NASDAQ · STOCK
Lincoln Electric
$261.24
52W $216.22 – $310.00
58/100
$14.32B
25.9
1.21
Is LECO Bullish or Bearish?
Mixed.
Innellis AI committee rates Lincoln Electric (LECO) Watch with a composite score of 58/100
, based on 6 analysts with 50% agreement.
Last updated July 31, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +1.88 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -18.12 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is split. Analysts see this stock differently enough that the current rating reflects genuine uncertainty, not a weak signal.
Bull & Bear Case
Bull Case
- ROE of 37.3% shows genuine earnings power backing the valuation — Value
- 3 consecutive earnings beats -- consistent execution — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- MACD histogram positive -- bullish momentum — Technical
- Weekly trend (sideways) confirms the daily trend -- multi-timeframe agreement — Technical
- Market regime is bullish (Bull market -- normal position sizing) — Macro
Bear Case
- P/E of 26.6 is moderate-to-rich — Value
- Price-to-book of 9.0x prices in significant intangible value — Value
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of July 31, 2026
Overall Committee Score
58/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 19%
of 158 Industrials peers
Value Analyst
neutral
48
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 37.3% shows genuine earnings power backing the valuation
− P/E of 26.6 is moderate-to-rich
Growth Analyst
bullish
68
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ 3 consecutive earnings beats -- consistent execution
Technical Analyst
bullish
61
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ MACD histogram positive -- bullish momentum
Macro Analyst
neutral
58
/ 100 · Moderate confidence
Macro backdrop is mixed or neutral -- not a strong tailwind or headwind either way
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
68
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.33 across 18 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2744.14)
Investment Thesis Evolution
Committee score strengthened from 54.2 to 58.1.
- New bearish signals: 3 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 4 appeared.
- Bearish pressure eased: 4 signal(s) disappeared.
- Analyst(s) changed stance: Growth Analyst, Macro Analyst.
Analyst-level changes:
- Growth Analyst: stance bearish->bullish; score 38->68 (+31); +2 bullish signal(s).
- Macro Analyst: stance bullish->neutral; score 65->58 (-8); +1 bullish signal(s).
- News Analyst: +1 bullish signal(s).
- Portfolio Manager: +2 bearish signal(s).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-07-30 to 2026-07-31 (1 day apart).
Technical Analysis
RSI (14)
57.1
Neutral
MACD Histogram
1.162
Bullish Momentum
Trend Direction
Sideways
Weekly: Sideways
Market Structure
Hh Hl
Support
$248.74
Resistance
$277.81
Bollinger %B
0.83
Inside Bands
Price vs Moving Averages
EMA 9
$256.07
Above
EMA 21
$256.06
Above
EMA 50
$258.28
Above
EMA 200
$253.08
Above
Fundamental Analysis
Valuation
35
Growth
82
Profitability
1
Financial Health
93
Cash Flow
37
Valuation
P/E Ratio
25.9×
P/B Ratio
9.19×
PEG Ratio
2.03
Dividend Yield
0.01%
52W High
$310.00
52W Low
$216.22
Quality & Growth
ROE
35.4%
ROA
13.8%
Gross Margin
36.0%
Operating Margin
17.6%
Revenue Growth YoY
—
Debt / Equity
0.74
AI Fundamental Assessment
P/E ratio of 25.9 (moderate relative to a 15-40x range); Price-to-book of 9.2x; PEG ratio of 2.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 0.4%; Return on assets of 0.1%; Net margin of 0.1%; Gross margin of 0.4%; Current ratio of 1.98 (healthy short-term liquidity); Debt-to-equity of 0.74; Free cash flow margin of 0.8% (thin cash generation); Free cash flow per share is positive (9.46); Most recent quarter beat estimates by 2.3%; 3 consecutive earnings beats; EPS growth accelerating (-5.7% -> +17.2% QoQ); Average YoY EPS growth of 12.7%; Analyst estimates rising over recent quarters
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