Lincoln Electric Holding (LECO)

Lincoln Electric Holding, denoted by the symbol LECO-Q, is a well-regarded company in the welding sector, often viewed as part of the old-economy landscape. The firm's strong return on invested capital (ROIC) and return on equity (ROE) reflect its solid operational performance and financial health. A significant portion of its revenue—50%—stems from consumables, underscoring its essential role in the industry. Moreover, it has a growing dividend, appealing to income-focused investors. While the company may not always attract the spotlight, its leadership in automation and robotics, particularly amidst the resurgence of manufacturing in the U.S., positions it as a forward-thinking player in an evolving market.