Inside the research
Lincoln Electric Holdings, Inc.
LECO Research profile · latest available data
Price overview
$271.70
▲ +5.30 (+2.0%)
| 52w hi | $297.02 |
|---|---|
| 52w lo | $218.56 |
| Vol | 398.30K |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.09
| Short | -0.12 |
|---|---|
| Medium | -0.13 |
| Long | +0.03 |
computed 2026-09-27
Key fundamentals
Lincoln Electric Holdings, Inc.
Industrials · Tools & Accessories
| Market cap | $14.81B |
|---|---|
| Enterprise value | $15.77B |
| Trailing P/E | 27.17x |
| Forward P/E | 21.69x |
| EV / EBITDA | 17.82x |
| P / S (ttm) | 3.30x |
| Profit margin | 12.4% |
| Return on equity | 37.7% |
| Revenue growth | +12.0% |
| Earnings growth | +12.5% |
| Debt / equity | 77.35 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.27 | |
| Sector | -0.01 | |
| Technical | -0.12 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products in the United States and internationally. It operates in three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, specialty gas regulators, and education solutions; and a portfolio of automated solutions and system integration services for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business. It also provides mobile power solutions, including vehicle-mounted compressors, generators, welders, hydraulics, charger/boosters, and electrified power equipment; automated welding system and solutions; and specialty welding consumables, wear plates, and maintenance and repair services for alloy and wear-resistant products, as well as develops and integrates autonomous guided vehicles and mobile robots, custom assembly and test systems, and proprietary manufacturing execution system software. The company serves general fabrication, oil and gas, power generation, process, automotive and transportation, and construction and infrastructure industries, as well as heavy fabrication, ship building, and maintenance and repair markets. It sells its products directly to users of welding products, including OEMs, manufacturers, and integrators, as well as through industrial distributors, retailers, and agents. Lincoln Electric Holdings, Inc. was founded in 1895 and is headquartered in Cleveland, Ohio.
Risk Metrics
| Beta vs SPX | 1.14 |
|---|---|
| Corr SPX | 0.59 |
| Annual vol | 30.7% |
| Annual ret | +23.8% |
| Sharpe | 0.77 |
| Max DD | -24.0% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $294.11 |
|---|---|
| High / Low | $340.00 / $229.00 |
| Median | $300.00 |
| Analysts | 9 |
| Strong Buy | 1 | |
|---|---|---|
| Buy | 4 | |
| Hold | 3 | |
| Sell | 1 | |
| Strong Sell | 1 |
Recent rating actions
| 2026-05-05 | Barclays | → Overweight |
| 2026-04-08 | Stifel | → Hold |
| 2026-04-01 | Barclays | → Overweight |
| 2026-03-31 | Jefferies | → Hold |
| 2026-03-30 | Morgan Stanley | → Underweight |
| 2026-02-13 | Stifel | → Hold |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-11 | Officer / Director Change | read |
| 2026-07-30 | Earnings Release, Exhibits | read |
| 2026-04-30 | Earnings Release, Exhibits | read |
| 2026-04-21 | Shareholder Vote | read |
| 2026-02-12 | Earnings Release, Exhibits | read |
| 2025-10-30 | Earnings Release, Exhibits | read |
| 2025-10-20 | Officer / Director Change, Exhibits | read |
| 2025-07-31 | Earnings Release, Exhibits | read |
| 2025-04-30 | Earnings Release, Exhibits | read |
| 2025-04-28 | Shareholder Vote | read |
| 2025-02-24 | Officer / Director Change, Exhibits | read |
| 2025-02-13 | Earnings Release, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-23 | Whaley Kevin J. | Officer, EVP, Pres, Globa | Withheld for tax | 216 | $54.08K |
| 2026-06-16 | Whitehead Michael J | Officer, EVP, PRESIDENT, | Sell | 845 | $232.21K |
| 2026-05-01 | Doria Gregory | Officer, EVP, PRES INTERN | Withheld for tax | 44 | $11.71K |
| 2026-04-17 | Benny Purushotam Patel | Director | Grant | 688 | — |
| 2026-04-17 | Lincoln Kathryn Jo | Director | Grant | 688 | — |
| 2026-04-17 | Howze Marc A | Director | Grant | 688 | — |
| 2026-04-17 | Hilton Michael F | Director | Grant | 688 | — |
| 2026-04-17 | Goris Patrick P. | Director | Grant | 688 | — |
| 2026-04-17 | Fetch Bonnie J | Director | Grant | 688 | — |
| 2026-04-17 | Falotico Nancy Joy | Director | Grant | 688 | — |
Flow & Concentration
| Insider 180d net | -$232.21K |
|---|---|
| Insider buys / sells | 0 / 1 |
| Insider bias | Neutral |
| 13F holders | 1 |
| Top-5 share | 100.0% |
| HHI | 10,000 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| Ark Invest | $1.11M | 4.19K |
As of 2026-06-30
Dividends
| Yield (TTM) | 0.86% |
|---|---|
| $ / share (TTM) | $2.33 |
| 5y CAGR | +9.0% |
Annual dividend per share
| 2021 | $2.09 |
|---|---|
| 2022 | $2.32 |
| 2023 | $2.63 |
| 2024 | $2.88 |
| 2025 | $3.04 |
| 2026 | $0.79 |
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $4.01B | +5.8% | |
| Gross profit | $1.53B | +8.4% | |
| Operating income | $636.46M | +13.7% | |
| Net income | $520.53M | +26.0% | |
| Cash from ops | $667.54M | +15.0% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $268.86 | $272.13 | $266.52 | $271.70 | 398.30K |
| Sep 24 | $262.93 | $268.27 | $261.10 | $266.40 | 484.70K |
| Sep 23 | $262.91 | $267.53 | $260.86 | $265.40 | 338.00K |
| Sep 22 | $260.67 | $263.88 | $259.68 | $262.99 | 374.00K |
| Sep 21 | $259.41 | $260.23 | $256.13 | $258.32 | 380.30K |
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