reportable Segment Aggregation Before Other Operating | $1.22B | 100.0% | +12.0% |
| — Americas Welding (part of Reportable Segment Aggregation Before Other Operating) | $774.4M | 63.5% | +11.2% |
| — International Welding (part of Reportable Segment Aggregation Before Other Operating) | $243.3M | 19.9% | +4.5% |
| — Harris Products Group (part of Reportable Segment Aggregation Before Other Operating) | $201.9M | 16.6% | +26.9% |
| Total revenue | $1.22B | 100% | — |
LECO revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Welding Consumables | $688.0M | 56.4% | +15.7% |
| Welding Equipment | $302.6M | 24.8% | +9.0% |
| Welding Automation | $229.1M | 18.8% | +5.8% |
| Total revenue | $1.22B | 100% | — |
LECO revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $2.63B | 62.2% | +11.8% |
| Non Us | $1.60B | 37.8% | -3.2% |
| Total revenue | $4.23B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
LECO analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.81 | $2.77 | +1.3% | $1.17B | 11 |
| Next quarter (ends Dec 2026) | $2.96 | $2.88 | +3.0% | $1.19B | 11 |
| Current fiscal year (ends Dec 2026) | $11.19 | $10.93 | +2.4% | $4.71B | 12 |
| Next fiscal year (ends Dec 2027) | $12.51 | $12.05 | +3.8% | $5.00B | 12 |
LECO options: expected move
Options price a move of about ±8.5% (±$21.95) by Nov 20, 2026, which includes earnings on Oct 27, 2026. Over the last 8 reports the stock moved ±3.7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 37.6% | ±8.5% |
| Dec 18, 2026 | 56 | 33.3% | ±10.6% |
| Mar 19, 2027 | 147 | 31.8% | ±16.2% |
| Jun 17, 2027 | 237 | 31.3% | ±20.1% |
30-day implied volatility 36.2% vs 23.3% realized over the last 30 trading days. Put/call ratio (volume) 0.61. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:11 UTC)
| Price | USD 256.98 |
|---|---|
| Change | ▼ 2.34% (down) |
| Previous Close | USD 263.13 |
| Open | USD 258.57 |
| Day Range | USD 250.66 – 259.07 |
| 52-Week Range | USD 216.22 – 310 |
| Volume | 437,949 shares |
| Market Cap | $14.01B |
| Exchange | NMS |
Technical Analysis (LECO)
Nexqual's technical model rates LECO "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:11 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 39.75 (neutral) |
| vs SMA50 | Below (USD 269.11) |
| MACD | -2.22 (negative) |
Analyst Ratings (LECO)
Wall Street analysts rate LECO "Hold" based on 12 analysts, with a mean price target of USD 303.36 (range USD 238–340), per Nexqual as of October 23, 2026 at 09:11 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 12 |
| Mean Target | USD 303.36 |
| High Target | USD 340 |
| Low Target | USD 238 |
| Buy / Hold / Sell | 7 / 4 / 1 |
Earnings (LECO)
| Next Earnings Date | 2026-10-27 |
|---|---|
| EPS Estimate | USD 2.81 |
| Revenue Estimate | $1.17B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.93 vs est 2.81 ▲ beat |
| 2026-03-31 | USD 2.5 vs est 2.43 ▲ beat |
| 2025-12-31 | USD 2.65 vs est 2.54 ▲ beat |
| 2025-09-30 | USD 2.47 vs est 2.42 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:11 UTC.
Financials & Fundamentals (LECO)
| Total Revenue | $4.48B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +12.00% |
| Gross Margin | +36.05% |
| Operating Margin | +18.24% |
| Profit Margin | +12.35% |
| ROE | +37.74% |
| Debt / Equity | 0.77 |
| Current Ratio | 1.98 |
| Total Cash | $242.44M |
| Total Debt | $1.20B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $542.40M (12.1% of revenue) |
Source: Nexqual, October 23, 2026 at 09:11 UTC.
Financial Health Score (LECO)
Nexqual rates Lincoln Electric Holdings, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:11 UTC.
| Growth | Solid — Revenue +6% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 36%, operating 18% (last 12 months) |
| Balance Sheet | Mixed — $242M cash and investments vs $1.15B debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $542M (last 4 quarters to Jun 2026, SEC), 12% margin |
| Efficiency | Strong — ROE 38%, ROA 13.0% |
Ownership (LECO)
| Insider Ownership | +1.52% |
|---|---|
| Institutional Ownership | +83.21% |
| Shares Outstanding | 54.51M |
| Float | 53.52M |
| Short % of Float | +2.50% |
Source: Nexqual, October 23, 2026 at 09:11 UTC.
Leadership (LECO)
Lincoln Electric Holdings, Inc. is led by Steven B. Hedlund, President, CEO & Chairman, per Nexqual as of October 23, 2026 at 09:11 UTC.
| President, CEO & Chairman | Steven B. Hedlund |
|---|---|
| Executive VP, CFO & Treasurer | Gabriel Bruno |
| Vice President of Investor Relations & Communications | Amanda H. Butler |
| Senior Vice President of Acquisition Integration | Geoffrey P. Allman |
| Executive VP & President of International | Gregory D. Doria |
Major Backers & Investors (LECO)
Notable institutional backers of Lincoln Electric Holdings, Inc. include NORGES BANK, Victory Capital Management Inc., Invesco, according to Nexqual as of October 23, 2026 at 09:11 UTC.
Active Investors
| Investor | Stake |
|---|---|
| NORGES BANK | 3.17% |
| Victory Capital Management Inc. | 2.55% |
| Invesco | 2.41% |
| JPMorgan | 1.91% |
| Victory Portfolios-Victory Sycamore Established Value Fund | 1.82% |
| AQR Capital Management, LLC | 1.69% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 9.89% |
| Vanguard Group | 9.25% |
| State Street | 4.14% |
| Geode Capital | 2.65% |
Source: Nexqual, October 23, 2026 at 09:11 UTC.
From Lincoln Electric Holdings, Inc.'s Latest SEC 10-K Filing (filed 2026-02-25)
Partnerships
- The Company's partnership with academia includes executive-led lectures and donations of equipment and engineering expertise to support lab and research initiatives.
Legal & Regulatory Risks (Item 1A, quoted)
- We are a co-defendant in litigation alleging asbestos induced illness. Liabilities relating to such litigation could reduce our profitability and impair our financial condition.
- We may incur material losses and costs as a result of product liability claims that may be brought against us or failure to meet contractual performance commitments.
- The occurrence of defects in or failures of our products, or the misuse of our products in specific applications, could cause termination of customer contracts, increased costs and losses to us, our customers and other end users.
- We may incur losses if we do not achieve contractual commitments, including project performance requirements or project schedules.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:11 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt