Lincoln Electric Holdings Inc (LECO)
Lincoln Electric Holdings, Inc. is a leading global manufacturer and distributor of welding, cutting, and brazing products, headquartered in Cleveland, Ohio. With a strong emphasis on innovation and quality, Lincoln Electric serves a diverse range of industries, including automotive, construction, and energy, by providing advanced solutions that enhance productivity and safety. The company's extensive portfolio includes welder equipment, filler metals, and automation technologies, positioning it as a critical player in the industrial sector. Committed to sustainability and operational excellence, Lincoln Electric continues to expand its market presence through strategic initiatives and a focus on customer-centric approaches.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 54.55% per annum.
- LECO price at the close of March 17, 2026 was $260.78 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 74.63% per annum.
- LECO price at the close of March 17, 2026 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of LECO price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 12, 2025
End date: March 11, 2026
a = 3.4672
b = 0.0012
s = 0.0540
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0012) – 1
= 54.55%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0540) – 1
= 24.09%
March 12, 2025 calculations
Top border of price channel:
Exp(Y1,000)
= Exp(a + b × X1,000 + 2 × s)
= Exp(a + b × 1,455 + 2 × s)
= Exp(3.4672 + 0.0012 × 1,455 + 2 × 0.0540)
= Exp(5.3105)
= $202.44
Bottom border of price channel:
Exp(Y1,000)
= Exp(a + b × X1,000 – 2 × s)
= Exp(a + b × 1,455 – 2 × s)
= Exp(3.4672 + 0.0012 × 1,455 – 2 × 0.0540)
= Exp(5.0946)
= $163.15
March 11, 2026 calculations
Top border of price channel:
Exp(Y1,250)
= Exp(a + b × X1,250 + 2 × s)
= Exp(a + b × 1,819 + 2 × s)
= Exp(3.4672 + 0.0012 × 1,819 + 2 × 0.0540)
= Exp(5.7446)
= $312.49
Bottom border of price channel:
Exp(Y1,250)
= Exp(a + b × X1,250 – 2 × s)
= Exp(a + b × 1,819 – 2 × s)
= Exp(3.4672 + 0.0012 × 1,819 – 2 × 0.0540)
= Exp(5.5288)
= $251.83
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 54.55% per annum.
- LECO price at the close of March 17, 2026 was $260.78 and was inside the primary price channel.
Secondary Trend
Start date: February 6, 2026
End date: March 17, 2026
a = 12.4214
b = -0.0038
s = 0.0178
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0038) – 1
= -74.63%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0178) – 1
= 7.40%
February 6, 2026 calculations
Top border of price channel:
Exp(Y1,228)
= Exp(a + b × X1,228 + 2 × s)
= Exp(a + b × 1,786 + 2 × s)
= Exp(12.4214 + -0.0038 × 1,786 + 2 × 0.0178)
= Exp(5.7465)
= $313.08
Bottom border of price channel:
Exp(Y1,228)
= Exp(a + b × X1,228 – 2 × s)
= Exp(a + b × 1,786 – 2 × s)
= Exp(12.4214 + -0.0038 × 1,786 – 2 × 0.0178)
= Exp(5.6751)
= $291.51
March 17, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(12.4214 + -0.0038 × 1,825 + 2 × 0.0178)
= Exp(5.5999)
= $270.41
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(12.4214 + -0.0038 × 1,825 – 2 × 0.0178)
= Exp(5.5285)
= $251.78
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 74.63% per annum.
- LECO price at the close of March 17, 2026 was inside the secondary price channel.