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Lincoln Electric (LECO) Competitors

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$253.06 +2.00 (+0.80%)
Closing price 09/11/2026 04:00 PM Eastern
Extended Trading
$252.29 -0.77 (-0.30%)
As of 09/11/2026 07:30 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? 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 business? We will contrast the two companies based on the strength of their dividends, valuation, analyst recommendations, media sentiment, institutional ownership, risk, profitability and earnings.

Nordson has a beta of 0.97, suggesting that its share price is 3% less volatile than the broader market. Comparatively, Lincoln Electric has a beta of 1.21, suggesting that its share price is 21% more volatile than the broader market.

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

Nordson pays an annual dividend of $3.76 per share and has a dividend yield of 1.2%. Lincoln Electric pays an annual dividend of $3.16 per share and has a dividend yield of 1.2%. Nordson pays out 38.0% 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.

In the previous week, Nordson and Nordson both had 7 articles in the media. Lincoln Electric's average media sentiment score of 1.15 beat Nordson's score of 0.88 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
5 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Lincoln Electric
2 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Nordson currently has a consensus price target of $326.57, indicating a potential upside of 3.85%. Lincoln Electric has a consensus price target of $307.22, indicating a potential upside of 21.40%. Given Lincoln Electric's stronger consensus rating and higher probable upside, analysts clearly 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

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%

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$2.98B5.88$484.47M$9.8931.80
Lincoln Electric$4.23B3.26$520.53M$10.0125.28

Summary

Lincoln Electric beats Nordson on 14 of the 18 factors compared between the two stocks.

How does Lincoln Electric compare to Donaldson?

Lincoln Electric (NASDAQ:LECO) and Donaldson (NYSE:DCI) 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, analyst recommendations, institutional ownership, earnings, media sentiment, risk, dividends and valuation.

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
Lincoln Electric$4.23B3.26$520.53M$10.0125.28
Donaldson$3.89B2.66$453.80M$3.8523.16

In the previous week, Lincoln Electric had 3 more articles in the media than Donaldson. MarketBeat recorded 7 mentions for Lincoln Electric and 4 mentions for Donaldson. Lincoln Electric's average media sentiment score of 1.15 beat Donaldson's score of 1.02 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
2 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Donaldson
2 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Lincoln Electric pays an annual dividend of $3.16 per share and has a dividend yield of 1.2%. Donaldson pays an annual dividend of $1.28 per share and has a dividend yield of 1.4%. Lincoln Electric pays out 31.6% of its earnings in the form of a dividend. Donaldson pays out 33.2% 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 Donaldson has raised its dividend for 38 consecutive years. Donaldson 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 Donaldson's net margin of 11.68%. Lincoln Electric's return on equity of 39.23% beat Donaldson's return on equity.

Company Net Margins Return on Equity Return on Assets
Lincoln Electric12.35% 39.23% 15.25%
Donaldson 11.68%28.68%14.27%

79.6% of Lincoln Electric shares are owned by institutional investors. Comparatively, 82.8% of Donaldson shares are owned by institutional investors. 1.7% of Lincoln Electric shares are owned by company insiders. Comparatively, 2.2% of Donaldson shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Lincoln Electric has a beta of 1.21, meaning that its stock price is 21% more volatile than the broader market. Comparatively, Donaldson has a beta of 0.92, meaning that its stock price is 8% less volatile than the broader market.

Lincoln Electric presently has a consensus price target of $307.22, suggesting a potential upside of 21.40%. Donaldson has a consensus price target of $101.00, suggesting a potential upside of 13.29%. Given Lincoln Electric's stronger consensus rating and higher possible upside, equities research analysts plainly believe Lincoln Electric is more favorable than Donaldson.

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
Donaldson
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60

Summary

Lincoln Electric beats Donaldson on 16 of the 20 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 stock? We will compare the two companies based on the strength of their profitability, media sentiment, risk, valuation, dividends, analyst recommendations, earnings and institutional ownership.

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%

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$4.23B3.26$520.53M$10.0125.28
Dover$8.09B3.14$1.09B$8.3022.76

79.6% of Lincoln Electric shares are held by institutional investors. Comparatively, 84.5% of Dover shares are held by institutional investors. 1.7% of Lincoln Electric shares are held by insiders. Comparatively, 1.1% of Dover shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Lincoln Electric has a beta of 1.21, meaning that its share price is 21% more volatile than the broader market. Comparatively, Dover has a beta of 1.15, meaning that its share price is 15% more volatile than the broader market.

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 $2.10 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. Dover pays out 25.3% 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.

Lincoln Electric currently has a consensus target price of $307.22, indicating a potential upside of 21.40%. Dover has a consensus target price of $238.29, indicating a potential upside of 26.12%. Given Dover's higher probable upside, analysts plainly believe Dover 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
Dover
0 Sell rating(s)
5 Hold rating(s)
10 Buy rating(s)
0 Strong Buy rating(s)
2.67

In the previous week, Dover had 3 more articles in the media than Lincoln Electric. MarketBeat recorded 10 mentions for Dover and 7 mentions for Lincoln Electric. Dover's average media sentiment score of 1.37 beat Lincoln Electric's score of 1.15 indicating that Dover is being referred to more favorably in the news media.

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

Summary

Lincoln Electric and Dover tied by winning 10 of the 20 factors compared between the two stocks.

How does Lincoln Electric compare to ESAB?

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

ESAB presently has a consensus target price of $138.14, indicating a potential upside of 95.57%. Lincoln Electric has a consensus target price of $307.22, indicating a potential upside of 21.40%. Given ESAB's stronger consensus rating and higher possible upside, research analysts clearly believe ESAB is more favorable than Lincoln Electric.

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

In the previous week, ESAB and ESAB both had 7 articles in the media. Lincoln Electric's average media sentiment score of 1.15 beat ESAB's score of 0.72 indicating that Lincoln Electric is being referred to more favorably in the news media.

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

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
ESAB$3.00B1.46$226.77M$2.7925.32
Lincoln Electric$4.23B3.26$520.53M$10.0125.28

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
ESAB5.75% 14.48% 5.99%
Lincoln Electric 12.35%39.23%15.25%

91.1% of ESAB shares are owned by institutional investors. Comparatively, 79.6% of Lincoln Electric shares are owned by institutional investors. 7.2% of ESAB 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 stock will outperform the market over the long term.

ESAB pays an annual dividend of $0.48 per share and has a dividend yield of 0.7%. Lincoln Electric pays an annual dividend of $3.16 per share and has a dividend yield of 1.2%. ESAB pays out 17.2% 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. ESAB has increased its dividend for 3 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 longer track record of dividend growth.

ESAB has a beta of 1.17, indicating that its stock price is 17% more volatile than the broader market. Comparatively, Lincoln Electric has a beta of 1.21, indicating that its stock price is 21% more volatile than the broader market.

Summary

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

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$2.24B5.55$521.84M$3.1824.12
Lincoln Electric$4.23B3.26$520.53M$10.0125.28

Graco has a beta of 0.92, meaning that its stock price is 8% less volatile than the broader market. Comparatively, Lincoln Electric has a beta of 1.21, meaning that its stock price is 21% more volatile than the broader market.

Graco presently has a consensus target price of $95.00, suggesting a potential upside of 23.88%. Lincoln Electric has a consensus target price of $307.22, suggesting a potential upside of 21.40%. 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
0 Sell rating(s)
4 Hold rating(s)
5 Buy rating(s)
1 Strong Buy rating(s)
2.70

In the previous week, Graco had 6 more articles in the media than Lincoln Electric. MarketBeat recorded 13 mentions for Graco and 7 mentions for Lincoln Electric. Graco's average media sentiment score of 1.29 beat Lincoln Electric's score of 1.15 indicating that Graco is being referred to more favorably in the media.

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

93.9% of Graco shares are owned by institutional investors. Comparatively, 79.6% of Lincoln Electric shares are owned by institutional investors. 2.2% of Graco shares are owned by company insiders. Comparatively, 1.7% of Lincoln Electric shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

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 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.

Summary

Graco and Lincoln Electric tied by winning 10 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$13.68B$11.20B$10.18B$12.71B
Dividend Yield1.26%2.26%97.17%11.16%
P/E Ratio25.2821.3325.7525.27
Price / Sales3.26732.72462.0988.20
Price / Cash21.2622.7323.7151.44
Price / Book9.474.304.846.20
Net Income$520.53M$365.71M$612.22M$358.27M
7 Day Performance-8.46%-1.93%-1.56%-2.36%
1 Month Performance-11.82%-2.95%-3.86%-2.77%
1 Year Performance5.83%8.58%6.34%7.64%

Lincoln Electric Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
LECO
Lincoln Electric
4.8908 of 5 stars
$253.06
+0.8%
$307.22
+21.4%
+4.2%$13.68B$4.23B25.2812,000
NDSN
Nordson
4.1749 of 5 stars
$321.72
-0.9%
$326.57
+1.5%
+37.9%$18.08B$2.79B32.538,000
DCI
Donaldson
4.6344 of 5 stars
$90.96
-1.0%
$101.00
+11.0%
+9.3%$10.65B$3.89B23.6315,000
DOV
Dover
4.8382 of 5 stars
$193.89
-2.4%
$238.29
+22.9%
+6.1%$26.76B$8.09B23.3624,000
ESAB
ESAB
4.7007 of 5 stars
$75.53
-1.2%
$138.14
+82.9%
-37.5%$4.75B$2.84B27.0710,300

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This page (NASDAQ:LECO) was last updated on 9/12/2026 by MarketBeat.com Staff.
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