Lincoln Electric (LECO) Stock Price, News & Analysis

Company Overview

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) is a global manufacturer of welding, cutting and surface preparation equipment and consumables. The company’s product portfolio includes arc welding power sources, welding torches, electrodes, wires and automated welding systems. In addition to its core welding consumables business, Lincoln Electric provides robotic welding solutions, plasma and oxyfuel cutting machines, as well as welding safety gear and accessories, catering to industrial, automotive and construction sectors.

Founded in 1895 and headquartered in Cleveland, Ohio, Lincoln Electric has built a reputation for innovation and durability in metal-joining technologies. The company’s pioneering work in constant-current welding transformers and energy-efficient power sources has driven growth for more than a century. Through ongoing research and development, Lincoln Electric continues to introduce advanced processes such as laser welding and digital control platforms that enhance precision and productivity for fabricators worldwide.

With manufacturing facilities, sales offices and research centers spanning North America, South America, Europe, Asia and Africa, Lincoln Electric maintains a broad geographic footprint. Its global distribution network serves small job shops as well as large-scale industrial operations, ensuring timely delivery and local technical support. By aligning regional production capabilities with market demand, the company can optimize lead times and adapt swiftly to evolving customer requirements.

Lincoln Electric’s leadership team is led by President and Chief Executive Officer Christopher Mapes, who oversees strategic initiatives and operational performance. Under his direction, the company emphasizes lean manufacturing, sustainability practices and workforce development. Through Lincoln Electric University and other training programs, the organization fosters skilled craftsmanship and safety awareness, reinforcing its commitment to customer success and long-term value creation.

Key Stats

• Today's Range: $220.11 to $223.44
• 50-Day Range: $180.47 to $223.47
• 52-Week Range: $161.11 to $225.25
• Volume: 253,294 shs
• Average Volume: 350,684 shs
• Market Capitalization: $12.44 billion
• P/E Ratio: 27.47
• Dividend Yield: 1.35%
• Price Target: $206.40
• Consensus Rating: Hold

Lincoln Electric Stock Analysis - MarketRank™

Lincoln Electric scored higher than 76% of companies evaluated by MarketBeat, and ranked 66th out of 182 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Lincoln Electric has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 3 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Lincoln Electric has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 7.69%

Earnings Growth

Earnings for Lincoln Electric are expected to grow by 7.69% in the coming year, from $9.36 to $10.08 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Lincoln Electric is 27.45, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 26.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of Lincoln Electric is 27.45, which means that it is trading at a more expensive P/E ratio than the Industrials sector average P/E ratio of about 25.16.

Price to Earnings Growth Ratio

Lincoln Electric has a PEG Ratio of 1.64. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Lincoln Electric has a P/B Ratio of 9.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.81% of the float of Lincoln Electric has been sold short.

Short Interest Ratio / Days to Cover

Lincoln Electric has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Lincoln Electric has recently decreased by 14.40%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Lincoln Electric pays a meaningful dividend of 1.34%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Lincoln Electric has been increasing its dividend for 30 years.

Dividend Coverage

The dividend payout ratio of Lincoln Electric is 36.99%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Lincoln Electric will have a dividend payout ratio of 29.76% next year. This indicates that Lincoln Electric will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.6 / 5
• Environmental Score: -4.14

Percentage of Shares Shorted

1.81% of the float of Lincoln Electric has been sold short.

Short Interest Ratio / Days to Cover

Lincoln Electric has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Lincoln Electric has recently decreased by 14.40%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.10

News Sentiment

Lincoln Electric has a news sentiment score of 1.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for Lincoln Electric this week, compared to 10 articles on an average week.

Search Interest

Only 2 people have searched for LECO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Lincoln Electric insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.63% of the stock of Lincoln Electric is held by insiders.

Percentage Held by Institutions

79.61% of the stock of Lincoln Electric is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LECO Stock Analysis - Frequently Asked Questions

How have LECO shares performed this year?

Lincoln Electric's stock was trading at $187.47 on January 1st, 2025. Since then, LECO shares have increased by 18.8% and is now trading at $222.7240.

How were Lincoln Electric's earnings last quarter?

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) announced its quarterly earnings results on Wednesday, April, 30th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by $0.06. The company's quarterly revenue was up 2.4% compared to the same quarter last year.
Read the conference call transcript.

Does Lincoln Electric have any subsidiaries?

Lincoln Electric subsidiaries include Overstreet-Hughes Company Inc. (“FTP”), Shoals Tubular Inc. (“Shoals”), Zeman Bauelemente, Askaynak, Baker Industries, Worthington, Invoatech Engineering, and more.

Who are Lincoln Electric's major shareholders?

Top institutional shareholders of Lincoln Electric include MassMutual Private Wealth & Trust FSB (0.17%), Sapient Capital LLC (0.07%), Wealth Enhancement Advisory Services LLC (0.03%) and Fulton Bank N.A. (0.01%). Insiders that own company stock include Christopher L Mapes, Steven B Hedlund, Kathryn Jo Lincoln, Gabriel Bruno, Jennifer I Ansberry, Michele R Kuhrt, Michael J Whitehead, Geoffrey P Allman, Peter M Pletcher and Gregory Doria.
View institutional ownership trends.

How do I buy shares of Lincoln Electric?

Shares of LECO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Lincoln Electric own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Lincoln Electric investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AU Optronics (AUOTY).

Company Calendar

• Record date for 4/15 Dividend: 3/31/2025
• Ex-Dividend for 4/15 Dividend: 3/31/2025
• Dividend Payable: 4/15/2025
• Last Earnings: 4/30/2025
• Record date for 7/15 Dividend: 6/30/2025
• Ex-Dividend for 7/15 Dividend: 6/30/2025
• Today: 7/14/2025
• Dividend Payable: 7/15/2025
• Next Earnings (Confirmed): 7/31/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrials
• Industry: MACH TLS&RL PRD
• Sub-Industry: Industrial Machinery
• Current Symbol: NASDAQ:LECO
• CIK: 59527
• Web: www.lincolnelectric.com
• Phone: (216) 481-8100
• Fax: 216-383-2699
• Employees: 12,000
• Year Founded: 1895

Price Target and Rating

• Average Price Target for Lincoln Electric: $206.40
• High Price Target: $235.00
• Low Price Target: $180.00
• Potential Upside/Downside: -7.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): $8.11
• Trailing P/E Ratio: 27.49
• Forward P/E Ratio: 23.81
• P/E Growth: 1.64
• Net Income: $466.11 million
• Net Margins: 11.44%
• Pretax Margin: 14.60%
• Return on Equity: 39.44%
• Return on Assets: 14.75%

Debt

• Debt-to-Equity Ratio: 0.86
• Current Ratio: 1.78
• Quick Ratio: 1.19

Sales & Book Value

• Annual Sales: $4.03 billion
• Price / Sales: 3.09
• Cash Flow: $10.99 per share
• Price / Cash Flow: 20.29
• Book Value: $23.52 per share
• Price / Book: 9.48

Miscellaneous

• Outstanding Shares: 55,826,000
• Free Float: 54,481,000
• Market Cap: $12.44 billion
• Optionable: Optionable
• Beta: 1.20