$LECO

Lincoln Electric Holdings (LECO) stock fell 8.4% to $248.84 after its CFO's comments at the Jefferies conference disappointed investors. The company faces leadership changes and delayed pricing benefits. The broader market decline also contributed to the sell-off.

Nordson (NDSN) reported Q2 revenue of $817.7M, up 10.3% YoY, exceeding estimates. Kennametal (KMT) saw 42.6% revenue growth, while Lincoln Electric (LECO) and Stanley Black & Decker (SWK) also reported earnings. The sector saw 2.1% revenue beat but a 2.7% average stock decline.

Snap-on (SNA) and 8 other professional tools and equipment stocks reported Q2 results. SNA reported $1.33B revenue, up 4.2% YoY, beating expectations. The sector saw 2.1% revenue beat, but shares are down 2.7% on average. KMT had the best growth at 42.6%, while LECO had the weakest guidance.

Kennametal (KMT) reported Q2 revenue of $736.6M, up 42.6% YoY, beating estimates. Lincoln Electric (LECO) saw $1.22B revenue, up 12% YoY, with mixed results. Snap-on (SNA) reported $1.33B revenue, up 4.2% YoY, slightly beating estimates. Nordson (NDSN) reported $817.7M revenue, up 10.3% YoY, exceeding expectations. Stocks reacted variably post-earnings.

Lincoln Electric (LECO) reported Q1 revenue of $1.22B, up 12% YoY, beating estimates but missing on organic revenue. Hillman (HLMN) reported $442.3M in revenue, up 9.8% YoY, beating estimates and raising guidance. Fortive (FTV) reported $1.10B in revenue, up 7.9% YoY, beating estimates but stock down 7.1% since reporting.

Professional tools and equipment stocks reported strong Q2 results, with revenues 1.8% above estimates. Stanley Black & Decker (SWK) reported flat revenues at $3.96B, meeting expectations. Kennametal (KMT) saw 42.6% revenue growth, while Lincoln Electric (LECO) and Hyster-Yale (HY) also reported mixed results. SWK is up 6.8%, KMT down 11.6%, LECO up 10.9%, and HY down 1.1% since earnings.

Wall Street analysts issued multiple rating changes. Argus upgraded Boeing (BA) to Buy and set a $265 target; Truist upgraded Best Buy (BBY) to Buy with a $95 target; Argus upgraded Centene (CNC) to Buy with an $80 target. Other moves included UBS upgrading Jabil (JBL) to Buy, BofA downgrading AppLovin (APP) to Neutral, and Barclays downgrading Under Armour (UAA) to Underweight.

LINCOLN ELECTRIC HOLDINGS INC (LECO) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 10, 2026, Michael J. Whitehead, Executive Vice President, President of Americas Welding, notified Lincoln Electr

A roundup of Wall Street analyst actions includes UBS upgrading Jabil to Buy, initiating Lincoln Electric and Century Aluminum with price targets, and Bernstein initiating PDF Solutions. JPMorgan reiterates Nvidia overweight and raises CoreWeave to $110. Other changes include Loop lowering Apple to $340, Truist upgrading Best Buy to $95, and Argus upgrading Boeing to buy.

Morgan Stanley upgraded Lincoln Electric Holdings to Equalweight from Underweight and raised its price target to $283 from $257, according to the firm. The note cites changes based on valuation, EPS revisions, and visibility metrics. The company makes welding and cutting equipment and related consumables and automation solutions.