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DOV vs LECO
Which Stock Would AI Choose? Dover Corporation (DOV) vs. Lincoln Electric Holdings, Inc. (LECO) Stock Comparison
Key Takeaways
- DOV has delivered stronger year-to-date performance at 16.14% compared to LECO's 9.35%, reflecting robust recent momentum.
- DOV shares rose approximately 6.5% in recent market activity following a first-quarter earnings beat and reaffirmed full-year guidance.
- Both stocks operate in the Industrials sector but DOV boasts a larger market capitalization of $30.46 billion versus LECO's $14.32 billion.
- LECO shows higher return on equity (ROE, a measure of profitability relative to shareholders' equity) at 37.22% compared to DOV's 15.00%.
- Recent sentiment for LECO benefits from a 'Prime' ESG rating and upcoming earnings, while DOV gains from infrastructure-driven order growth.
- DOV trades at a lower forward price-to-earnings (P/E, stock price divided by expected earnings per share) ratio of 21.32 versus LECO's 24.21, suggesting relative value.
Introduction
Dover Corporation (DOV) and Lincoln Electric Holdings, Inc. (LECO) are prominent players in the Industrials sector, focusing on specialty machinery and equipment essential for manufacturing, infrastructure, and automation. This stock comparison analyzes their recent performance, financial metrics, and market positioning amid ongoing industrial demand and economic shifts. Traders seeking momentum plays and long-term investors evaluating growth in engineered products and welding technologies will find value in understanding their relative strengths, such as earnings trends and valuation differences, for informed portfolio decisions in the current market environment.
Dover Corporation (DOV) Overview and Recent Performance
Dover Corporation is a diversified manufacturer providing engineered products, including pumps, refrigeration systems, and fueling solutions across multiple end-markets like infrastructure and clean energy. In recent market activity, DOV shares have shown resilience, with a year-to-date gain of 16.14% and a 52-week range of $158.97 to $237.54. The stock recently surged about 6.5% following first-quarter 2026 results, which reported $2.05 billion in revenue—a 10.1% year-over-year increase—and earnings per share (EPS) of $2.28, slightly beating estimates of $2.27. Robust order growth, fueled by infrastructure demand, and reaffirmed full-year EPS guidance have bolstered sentiment, despite a trailing P/E ratio of 28.28 and market cap of $30.46 billion. Trading volume has been steady, with beta at 1.25 indicating moderate volatility relative to the market.
Lincoln Electric Holdings, Inc. (LECO) Overview and Recent Performance
Lincoln Electric Holdings specializes in welding and cutting equipment, automation solutions, and additive manufacturing, serving industries like construction and automotive. Recently, LECO has experienced mixed trading, with year-to-date returns of 9.35% and a 52-week range from $170.01 to $310.00. Positive developments include earning a 'Prime' ESG corporate rating from ISS STOXX for sustainability performance and a declared quarterly dividend, supporting its 1.21% yield. The company awaits first-quarter 2026 earnings on April 30, following a prior quarter's EPS beat. With a trailing P/E of 28.03, market cap of $14.32 billion, and higher ROE of 37.22%, LECO reflects strong profitability, though some analysts have tempered targets amid industrial recovery pricing.
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Head-to-Head Comparison
DOV and LECO both thrive in Industrials but differ in focus: DOV's diversified model spans pumps and engineered systems for broad exposure, while LECO concentrates on welding and automation for specialized manufacturing. Growth drivers include infrastructure for DOV and sustainability initiatives for LECO. Recent momentum favors DOV post-earnings, contrasting LECO's pre-earnings caution. Risk factors show LECO with higher debt-to-equity (91.68% vs. 43.93%) but superior ROE. Sector exposure overlaps in machinery, yet DOV's lower forward P/E offers value trade-offs against LECO's dividend appeal. Market sentiment leans positive for both amid industrial recovery, with relative performance highlighting DOV's stability.
Tickeron AI Verdict
Tickeron's AI currently leans toward DOV based on consistent recent trend strength, post-earnings momentum, superior year-to-date positioning, and a more attractive forward valuation amid infrastructure catalysts. While LECO offers high ROE and ESG momentum, its elevated debt and pending earnings introduce short-term uncertainty. This probabilistic edge favors DOV for relative outperformance in the near term, subject to evolving market dynamics.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer. Disclaimers and Limitations
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is DOV is a Buy and LECO is a StrongBuy.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
DOV’s FA Score shows that 0 FA rating(s) are green whileLECO’s FA Score has 1 green FA rating(s).
- DOV’s FA Score: 0 green, 5 red.
- LECO’s FA Score: 1 green, 4 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
DOV’s TA Score shows that 5 TA indicator(s) are bullish while LECO’s TA Score has 6 bullish TA indicator(s).
- DOV’s TA Score: 5 bullish, 5 bearish.
- LECO’s TA Score: 6 bullish, 3 bearish.
Price Growth
DOV (@Industrial Machinery) experienced а +0.12% price change this week, while LECO (@Tools & Hardware) price change was -3.57% for the same time period.
The average weekly price growth across all stocks in the @Industrial Machinery industry was -3.42%. For the same industry, the average monthly price growth was -2.43%, and the average quarterly price growth was +0.81%.
The average weekly price growth across all stocks in the @Tools & Hardware industry was +0.14%. For the same industry, the average monthly price growth was -1.44%, and the average quarterly price growth was +9.53%.
Reported Earning Dates
DOV is expected to report earnings on Jul 23, 2026.
LECO is expected to report earnings on Aug 05, 2026.
Industries' Descriptions
@Industrial Machinery (-3.42% weekly)The industry makes and maintains machines for consumers, the industry, and most other companies. While it has traditionally been categorized as heavy industry, some smaller companies are also branching into the light category. The industry is pivotal in providing the equipment for production in businesses like agriculture, mining, industry and construction, gas, electricity and water utilities. It also supplies supporting equipment for almost all sectors of the economy, such as equipment for heating, and air conditioning of buildings. Illinois Tool Works Inc., Parker-Hannifin Corporation and Rockwell Automation Inc are some of the major U.S. companies operating in this industry.
@Tools & Hardware (+0.14% weekly)Tools & Hardware industry includes companies that manufacture security products, storage cabinets, steel rules and tapes, calipers, shoe hook fasteners, lumber, structural materials and other related supplies. Stanley Black & Decker, Inc., Snap-on Incorporated and L.S. Starrett Company are some of the largest, established players in this industry. The industry is also seeing rapid growth in online sales. The proliferation of do-it-yourself (DIY) projects has boosted industry demand. But oil price volatility poses potential risks to this industry, particularly to e-commerce companies which spend on services of shipping companies, which might alter charges based on oil price movements.
| DOV | LECO | DOV / LECO | |
| Capitalization | 28.8B | 13.9B | 207% |
| EBITDA | 1.88B | 849M | 221% |
| Gain YTD | 10.006 | 6.106 | 164% |
| P/E Ratio | 26.72 | 26.16 | 102% |
| Revenue | 8.28B | 4.35B | 190% |
| Total Cash | 1.64B | 299M | 549% |
| Total Debt | 3.29B | 1.31B | 251% |
DOV | LECO | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 7 | 63 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 37 Fair valued | 82 Overvalued | |
PROFIT vs RISK RATING 1..100 | 36 | 28 | |
SMR RATING 1..100 | 100 | 100 | |
PRICE GROWTH RATING 1..100 | 48 | 50 | |
P/E GROWTH RATING 1..100 | 37 | 42 | |
SEASONALITY SCORE 1..100 | 50 | 75 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
DOV's Valuation (37) in the Miscellaneous Manufacturing industry is somewhat better than the same rating for LECO (82) in the Industrial Machinery industry. This means that DOV’s stock grew somewhat faster than LECO’s over the last 12 months.
LECO's Profit vs Risk Rating (28) in the Industrial Machinery industry is in the same range as DOV (36) in the Miscellaneous Manufacturing industry. This means that LECO’s stock grew similarly to DOV’s over the last 12 months.
LECO's SMR Rating (100) in the Industrial Machinery industry is in the same range as DOV (100) in the Miscellaneous Manufacturing industry. This means that LECO’s stock grew similarly to DOV’s over the last 12 months.
DOV's Price Growth Rating (48) in the Miscellaneous Manufacturing industry is in the same range as LECO (50) in the Industrial Machinery industry. This means that DOV’s stock grew similarly to LECO’s over the last 12 months.
DOV's P/E Growth Rating (37) in the Miscellaneous Manufacturing industry is in the same range as LECO (42) in the Industrial Machinery industry. This means that DOV’s stock grew similarly to LECO’s over the last 12 months.
| DOV | LECO | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 59% | N/A |
| Stochastic ODDS (%) | 2 days ago 45% | 2 days ago 48% |
| Momentum ODDS (%) | 2 days ago 65% | 2 days ago 69% |
| MACD ODDS (%) | 2 days ago 63% | 2 days ago 62% |
| TrendWeek ODDS (%) | 2 days ago 60% | 2 days ago 65% |
| TrendMonth ODDS (%) | 2 days ago 50% | 2 days ago 59% |
| Advances ODDS (%) | 2 days ago 57% | 7 days ago 62% |
| Declines ODDS (%) | 10 days ago 52% | 3 days ago 56% |
| BollingerBands ODDS (%) | 2 days ago 38% | 2 days ago 71% |
| Aroon ODDS (%) | 2 days ago 45% | 2 days ago 59% |
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DOV and
Correlation & Price change
A.I.dvisor indicates that over the last year, DOV has been closely correlated with IR. These tickers have moved in lockstep 78% of the time. This A.I.-generated data suggests there is a high statistical probability that if DOV jumps, then IR could also see price increases.
| Ticker / NAME | Correlation To DOV | 1D Price Change % | ||
|---|---|---|---|---|
| DOV | 100% | -3.26% | ||
| IR - DOV | 78% Closely correlated | -4.64% | ||
| LECO - DOV | 73% Closely correlated | -4.52% | ||
| ITW - DOV | 72% Closely correlated | -2.49% | ||
| KMT - DOV | 69% Closely correlated | -2.09% | ||
| ATMU - DOV | 69% Closely correlated | -1.90% | ||
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LECO and
Correlation & Price change
A.I.dvisor indicates that over the last year, LECO has been closely correlated with GGG. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if LECO jumps, then GGG could also see price increases.
| Ticker / NAME | Correlation To LECO | 1D Price Change % | ||
|---|---|---|---|---|
| LECO | 100% | -4.52% | ||
| GGG - LECO | 74% Closely correlated | -3.15% | ||
| DOV - LECO | 73% Closely correlated | -3.26% | ||
| DCI - LECO | 73% Closely correlated | -3.02% | ||
| ZWS - LECO | 70% Closely correlated | -2.48% | ||
| FELE - LECO | 70% Closely correlated | -2.92% | ||
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