Lincoln Electric (LECO) Stock Price, News & Analysis

Company Overview

Lincoln Electric Holdings, Inc. (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C. Lincoln in Cleveland, Ohio, Lincoln Electric has been at the forefront of welding innovation for more than a century. The company pioneered the development of the world’s first enclosed arc welding machine and has since expanded its capabilities to include advanced automation technologies. Over the decades, Lincoln Electric has grown through a combination of organic investment and strategic acquisitions, building a reputation for durable, high-performance equipment.

Today, Lincoln Electric serves a diverse range of end markets, including automotive, shipbuilding, construction, energy, heavy manufacturing, and aerospace. Its operations span North America, South America, Europe, Asia, and Africa, supported by manufacturing facilities, research and development centers, and a global network of sales and distribution partners. This extensive footprint ensures both localized support and rapid delivery of parts and services worldwide.

Leadership at Lincoln Electric is focused on driving innovation and operational excellence. Christopher M. Mapes serves as President and Chief Executive Officer, overseeing global strategy, product development, and customer engagement. Under his direction, the company continues to invest in automation, digital connectivity, and sustainability initiatives aimed at reducing energy consumption and improving welding performance across industries.

Key Stats

• Today's Range: $229.99 to $233.35
• 50-Day Range: $223.33 to $247.76
• 52-Week Range: $161.11 to $249.19
• Volume: 162,609 shs
• Average Volume: 340,367 shs
• Market Capitalization: $12.79 billion
• P/E Ratio: 26.04
• Dividend Yield: 1.29%
• Price Target: $239.33
• Consensus Rating: Moderate Buy

Lincoln Electric Stock Analysis - MarketRank™

Lincoln Electric scored higher than 85% of companies evaluated by MarketBeat, and ranked 60th out of 186 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: 2.1 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Lincoln Electric has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 1 hold rating, and 1 sell rating.

Upside/Downside

The consensus price target for Lincoln Electric is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Lincoln Electric has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 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 25.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 281.90.

Price to Earnings Ratio vs. Sector

The P/E ratio of Lincoln Electric is 25.96, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 309.49.

Price to Earnings Growth Ratio

Lincoln Electric has a PEG Ratio of 1.63. 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 9.82. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.72% 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 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Lincoln Electric has recently increased by 9.63%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Lincoln Electric pays a meaningful dividend of 1.27%, 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 33.71%. 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

1.72% 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 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Lincoln Electric has recently increased by 9.63%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.15

News Sentiment

Lincoln Electric has a news sentiment score of 1.15. 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 0.58 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Lincoln Electric this week, compared to 14 articles on an average week.

MarketBeat Follows

2 people have added Lincoln Electric to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Lincoln Electric insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,745,148.00 in 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 at the start of the year. Since then, LECO shares have increased by 23.3% and is now trading at $231.07.

How were Lincoln Electric's earnings last quarter?

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) released its quarterly earnings data on Thursday, July, 31st. The industrial products company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.28. The business's revenue was up 6.6% on a year-over-year basis.
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.

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 7/15 Dividend: 6/30/2025
• Ex-Dividend for 7/15 Dividend: 6/30/2025
• Dividend Payable: 7/15/2025
• Last Earnings: 7/31/2025
• Record date for 10/15 Dividend: 9/30/2025
• Ex-Dividend for 10/15 Dividend: 9/30/2025
• Today: 10/02/2025
• Dividend Payable: 10/15/2025
• Next Earnings (Estimated): 10/30/2025
• 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: $239.33
• High Price Target: $280.00
• Low Price Target: $180.00
• Potential Upside/Downside: +3.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 6 Analysts

Profitability

• EPS (Trailing Twelve Months): $8.90
• Trailing P/E Ratio: 26.06
• Forward P/E Ratio: 24.78
• P/E Growth: 1.63
• Net Income: $466.11 million
• Net Margins: 12.27%
• Pretax Margin: 15.51%
• Return on Equity: 39.79%
• Return on Assets: 14.74%

Debt

• Debt-to-Equity Ratio: 0.83
• Current Ratio: 1.68
• Quick Ratio: 1.08

Sales & Book Value

• Annual Sales: $4.01 billion
• Price / Sales: 3.19
• Cash Flow: $10.80 per share
• Price / Cash Flow: 21.48
• Book Value: $23.52 per share
• Price / Book: 9.86

Miscellaneous

• Outstanding Shares: 55,190,000
• Free Float: 53,735,000
• Market Cap: $12.80 billion
• Optionable: Optionable
• Beta: 1.20