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Lincoln Electric (LECO) Competitors

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$261.31 +11.09 (+4.43%)
Closing price 07/31/2026 04:00 PM Eastern
Extended Trading
$260.65 -0.66 (-0.25%)
As of 07/31/2026 07:34 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

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

Should you buy Lincoln Electric stock or one of its competitors? MarketBeat compares Lincoln Electric with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Lincoln Electric include Nordson (NDSN), Donaldson (DCI), Dover (DOV), ESAB (ESAB), and Graco (GGG). These companies are all part of the "industrials" sector.

How does Lincoln Electric compare to Nordson?

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

Lincoln Electric pays an annual dividend of $3.16 per share and has a dividend yield of 1.2%. Nordson pays an annual dividend of $3.28 per share and has a dividend yield of 1.1%. Lincoln Electric pays out 31.6% of its earnings in the form of a dividend. Nordson pays out 35.0% 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 increased its dividend for 30 consecutive years and Nordson has increased its dividend for 62 consecutive years. Lincoln Electric is clearly the better dividend stock, given its higher yield and lower payout ratio.

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
Lincoln Electric$4.23B3.38$520.53M$10.0126.10
Nordson$2.79B5.94$484.47M$9.3831.75

79.6% of Lincoln Electric shares are owned by institutional investors. Comparatively, 72.1% of Nordson shares are owned by institutional investors. 1.7% of Lincoln Electric shares are owned by insiders. Comparatively, 0.8% of Nordson shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

In the previous week, Lincoln Electric had 9 more articles in the media than Nordson. MarketBeat recorded 19 mentions for Lincoln Electric and 10 mentions for Nordson. Nordson's average media sentiment score of 1.25 beat Lincoln Electric's score of 1.07 indicating that Nordson is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Lincoln Electric
10 Very Positive mention(s)
1 Positive mention(s)
7 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Nordson
9 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Lincoln Electric presently has a consensus price target of $299.38, suggesting a potential upside of 14.57%. Nordson has a consensus price target of $311.29, suggesting a potential upside of 4.54%. Given Lincoln Electric's 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
Lincoln Electric
1 Sell rating(s)
3 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.44
Nordson
0 Sell rating(s)
3 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.63

Nordson has a net margin of 18.19% 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
Lincoln Electric12.35% 39.23% 15.25%
Nordson 18.19%20.08%10.39%

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

Summary

Lincoln Electric beats Nordson on 12 of the 18 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 investment? We will contrast the two businesses based on the strength of their analyst recommendations, institutional ownership, profitability, valuation, dividends, earnings, risk and media sentiment.

Donaldson has a beta of 0.92, suggesting that its stock price is 8% 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.

Donaldson currently has a consensus price target of $97.83, suggesting a potential upside of 3.65%. Lincoln Electric has a consensus price target of $299.38, suggesting a potential upside of 14.57%. Given Lincoln Electric's 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
1 Sell rating(s)
3 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.44

82.8% of Donaldson shares are owned by institutional investors. Comparatively, 79.6% of Lincoln Electric shares are owned by institutional investors. 2.2% of Donaldson shares are owned by insiders. Comparatively, 1.7% of Lincoln Electric shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers 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 1.2%. 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.

In the previous week, Lincoln Electric had 11 more articles in the media than Donaldson. MarketBeat recorded 19 mentions for Lincoln Electric and 8 mentions for Donaldson. Donaldson's average media sentiment score of 1.15 beat Lincoln Electric's score of 1.07 indicating that Donaldson is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Donaldson
5 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive
Lincoln Electric
10 Very Positive mention(s)
1 Positive mention(s)
7 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

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$3.69B2.96$367M$3.7225.37
Lincoln Electric$4.23B3.38$520.53M$10.0126.10

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%

Summary

Lincoln Electric beats Donaldson on 13 of the 19 factors compared between the two stocks.

How does Lincoln Electric compare to Dover?

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

Lincoln Electric currently has a consensus price target of $299.38, suggesting a potential upside of 14.57%. Dover has a consensus price target of $238.29, suggesting a potential upside of 16.32%. Given Dover's stronger consensus rating and higher probable upside, analysts clearly believe Dover is more favorable than Lincoln Electric.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Lincoln Electric
1 Sell rating(s)
3 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.44
Dover
0 Sell rating(s)
5 Hold rating(s)
10 Buy rating(s)
0 Strong Buy rating(s)
2.67

In the previous week, Lincoln Electric had 11 more articles in the media than Dover. MarketBeat recorded 19 mentions for Lincoln Electric and 8 mentions for Dover. Lincoln Electric's average media sentiment score of 1.07 beat Dover's score of 0.83 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
10 Very Positive mention(s)
1 Positive mention(s)
7 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Dover
5 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

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
Lincoln Electric12.35% 39.23% 15.25%
Dover 13.48%18.32%10.26%

Lincoln Electric pays an annual dividend of $3.16 per share and has a dividend yield of 1.2%. Dover pays an annual dividend of $2.08 per share and has a dividend yield of 1.0%. Lincoln Electric pays out 31.6% of its earnings in the form of a dividend. Dover pays out 25.1% 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 Dover has raised its dividend for 70 consecutive years.

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
Lincoln Electric$4.23B3.38$520.53M$10.0126.10
Dover$8.09B3.41$1.09B$8.3024.68

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

79.6% of Lincoln Electric shares are owned by institutional investors. Comparatively, 84.5% of Dover shares are owned by institutional investors. 1.7% of Lincoln Electric shares are owned by company insiders. Comparatively, 1.1% of Dover shares are owned 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.

Summary

Dover beats Lincoln Electric on 10 of the 19 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 better stock? We will compare the two companies based on the strength of their analyst recommendations, media sentiment, dividends, earnings, valuation, profitability, risk and institutional ownership.

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

Lincoln Electric presently has a consensus price target of $299.38, suggesting a potential upside of 14.57%. ESAB has a consensus price target of $138.38, suggesting a potential upside of 59.66%. 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
1 Sell rating(s)
3 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.44
ESAB
0 Sell rating(s)
2 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.80

Lincoln Electric has higher revenue and earnings than ESAB. ESAB 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
Lincoln Electric$4.23B3.38$520.53M$10.0126.10
ESAB$2.84B1.86$226.77M$3.3825.64

In the previous week, Lincoln Electric had 15 more articles in the media than ESAB. MarketBeat recorded 19 mentions for Lincoln Electric and 4 mentions for ESAB. Lincoln Electric's average media sentiment score of 1.07 beat ESAB's score of 0.39 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
10 Very Positive mention(s)
1 Positive mention(s)
7 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
ESAB
2 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Lincoln Electric pays an annual dividend of $3.16 per share and has a dividend yield of 1.2%. 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 14.2% 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 has a net margin of 12.35% compared to ESAB's net margin of 7.11%. 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 7.11%15.04%6.66%

79.6% of Lincoln Electric shares are owned by institutional investors. Comparatively, 91.1% of ESAB shares are owned by institutional investors. 1.7% of Lincoln Electric shares are owned by insiders. Comparatively, 7.2% of ESAB shares are owned 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.

Summary

Lincoln Electric beats ESAB on 13 of the 19 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 superior business? We will contrast the two businesses based on the strength of their media sentiment, risk, institutional ownership, valuation, profitability, earnings, analyst recommendations and dividends.

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 has a beta of 0.92, suggesting that its share price is 8% less volatile than the broader market. Comparatively, Lincoln Electric has a beta of 1.2, suggesting that its share 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 endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

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 1.2%. 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 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$2.24B5.75$521.84M$3.1824.99
Lincoln Electric$4.23B3.38$520.53M$10.0126.10

In the previous week, Lincoln Electric had 4 more articles in the media than Graco. MarketBeat recorded 19 mentions for Lincoln Electric and 15 mentions for Graco. Lincoln Electric's average media sentiment score of 1.07 beat Graco's score of 0.98 indicating that Lincoln Electric is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Graco
9 Very Positive mention(s)
2 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Lincoln Electric
10 Very Positive mention(s)
1 Positive mention(s)
7 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Graco presently has a consensus target price of $95.00, suggesting a potential upside of 19.53%. Lincoln Electric has a consensus target price of $299.38, suggesting a potential upside of 14.57%. Given Graco's higher possible upside, equities research analysts plainly 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
1 Sell rating(s)
3 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.44

Summary

Lincoln Electric beats Graco on 11 of the 19 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$14.32B$11.40B$10.62B$12.47B
Dividend Yield1.21%2.19%120.66%10.03%
P/E Ratio26.1020.0727.5124.53
Price / Sales3.3863.44310.7290.70
Price / Cash22.1323.3224.0746.71
Price / Book9.784.404.726.07
Net Income$520.53M$357.12M$610.65M$348.34M
7 Day Performance3.91%-0.17%0.25%0.09%
1 Month Performance1.11%-1.90%-2.39%-5.17%
1 Year Performance8.36%12.44%12.50%18.61%

Lincoln Electric Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
LECO
Lincoln Electric
4.8364 of 5 stars
$261.31
+4.4%
$299.38
+14.6%
+8.4%$14.32B$4.23B26.1012,000
NDSN
Nordson
4.1989 of 5 stars
$297.39
+0.5%
$311.29
+4.7%
+42.3%$16.48B$2.79B31.708,000
DCI
Donaldson
3.8092 of 5 stars
$93.18
+0.4%
$97.83
+5.0%
+33.2%$10.76B$3.69B25.0515,000
DOV
Dover
4.8994 of 5 stars
$205.80
+1.8%
$238.29
+15.8%
+17.1%$27.23B$8.09B24.7924,000
ESAB
ESAB
4.419 of 5 stars
$88.37
+4.7%
$138.38
+56.6%
-33.6%$5.14B$2.84B26.1410,300

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This page (NASDAQ:LECO) was last updated on 8/2/2026 by MarketBeat.com Staff.
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