LECO Lincoln Electric · $252.74 Neutral — no clear edge中性 — 无明显优势 Terminal终端 ↗

All coverage所有股票 · Industrials

Lincoln Electric · Industrials

LECO

$252.74
Lincoln Electric Holdings, Inc. is an American multinational and global manufacturer of welding products, arc welding equipment, welding accessories, plasma and oxy-fuel cutting equipment and robotic welding systems headquartered in Euclid, Ohio.林肯电气控股有限公司是一家总部位于俄亥俄州尤克里德的美国跨国企业，全球领先的焊接产品、电弧焊设备、焊接配件、等离子和氧燃料切割设备及机器人焊接系统制造商。
Cyclical周期股 Large cap大盘 $14B
Engine stance引擎立场2026-07-20
Neutral — no clear edge中性 — 无明显优势
Daily low forming, but the bigger trend is still bearish. Small size only; stop below 246.35.日线低点正在形成，但大趋势仍偏空。只适合小仓位；止损设于 246.35 下方。
Open in Terminal打开终端 ↗ All coverage所有股票 Data through数据截至 2026-07-20 · regenerated nightly每日更新

Key Statistics关键统计

Price价格
$252.74
15.2% below 52-week high低于52周高点 15.2%
Market Cap市值
$14B
Normal volume正常成交量
P/E Ratio市盈率
26.6x
29.9x sector median
Beta贝塔
1.06
Moves about 1.1x the market波动幅度约为市场的 1.1 倍
RSI (14)RSI（14）
45
Neutral zone中性区域
Next Earnings下次财报
2026-07-30 (11d)
Volatility Rank波动率分位
65th pctile
hist. vol. percentile历史波动率分位数
Short Interest空头兴趣
2.9% of float

Performance价格表现

Period周期 LECO S&P 500vs Index对比指数
1 Week近1周 +0.7% -1.5% Beat the index by 2.2 points跑赢指数 2.2 个百分点
1 Month近1月 -6.0% +0.6% Lagged the index by 6.6 points落后指数 6.6 个百分点
3 Months近3月 -3.3% +4.7% Lagged the index by 8.0 points落后指数 8.0 个百分点
6 Months近6月 -3.9% +7.8% Lagged the index by 11.7 points落后指数 11.7 个百分点
Year to date年初至今 +4.0% +9.1% Lagged the index by 5.1 points落后指数 5.1 个百分点
1 Year近1年 +14.6% +19.4% Lagged the index by 4.8 points落后指数 4.8 个百分点
3 Years近3年 +26.4% +69.4% Lagged the index by 43.0 points落后指数 43.0 个百分点

Technicals技术面

RSI (14)RSI（14） 45 Neutral zone中性区域
vs 50-day相对50日均线 -3.4% vs 50-day avg
vs 200-day相对200日均线 -0.5% vs 200-day avg
Volatility rank波动率分位 65th percentile 分位
Engine reference levels — not advice引擎参考水平 — 非投资建议
Buy zone买入区间
$247.15
Don't chase above不追高于
$252.70
Stop止损
$246.30
Bounce — turn not confirmed; wait反弹 — 转向未确认，先观望

Earnings财务业绩

11
days until next report天后公布财报
2026-07-30

Estimates being raised — 10 analysts预期上调 — 10 位分析师

Earnings call transcripts — coming soon财报电话会议记录 — 即将上线

Valuation估值

Multiple指标 LECO Sector median行业中位 Cheaper than相对便宜
P/E (trailing)市盈率（历史） 26.63x 29.89
56%
P/B市净率 9.43x 3.90
18%
P/S市销率 3.27x 2.21
36%
Earnings yield盈利收益率 3.76% 3.10
61%
FCF yield自由现金流收益率 3.85% 3.81
51%
Shareholder yield股东收益率 3.65% 2.29
65%
EV/EBITDA企业价值/EBITDA 18.01x 16.39
41%
P/FCF市值/自由现金流 25.95x 25.50
47%
Analyst price targets — coming soon分析师目标价 — 即将上线

Financials财务数据

Revenue营业收入
$2.7B
2020
$3.2B
2021
$3.8B
2022
$4.2B
2023
$4.0B
2024
$4.2B
2025
5yr CAGR5年复合增速: 9.8%
Earnings Per Share每股收益
$3.42
2020
$4.60
2021
$8.04
2022
$9.37
2023
$8.15
2024
$9.32
2025
5yr CAGR5年复合增速: 22.2%
Free Cash Flow自由现金流
$292.2M
2020
$302.5M
2021
$311.5M
2022
$576.6M
2023
$482.4M
2024
$534.2M
2025
Margins利润率
Gross margin毛利率
36.2%
Operating margin营业利润率
17.0%
Net margin净利率
12.3%
FCF margin自由现金流利润率
15.6%
35.4%Return on Equity股本回报率
13.8%Return on Assets资产回报率
Leverage杠杆
Net debt / EBITDA净债务/EBITDA1.03
Current ratio流动比率1.82
Capital Allocation资本配置
Buybacks (TTM)回购（TTM）$338.3M
Stock-based comp股权薪酬$20.3M
Share count change (1y)股数变化（1年）-2.4%
Piotroski皮奥特罗斯基 6/9 Altman Z阿尔特曼Z: safe (7.2) Clean稳健

Snapshot Gauges综合指标

Valuation vs Sector估值相对行业
Roughly fair vs sector相对行业估值合理
Cheaper than 40% of its sector on blended multiples综合估值倍数低于行业内 40% 的公司
Beta市场敏感度
1.06×
0.21×3×
Moves about 1.1× the market波动幅度约为市场的 1.1 倍
Financial Health财务健康
6/9
Altman阿尔特曼: safe
Adequate financial health财务健康状况一般
Dividend分红
—
Does not pay a dividend不派发股息

Why Is It Moving为何波动

Macro宏观 Rate risk runs through its market / growth beta, not a distinct duration leg.其利率风险通过市场／成长beta体现，并无独立的久期暴露。
Positioning持仓 Short interest changed +25.9%空头仓位变动 +25.9%
Technical技术面 LECO lost its 200-day averageLECO 跌破200日均线

Ownership & Smart Money持仓与聪明钱

Insider activity内部人员活动: -$8.1M net (0 buyers, 2 sellers)-$8.1M 净值（0 买家，2 卖家）

Signal History信号历史

DOWNTREND → UNCONFIRMED TURN下跌趋势 → 未确认转向
HIGH-RISK · NIMBLE ONLY. A daily bottoming setup is forming (swing low in, momentum turned up) — but the higher timeframes haven't confirmed it: the bigger picture is still bearish (weekly momentum negative). This is an UNCONFIRMED TURN, not a confirmed buy. Weekly confirmation lags price, so this exact reading covers BOTH bounces that fail AND the first leg of a genuine new cycle — you can't tell which in real time, so treat it as a risk/size signal, not a direction call. Measured: weekly-unconfirmed bottoming setups held the low ~49% of the time vs ~68% once the weekly turns up高风险 · 仅限灵活操作。正在形成日线筑底形态（摆动低点已现、动量转向上行）——但更高周期尚未确认：大局仍偏空（周线动量为负）。这是「未确认转向」，并非已确认的买入。周线确认滞后于价格，因此同样的读数既涵盖最终失败的反弹，也涵盖真正新周期的第一段——实时无法判定属于哪一种，故应将其视为风险/仓位信号，而非方向判断。实测：周线未确认的筑底形态约 49% 守住低点，周线转向后升至约 68%
COUNTERTREND BOUNCE UNCONFIRMED TURN
Jul 17, 2026
LECO lost its 200-day averageLECO 跌破200日均线
Price closed below the 200-day moving average — the classic bear dividing line. $252.74.收盘跌破200日均线 — 经典的空头分界线。$252.74。
Jul 17, 2026
LECO broke down vs the marketLECO 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $252.74.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$252.74。
Jul 16, 2026
LECO reclaimed its 200-day averageLECO 收复200日均线
Price closed back above the 200-day moving average — the classic bull dividing line. $259.31.收盘重回200日均线 — 经典的多头分界线。$259.31。
Jul 14, 2026
LECO StochRSI turned up from oversoldLECO StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $252.58.StochRSI重回20上方 — 下行动量趋缓的最早预警。$252.58。
Jul 8, 2026
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID回避
Jul 8, 2026
LECO lost its 200-day averageLECO 跌破200日均线
Price closed below the 200-day moving average — the classic bear dividing line. $247.69.收盘跌破200日均线 — 经典的空头分界线。$247.69。
Jul 7, 2026
BOTTOMING → UNCONFIRMED TURN筑底中 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Jul 7, 2026
LECO broke down vs the marketLECO 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $255.81.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$255.81。
Jul 6, 2026
UNCONFIRMED TURN → BOTTOMING未确认转向 → 筑底中
BUY SETUP买入预备
Jul 1, 2026
BOTTOMING → UNCONFIRMED TURN筑底中 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Jul 1, 2026
LECO broke down vs the marketLECO 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $257.97.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$257.97。

Showing last 15 of显示最近15条，共 231 signals条信号

Factor Profile因子特征

Composite factor score综合因子得分: 0.07
Value价值
-0.7
Profitability盈利能力
+0.5
Quality质量
-0.1
Investment资本投入
+0.1
Shareholder payout股东回报
-0.1
Low volatility低波动
+0.7
Low market beta低市场敏感度
-0.3
Earnings quality盈利质量
-0.2
Short interest空头兴趣
+0.5

Company Profile公司档案

Lincoln Electric Holdings, Inc. is an American multinational and global manufacturer of welding products, arc welding equipment, welding accessories, plasma and oxy-fuel cutting equipment and robotic welding systems headquartered in Euclid, Ohio.林肯电气控股有限公司是一家总部位于俄亥俄州尤克里德的美国跨国企业，全球领先的焊接产品、电弧焊设备、焊接配件、等离子和氧燃料切割设备及机器人焊接系统制造商。
Watch items — what could change the thesis关注项 — 可能改变论点的因素
  • Margin compression despite revenue growth
Get the full picture获取完整视图
Nightly signals, options flow, and factor analysis across all S&P 500 names.每日更新的信号、期权资金流向和因子分析，覆盖所有标普500成分股。
Open Analyzer打开分析器 Browse All Stocks浏览所有股票