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Lincoln Electric (LECO) Competitors

Lincoln Electric logo
$281.82 +4.94 (+1.78%)
As of 08/21/2026 04:00 PM Eastern

LECO vs. NDSN, DCI, DOV, ESAB, and GGG

Should you buy Lincoln Electric stock or one of its competitors? Lincoln Electric's main competitors and comparable companies include Nordson (NDSN), Donaldson (DCI), Dover (DOV), ESAB (ESAB), and Graco (GGG). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "industrial machinery & supplies & components" industry.

How does Lincoln Electric compare to Nordson?

Nordson (NASDAQ:NDSN) and Lincoln Electric (NASDAQ:LECO) are both large-cap industrials companies, but which is the better investment? We will contrast the two companies based on the strength of their analyst recommendations, valuation, media sentiment, profitability, risk, dividends, earnings and institutional ownership.

Nordson presently has a consensus price target of $326.57, indicating a potential downside of 1.71%. Lincoln Electric has a consensus price target of $307.22, indicating a potential upside of 9.01%. Given Lincoln Electric's stronger consensus rating and higher probable upside, analysts plainly believe Lincoln Electric is more favorable than Nordson.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Nordson
0 Sell rating(s)
3 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.63
Lincoln Electric
0 Sell rating(s)
4 Hold rating(s)
5 Buy rating(s)
1 Strong Buy rating(s)
2.70

Lincoln Electric has higher revenue and earnings than Nordson. Lincoln Electric is trading at a lower price-to-earnings ratio than Nordson, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Nordson$2.79B6.63$484.47M$9.8933.59
Lincoln Electric$4.23B3.63$520.53M$10.0128.15

72.1% of Nordson shares are held by institutional investors. Comparatively, 79.6% of Lincoln Electric shares are held by institutional investors. 0.8% of Nordson shares are held by company insiders. Comparatively, 1.7% of Lincoln Electric shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

In the previous week, Nordson had 10 more articles in the media than Lincoln Electric. MarketBeat recorded 37 mentions for Nordson and 27 mentions for Lincoln Electric. Lincoln Electric's average media sentiment score of 1.27 beat Nordson's score of 0.86 indicating that Lincoln Electric is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Nordson
16 Very Positive mention(s)
3 Positive mention(s)
13 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Lincoln Electric
25 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Nordson has a beta of 0.96, suggesting that its stock price is 4% less volatile than the broader market. Comparatively, Lincoln Electric has a beta of 1.2, suggesting that its stock price is 20% more volatile than the broader market.

Nordson pays an annual dividend of $3.28 per share and has a dividend yield of 1.0%. Lincoln Electric pays an annual dividend of $3.16 per share and has a dividend yield of 1.1%. Nordson pays out 33.2% of its earnings in the form of a dividend. Lincoln Electric pays out 31.6% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Nordson has increased its dividend for 62 consecutive years and Lincoln Electric has increased its dividend for 30 consecutive years. Lincoln Electric is clearly the better dividend stock, given its higher yield and lower payout ratio.

Nordson has a net margin of 18.63% compared to Lincoln Electric's net margin of 12.35%. Lincoln Electric's return on equity of 39.23% beat Nordson's return on equity.

Company Net Margins Return on Equity Return on Assets
Nordson18.63% 20.49% 10.88%
Lincoln Electric 12.35%39.23%15.25%

Summary

Lincoln Electric beats Nordson on 14 of the 19 factors compared between the two stocks.

How does Lincoln Electric compare to Donaldson?

Donaldson (NYSE:DCI) and Lincoln Electric (NASDAQ:LECO) are both large-cap industrials companies, but which is the superior stock? We will contrast the two businesses based on the strength of their risk, institutional ownership, dividends, profitability, media sentiment, analyst recommendations, earnings and valuation.

82.8% of Donaldson shares are held by institutional investors. Comparatively, 79.6% of Lincoln Electric shares are held by institutional investors. 2.2% of Donaldson shares are held by insiders. Comparatively, 1.7% of Lincoln Electric shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Donaldson pays an annual dividend of $1.28 per share and has a dividend yield of 1.4%. Lincoln Electric pays an annual dividend of $3.16 per share and has a dividend yield of 1.1%. Donaldson pays out 34.4% of its earnings in the form of a dividend. Lincoln Electric pays out 31.6% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Donaldson has increased its dividend for 38 consecutive years and Lincoln Electric has increased its dividend for 30 consecutive years. Donaldson is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Donaldson has a beta of 0.92, indicating that its share price is 8% less volatile than the broader market. Comparatively, Lincoln Electric has a beta of 1.2, indicating that its share price is 20% more volatile than the broader market.

Lincoln Electric has higher revenue and earnings than Donaldson. Donaldson is trading at a lower price-to-earnings ratio than Lincoln Electric, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Donaldson$3.69B2.93$367M$3.7225.05
Lincoln Electric$4.23B3.63$520.53M$10.0128.15

In the previous week, Lincoln Electric had 11 more articles in the media than Donaldson. MarketBeat recorded 27 mentions for Lincoln Electric and 16 mentions for Donaldson. Lincoln Electric's average media sentiment score of 1.27 beat Donaldson's score of 1.22 indicating that Lincoln Electric is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Donaldson
13 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Lincoln Electric
25 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Lincoln Electric has a net margin of 12.35% compared to Donaldson's net margin of 11.52%. Lincoln Electric's return on equity of 39.23% beat Donaldson's return on equity.

Company Net Margins Return on Equity Return on Assets
Donaldson11.52% 29.17% 14.98%
Lincoln Electric 12.35%39.23%15.25%

Donaldson presently has a consensus price target of $99.50, indicating a potential upside of 6.77%. Lincoln Electric has a consensus price target of $307.22, indicating a potential upside of 9.01%. Given Lincoln Electric's stronger consensus rating and higher probable upside, analysts plainly believe Lincoln Electric is more favorable than Donaldson.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Donaldson
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60
Lincoln Electric
0 Sell rating(s)
4 Hold rating(s)
5 Buy rating(s)
1 Strong Buy rating(s)
2.70

Summary

Lincoln Electric beats Donaldson on 16 of the 20 factors compared between the two stocks.

How does Lincoln Electric compare to Dover?

Dover (NYSE:DOV) and Lincoln Electric (NASDAQ:LECO) are both large-cap industrials companies, but which is the superior stock? We will compare the two businesses based on the strength of their institutional ownership, media sentiment, risk, earnings, dividends, valuation, profitability and analyst recommendations.

Dover has a net margin of 13.48% compared to Lincoln Electric's net margin of 12.35%. Lincoln Electric's return on equity of 39.23% beat Dover's return on equity.

Company Net Margins Return on Equity Return on Assets
Dover13.48% 18.32% 10.26%
Lincoln Electric 12.35%39.23%15.25%

Dover presently has a consensus target price of $238.29, indicating a potential upside of 17.99%. Lincoln Electric has a consensus target price of $307.22, indicating a potential upside of 9.01%. Given Dover's higher possible upside, research analysts clearly believe Dover is more favorable than Lincoln Electric.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Dover
0 Sell rating(s)
5 Hold rating(s)
10 Buy rating(s)
0 Strong Buy rating(s)
2.67
Lincoln Electric
0 Sell rating(s)
4 Hold rating(s)
5 Buy rating(s)
1 Strong Buy rating(s)
2.70

Dover has higher revenue and earnings than Lincoln Electric. Dover is trading at a lower price-to-earnings ratio than Lincoln Electric, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Dover$8.09B3.36$1.09B$8.3024.33
Lincoln Electric$4.23B3.63$520.53M$10.0128.15

84.5% of Dover shares are owned by institutional investors. Comparatively, 79.6% of Lincoln Electric shares are owned by institutional investors. 1.1% of Dover shares are owned by insiders. Comparatively, 1.7% of Lincoln Electric shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Dover pays an annual dividend of $2.08 per share and has a dividend yield of 1.0%. Lincoln Electric pays an annual dividend of $3.16 per share and has a dividend yield of 1.1%. Dover pays out 25.1% of its earnings in the form of a dividend. Lincoln Electric pays out 31.6% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Dover has raised its dividend for 70 consecutive years and Lincoln Electric has raised its dividend for 30 consecutive years.

Dover has a beta of 1.16, suggesting that its stock price is 16% more volatile than the broader market. Comparatively, Lincoln Electric has a beta of 1.2, suggesting that its stock price is 20% more volatile than the broader market.

In the previous week, Lincoln Electric had 9 more articles in the media than Dover. MarketBeat recorded 27 mentions for Lincoln Electric and 18 mentions for Dover. Dover's average media sentiment score of 1.40 beat Lincoln Electric's score of 1.27 indicating that Dover is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Dover
15 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Lincoln Electric
25 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Lincoln Electric beats Dover on 11 of the 20 factors compared between the two stocks.

How does Lincoln Electric compare to ESAB?

Lincoln Electric (NASDAQ:LECO) and ESAB (NYSE:ESAB) are both industrials companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, valuation, earnings, profitability, media sentiment, analyst recommendations, risk and institutional ownership.

Lincoln Electric has a net margin of 12.35% compared to ESAB's net margin of 5.75%. Lincoln Electric's return on equity of 39.23% beat ESAB's return on equity.

Company Net Margins Return on Equity Return on Assets
Lincoln Electric12.35% 39.23% 15.25%
ESAB 5.75%14.48%5.99%

Lincoln Electric has a beta of 1.2, meaning that its stock price is 20% more volatile than the broader market. Comparatively, ESAB has a beta of 1.19, meaning that its stock price is 19% more volatile than the broader market.

Lincoln Electric has higher revenue and earnings than ESAB. Lincoln Electric is trading at a lower price-to-earnings ratio than ESAB, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Lincoln Electric$4.23B3.63$520.53M$10.0128.15
ESAB$2.84B1.78$226.77M$2.7929.21

Lincoln Electric pays an annual dividend of $3.16 per share and has a dividend yield of 1.1%. ESAB pays an annual dividend of $0.48 per share and has a dividend yield of 0.6%. Lincoln Electric pays out 31.6% of its earnings in the form of a dividend. ESAB pays out 17.2% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Lincoln Electric has raised its dividend for 30 consecutive years and ESAB has raised its dividend for 3 consecutive years. Lincoln Electric is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Lincoln Electric currently has a consensus price target of $307.22, indicating a potential upside of 9.01%. ESAB has a consensus price target of $138.14, indicating a potential upside of 69.52%. Given ESAB's stronger consensus rating and higher possible upside, analysts plainly believe ESAB is more favorable than Lincoln Electric.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Lincoln Electric
0 Sell rating(s)
4 Hold rating(s)
5 Buy rating(s)
1 Strong Buy rating(s)
2.70
ESAB
0 Sell rating(s)
1 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.88

79.6% of Lincoln Electric shares are held by institutional investors. Comparatively, 91.1% of ESAB shares are held by institutional investors. 1.7% of Lincoln Electric shares are held by company insiders. Comparatively, 7.2% of ESAB shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

In the previous week, Lincoln Electric had 17 more articles in the media than ESAB. MarketBeat recorded 27 mentions for Lincoln Electric and 10 mentions for ESAB. Lincoln Electric's average media sentiment score of 1.27 beat ESAB's score of 0.92 indicating that Lincoln Electric is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Lincoln Electric
25 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
ESAB
7 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Lincoln Electric beats ESAB on 13 of the 20 factors compared between the two stocks.

How does Lincoln Electric compare to Graco?

Graco (NYSE:GGG) and Lincoln Electric (NASDAQ:LECO) are both large-cap industrials companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, risk, profitability, earnings, media sentiment, dividends, analyst recommendations and valuation.

Graco has a beta of 0.92, indicating that its stock price is 8% less volatile than the broader market. Comparatively, Lincoln Electric has a beta of 1.2, indicating that its stock price is 20% more volatile than the broader market.

93.9% of Graco shares are held by institutional investors. Comparatively, 79.6% of Lincoln Electric shares are held by institutional investors. 2.2% of Graco shares are held by insiders. Comparatively, 1.7% of Lincoln Electric shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

In the previous week, Lincoln Electric had 14 more articles in the media than Graco. MarketBeat recorded 27 mentions for Lincoln Electric and 13 mentions for Graco. Graco's average media sentiment score of 1.55 beat Lincoln Electric's score of 1.27 indicating that Graco is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Graco
13 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
Lincoln Electric
25 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Graco pays an annual dividend of $1.18 per share and has a dividend yield of 1.5%. Lincoln Electric pays an annual dividend of $3.16 per share and has a dividend yield of 1.1%. Graco pays out 37.1% of its earnings in the form of a dividend. Lincoln Electric pays out 31.6% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Graco has raised its dividend for 29 consecutive years and Lincoln Electric has raised its dividend for 30 consecutive years.

Graco has a net margin of 23.53% compared to Lincoln Electric's net margin of 12.35%. Lincoln Electric's return on equity of 39.23% beat Graco's return on equity.

Company Net Margins Return on Equity Return on Assets
Graco23.53% 19.54% 15.86%
Lincoln Electric 12.35%39.23%15.25%

Graco currently has a consensus target price of $95.00, indicating a potential upside of 17.55%. Lincoln Electric has a consensus target price of $307.22, indicating a potential upside of 9.01%. Given Graco's higher possible upside, analysts clearly believe Graco is more favorable than Lincoln Electric.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Graco
0 Sell rating(s)
5 Hold rating(s)
2 Buy rating(s)
0 Strong Buy rating(s)
2.29
Lincoln Electric
0 Sell rating(s)
4 Hold rating(s)
5 Buy rating(s)
1 Strong Buy rating(s)
2.70

Graco has higher earnings, but lower revenue than Lincoln Electric. Graco is trading at a lower price-to-earnings ratio than Lincoln Electric, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Graco$2.24B5.85$521.84M$3.1825.42
Lincoln Electric$4.23B3.63$520.53M$10.0128.15

Summary

Lincoln Electric beats Graco on 11 of the 20 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding LECO and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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LECO vs. The Competition

MetricLincoln ElectricMachinery IndustryIndustrials SectorNASDAQ Exchange
Market Cap$15.36B$11.49B$10.69B$12.85B
Dividend Yield1.12%2.18%97.23%10.78%
P/E Ratio28.1521.0126.6924.25
Price / Sales3.6365.96328.80100.86
Price / Cash23.8623.4224.4753.99
Price / Book9.884.134.496.20
Net Income$520.53M$358.84M$612.35M$348.59M
7 Day Performance-1.76%-0.54%-1.41%0.08%
1 Month Performance12.56%0.91%2.54%3.88%
1 Year Performance14.91%11.67%12.36%16.98%

Lincoln Electric Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
LECO
Lincoln Electric
4.7103 of 5 stars
$281.82
+1.8%
$307.22
+9.0%
+14.9%$15.36B$4.23B28.1512,000
NDSN
Nordson
3.5856 of 5 stars
$309.83
+0.4%
$311.29
+0.5%
+46.3%$17.20B$2.79B33.038,000
DCI
Donaldson
4.3822 of 5 stars
$94.78
-1.2%
$97.83
+3.2%
+23.0%$11.12B$3.81B25.4815,000
DOV
Dover
4.8409 of 5 stars
$206.71
-0.2%
$238.29
+15.3%
+10.4%$27.89B$8.09B24.9024,000
ESAB
ESAB
4.4637 of 5 stars
$82.06
-3.2%
$138.38
+68.6%
-30.5%$5.27B$2.84B29.4110,300

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This page (NASDAQ:LECO) was last updated on 8/23/2026 by MarketBeat.com Staff.
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