The Call Lincoln Electric Bulls Got Right

Simply Wall St.11-07

If you only glanced at the headlines, Lincoln Electric looked torn between two stories in late 2025. One bullish report argued accelerating automation and reshoring could justify a higher valuation, ...

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One bullish report argued accelerating automation and reshoring could justify a higher valuation, ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/capital-goods/nasdaq-leco/lincoln-electric-holdings/news/the-call-lincoln-electric-bulls-got-right\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Call Lincoln Electric Bulls Got Right</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Call Lincoln Electric Bulls Got Right\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-11-07 16:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/capital-goods/nasdaq-leco/lincoln-electric-holdings/news/the-call-lincoln-electric-bulls-got-right><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you only glanced at the headlines, Lincoln Electric looked torn between two stories in late 2025. One bullish report argued accelerating automation and reshoring could justify a higher valuation, ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/capital-goods/nasdaq-leco/lincoln-electric-holdings/news/the-call-lincoln-electric-bulls-got-right\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0757428866.USD","symbol_name":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AE\" (USD) ACC","start_time":0,"source_url":"https://simplywall.st/stocks/us/capital-goods/nasdaq-leco/lincoln-electric-holdings/news/the-call-lincoln-electric-bulls-got-right","article_id":"2681097811","we_media_id":null,"thumbnails":["https://simplywall.st/cdn-cgi/image/fit=cover,format=auto,width=320,height=240/https://images.simplywall.st/asset/industry/3072000-choice2-card/1788970327270"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/capital-goods/nasdaq-leco/lincoln-electric-holdings/news/the-call-lincoln-electric-bulls-got-right","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2681097811","pubTimestamp":1794040567,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"BBailey PembertonNovember 7, 2026","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0757428866.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AE\" (USD) ACC","LU0106261612.USD":"SCHRODER ISF US SMALLER COMPANIES IMPACT \"A\" ACC","LU0012050646.USD":"SCHRODER ISF US SMALLER COMPANIES IMPACT \"A\" (USD) INC AV","BK4161":"工业机械","LU1815336091.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","LECO":"林肯电气控股","BKIV":"BNY MELLON INNOVATORS ETF"},"translate_title":"看涨期权林肯电动多头是对的","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LECO":1.5,"BKIV":0.9},"content_text":"If you only glanced at the headlines, Lincoln Electric looked torn between two stories in late 2025. One bullish report argued accelerating automation and reshoring could justify a higher valuation, while a bearish view warned that legacy welding exposure and cyclicality might cap upside. Holding Lincoln Electric over the past year would have returned 22.9%, including dividends. If you had put capital to work then, what did the available evidence really suggest about that trade off between automation promise and welding cyclicality? This theme extends beyond Lincoln Electric. See which of 89 robotics and automation stocks may still merit a closer look. AdvertisementThe Two Lincoln Electric Stories Investors Had To Weigh The shares cost US$227 at the start of the period, and Lincoln Electric sat between two believable stories about what you were really buying. The bullish view saw a fair value of US$256, based on assumptions that automation demand, 5.4% revenue growth, and a 13.8% profit margin would justify a future P/E of 24.9x over about three years. The bearish narrative pointed to a fair value of US$185, stressing reliance on traditional welding, exposure to cyclical sectors, and pressure from automation shifts and regulation as key risks to long term margins. NasdaqGS:LECO 1-Year Stock Price Chart What The Results Changed For Lincoln Electric Record Q1 2026 sales of US$1.12b and later Q3 2026 revenue of US$1,221.3m, with profit rising to US$144.3m and net margin edging up to 11.8%, gave Lincoln Electric fresh support for the automation led bullish case. Evidence of overvaluation worries and insider selling meant the period still cut both ways rather than settling the debate. The key assumption investors needed to test was whether automation and new platforms like XpertLINC could offset welding cyclicality. For a different stock with a similar story, it may help to track segment level automation revenue, reported margins, and any guidance tied specifically to automation rather than relying on headlines or analyst targets. What Lincoln Electric’s Price Already Demands Today Lincoln Electric trades at US$275 after returning 22.9% over the past year, and the selected Narrative’s Fair Value sits below that quote rather than above it. The Narrative hinges on how much of the welding and automation story is already embedded in the valuation. A buyer at today’s level would need confidence that execution on RISE, automation adoption, and Asia expansion offsets any pressure from industrial slowdowns and inflation. \"The current valuation implies that Lincoln Electric shares already price in continued mid single to high single digit organic growth, high 20s incremental margins, and successful bolt on M&A execution, which leaves limited room for disappointment if these ambitions are not fully achieved.\" One Narrative disagrees with today's price. → See where this Narrative says Lincoln Electric should trade Which Company Could Surprise You Next? The story behind this run has already been told. The next one could be taking shape somewhere else. Where could you start looking before it becomes the headline?  Company 1 - 48% below our estimate - uses a digital lending platform and business checking tools to deepen small business relationships. Company 2 - 20% below our estimate - supplies engineered power equipment that grid, data center and offshore projects now require for electrification builds. Company 3 - 23% below our estimate - builds capacity for incretin therapies while adding oncology and neuroscience drugs as extra revenue pillars.  Three companies from the same screener. Open the full list of 39 companies trading below our fair value estimates → This article is general in nature and was produced with the assistance of AI automation,\n        based on data and analysis from Simply Wall St. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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