LECO

Lincoln Electric Holdings, Inc.

Industrials · $14.7B market cap

Share price

$274.38

close of Oct 3, 2026

Fair value

$201.66

Sticker Price

Payback Price

$80.66

buy price

Overpriced

LECO is Overpriced: at $274.38 it trades 36% above its fair value of $201.66. Its buy price (Payback Price) is $80.66, 71% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Owner Earnings. Earnings grow slowly (under 7% a year), but cash flow is steady, so we value it on its cash flow instead of its earnings.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth6.2% a year✗

Equity per share growth3.1% a year✗

Sales growth3.6% a year✗

Free cash flow growth5.6% a year✗

Return on invested capital19.4%✓

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Insider activity

Since Jun 16, 2026: no open-market purchases, 1 sale worth $232K and 2 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Whitehead Michael J

EVP, PRESIDENT, AMERICAS WELD · 2026-06-16

Sold

$232K

Other filings

Hedlund Steven B

CHAIRMAN, PRESIDENT & CEO · 2026-08-21

Tax withholding

$115K

Whaley Kevin J.

EVP, Pres, Global Automation · 2026-07-23

Tax withholding

$54K

About Lincoln Electric Holdings, Inc.

Lincoln Electric Holdings, Inc., an enterprise established in Cleveland, Ohio, in 1895, operates globally, focusing on the innovation, production, and sale of equipment and materials for welding, cutting, and brazing applications. The company is organized into three distinct divisions: Americas Welding, International Welding, and The Harris Products Group. Its extensive product portfolio encompasses a broad spectrum…

Manufacturing - Tools & Accessories