Lincoln Electric Holdings, Inc. (LECO)

Lincoln Electric's stock experienced several notable events in the past six months. Several analysts reiterated or upgraded their ratings and raised price targets for LECO in late January and early February 2026. The company's stock reached an all-time high of $289.26 on February 6, 2026. Lincoln Electric reported its Q3 2025 results on October 30, 2025, announcing an EPS of $2.47 and quarterly revenue of $1.06 billion. On July 31, 2025, Lincoln Electric reported strong Q2 2025 financial results, with an adjusted EPS of $2.60 and revenue of $1.09 billion. Lincoln Electric also announced a 5.3% dividend increase on October 15, 2025, and is expected to release its Q4 and full-year 2025 results on February 12, 2026.

Lincoln Electric's revenue streams are closely tied to industrial production trends and steel consumption. The company experiences traditional seasonality, with cash conversion typically lower in the fourth quarter. Management anticipates modest sequential improvement in operating income margin during the fourth quarter, aligning with traditional seasonality. Demand for welding automation and consumables has risen, partly due to skilled labor shortages.

Lincoln Electric Holdings, Inc. is a global leader in welding, cutting, and brazing products, operating within the Industrials sector. The company provides arc-welding solutions, plasma and oxy-fuel cutting systems, brazing and soldering alloys, and industrial automation solutions. Its product offerings include welding equipment, consumable welding products, cutting systems, wire feeding systems, fume control equipment, welding accessories, gas regulators, and education solutions. Lincoln Electric serves diverse end markets such as general fabrication, heavy industries, automotive, construction, shipbuilding, energy, and aerospace.

Lincoln Electric has a significant global presence, operating through three segments: Americas Welding, International Welding, and The Harris Products Group. The Americas Welding segment covers welding operations across North and South America. The International Welding segment covers welding operations in Europe, Africa, Asia, and Australia. The Harris Products Group manages the company's global oxyfuel cutting, soldering, and brazing businesses, as well as its retail operations in the United States. Lincoln Electric operates 71 manufacturing and automation system integration locations across 21 countries and maintains a worldwide network of distributors and sales offices serving customers in over 160 countries.

Lincoln Electric maintains a strong brand reputation as "the Welding Expert™". The company was awarded on TIME's inaugural list of America's Best Mid-Size Companies 2024, ranking 66th overall and among the top 16 in the "IT, Electronics, Hardware and Equipment" category. There have been no significant negative events impacting Lincoln Electric's brand reputation reported in the past year.

Institutional investors are the primary owners of Lincoln Electric Holdings, Inc., holding approximately 80% of the company's shares. Key institutional shareholders include The Vanguard Group, Inc., BlackRock, Inc., and State Street Global Advisors, Inc. The general public accounts for roughly 17% to 18% of ownership, and insider ownership stands at approximately 0.47% to 2.41%.