Stocktoria
LINCOLN ELECTRIC HOLDINGS INC LECO
LINCOLN ELECTRIC HOLDINGS INC (LECO) earns a Piotroski F-score of 6/9 (mixed financial health), with an Altman Z″ in the safe zone. It pays a dividend yielding 1.15% (safety: safe). FY2025 revenue was $4.2B at a 12.3% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -2.53 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-08-11 | UBS | Buy (init) |
| 2026-08-10 | Morgan Stanley | Equal-Weight (up) |
| 2026-07-17 | Morgan Stanley | Underweight (main) |
| 2026-06-16 | DA Davidson | Buy (init) |
| 2026-05-05 | Barclays | Overweight (main) |
| 2026-04-08 | Stifel | Hold (main) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Forward estimates · earnings calendar →
Consensus analyst estimates and scheduled dates — forward-looking, may change.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Manufacturing · percentile among 1957 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 6/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · safe zone
| Component | Value |
|---|---|
| Working capital / assets | 0.207 |
| Retained earnings / assets | 1.149 |
| EBIT / assets | 0.19 |
| Equity / liabilities | 0.637 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| LECO | LINCOLN ELECTRIC HOLDINGS INC | 6/9 | 7.05 | 28.1 | +5.6% |
| SPXC | SPX Technologies, Inc. | 4/9 | 4.05 | 47.6 | +14.2% |
| NNBR | NN INC | 3/9 | -1.78 | — | -9.1% |
| VFS | VinFast Auto Ltd. | 4/9 | -13.01 | — | +57.9% |
| TM | TOYOTA MOTOR CORP/ | 7/9 | 2.55 | — | -1% |
| HMC | HONDA MOTOR CO LTD | 6/9 | 2.79 | — | +19.9% |
| SONY | Sony Group Corp | 6/9 | 0.86 | — | +9% |
About LINCOLN ELECTRIC HOLDINGS INC
Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products in the United States and internationally. It operates in three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, specialty gas regulators, and education solutions; and a portfolio of automated solutions and system integration services for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business. It also provides mobile power solutions, including vehicle-mounted compressors, generators, welders, hydraulics, charger/boosters, and electrified power equipment; automated welding system and solutions; and specialty welding consumables, wear plates, and maintenance and repair services for alloy and wear-resistant products, as well as develops and integrates autonomous guided vehicles and mobile robots, custom assembly and test systems, and proprietary manufacturing execution system software. The company serves general fabrication, oil and gas, power generation, process, automotive and transportation, and construction and infrastructure industries, as well as heavy fabrication, ship building, and maintenance and repair markets. It sells its products directly to users of welding products, including OEMs, manufacturers, and integrators, as well as through industrial distributors, retailers, and agents. Lincoln Electric Holdings, Inc. was founded in 1895 and is headquartered in Cleveland, Ohio.
FAQ
Is LECO financially healthy?
LINCOLN ELECTRIC HOLDINGS INC's Piotroski F-score is 6/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the safe zone.
Does LECO pay a dividend, and is it safe?
Yes. LINCOLN ELECTRIC HOLDINGS INC pays a dividend yielding about 1.15% with a 32.3% payout ratio, rated “safe” for safety.
How profitable is LECO?
In FY2025, LINCOLN ELECTRIC HOLDINGS INC had a net margin of 12.3% and a return on equity of 35.4%.
Is LECO overvalued or undervalued?
LINCOLN ELECTRIC HOLDINGS INC trades at about 30.8× trailing earnings — above its 10-year norm (10-year range 19.1×–33.5×, median 26.3×). Stocktoria reports the data, not buy/sell advice.
What is the analyst price target for LECO?
The average Wall-Street price target for LINCOLN ELECTRIC HOLDINGS INC is $304.91, about 6.3% above the recent price, from 11 analysts (consensus: buy).
Is LECO a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on LINCOLN ELECTRIC HOLDINGS INC: a Piotroski F-score of 6/9, an Altman Z″ in the safe zone, a P/E of about 28.1×, a dividend yield of 1.15%. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.