Lincoln Electric Holdings (LECO) Stock Overview
Through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 6/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
LECO Community Fair Values
Create NarrativeSee what 17 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Lincoln Electric Holdings, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$260.51 |
| 52 Week High | US$310.00 |
| 52 Week Low | US$188.65 |
| Beta | 1.25 |
| 1 Month Change | 0.40% |
| 3 Month Change | -9.58% |
| 1 Year Change | 34.03% |
| 3 Year Change | 54.56% |
| 5 Year Change | 103.05% |
| Change since IPO | 14,786.29% |
Recent News & Updates
Narrative Update • Apr 29
LECO: Pricing Power And Share Repurchases Are Expected To Support Upside
Analysts have trimmed the implied fair value for Lincoln Electric Holdings to about $290 from roughly $308, reflecting updated price targets that balance earlier target increases with more recent reductions and slightly adjusted assumptions for growth, margins, discount rate, and future P/E. Analyst Commentary Recent research on Lincoln Electric Holdings shows a mix of upbeat and cautious views, with several firms updating price targets and ratings in response to new information and refreshed models.
Narrative Update • Apr 15
LECO: Future Earnings Execution And Buybacks Will Support Upside Potential
Analyst price targets for Lincoln Electric Holdings have recently been adjusted in both directions, with several firms raising and others lowering their targets by $7 to $60. These changes reflect analysts updating their views following recent earnings, model revisions, and expectations around selling prices and industrial recovery through 2026.Recent updates
Narrative Update • Apr 29
LECO: Pricing Power And Share Repurchases Are Expected To Support Upside
Analysts have trimmed the implied fair value for Lincoln Electric Holdings to about $290 from roughly $308, reflecting updated price targets that balance earlier target increases with more recent reductions and slightly adjusted assumptions for growth, margins, discount rate, and future P/E. Analyst Commentary Recent research on Lincoln Electric Holdings shows a mix of upbeat and cautious views, with several firms updating price targets and ratings in response to new information and refreshed models.Narrative Update • Apr 15
LECO: Future Earnings Execution And Buybacks Will Support Upside Potential
Analyst price targets for Lincoln Electric Holdings have recently been adjusted in both directions, with several firms raising and others lowering their targets by $7 to $60. These changes reflect analysts updating their views following recent earnings, model revisions, and expectations around selling prices and industrial recovery through 2026.Narrative Update • Apr 01
LECO: Higher Earnings Power And Buybacks Will Drive Future Upside
Analysts have adjusted the price target on Lincoln Electric Holdings to $340 from $290, reflecting updated assumptions for revenue growth, profit margins, and future P/E after a series of mixed target moves and rating changes across the Street. Analyst Commentary Recent research highlights a mix of optimism and caution around Lincoln Electric Holdings, with several bullish analysts lifting price targets while a few take a more restrained stance.Narrative Update • Mar 17
LECO: Pricing Power And Industrial Recovery Are Expected To Support Upside
Analysts have lifted the fair value estimate for Lincoln Electric Holdings to $308.30 from $262.60, reflecting higher Street price targets that cite potential 2026 EPS upside from selling prices and an industrial recovery. Analyst Commentary Recent research commentary on Lincoln Electric points to a mix of constructive and cautious views, with several firms adjusting price targets after recent results and updated models.
Narrative Update • Mar 03
LECO: Pricing And Industrial Recovery Assumptions Will Likely Overstate Future EPS Potential
Analysts have nudged their implied price target for Lincoln Electric higher, with the modeled fair value estimate rising about $3 to $226.74, citing updated assumptions around selling prices, an expected industrial recovery, and refreshed post-earnings forecasts across several research desks. Analyst Commentary Price target moves around Lincoln Electric have generally been upward, but the tone is not universally bullish.Narrative Update • Feb 17
LECO: Pricing And Industrial Recovery Assumptions Will Likely Pressure Future EPS Delivery
Analysts have lifted their fair value estimate for Lincoln Electric Holdings to $224 from $208, citing higher Street price targets and updated models that factor in potential EPS support from selling prices and a possible future industrial recovery. Analyst Commentary Street research on Lincoln Electric has tilted more constructive on fair value, but there are still some clear points of caution that you should keep in mind when you think about risk, execution, and where the shares are trading relative to those new targets.Narrative Update • Feb 03
LECO: Elevated Profit Assumptions Will Likely Expose Execution And Margin Risks
Analysts have kept their average price target for Lincoln Electric at about US$208, with recent small upward and downward revisions based on updated assumptions for revenue growth, profit margins and future P/E expectations. Analyst Commentary Even with the average price target sitting around US$208, bearish analysts are still flagging some key risks around how Lincoln Electric is currently valued and how it might execute on its plans.Narrative Update • Jan 20
LECO: Rich Multiple Will Likely Struggle As Execution Risks Intensify
Analysts have trimmed their price target on Lincoln Electric Holdings by $1 to $208. This reflects updated modeling around discount rate assumptions, revenue growth expectations, profit margins and future P/E estimates across the machinery and construction coverage universe.Narrative Update • Jan 06
LECO: Automation And Electrification Trends Will Support Balanced Outlook With Q3 Sector Tailwinds
Analysts have trimmed their fair value estimate for Lincoln Electric Holdings slightly from about US$263.90 to US$262.60, citing updated assumptions on profit margins, discount rates and future P/E after recent price target moves, such as Barclays lifting its target to US$260 in its Q3 machinery and construction group preview. Analyst Commentary Recent research updates give you a snapshot of how the Street is framing Lincoln Electric Holdings right now, especially around valuation and execution against expectations.Seeking Alpha • Dec 25
Lincoln Electric: Still Excellent, Just Not Compelling (Rating Downgrade)
Summary Lincoln Electric (LECO) has surged nearly 50% on expectations of cyclical recovery and sustained organic growth in 2026. LECO should see broad improvement across its general industrial end-markets, as well as better conditions in construction/infrastructure and automation, while heavy industry and HVAC could be softer. I project 6%+ revenue growth and incremental margin expansion in 2026, followed by ongoing mid-single-digit revenue growth and further margin and free cash flow leverage. Discounted cash flow and EV/EBITDA analyses suggest the shares are no bargain, which is pretty typical when investors are no longer worried about the cycle. Read the full article on Seeking AlphaNarrative Update • Dec 14
LECO: Premium Pricing Will Likely Struggle As Capital Spending Cycle Normalizes
Analysts have raised their fair value estimate for Lincoln Electric Holdings to $209 from $189, citing improving inventory dynamics across machinery and renewed opportunity in relative laggards that support higher expected revenue growth and a modestly higher future earnings multiple, despite a slightly higher discount rate and marginally lower profit margin forecast. Analyst Commentary Recent research updates signal that, while the fundamental backdrop for Lincoln Electric remains constructive, not all observers are uniformly optimistic.Analysis Article • Dec 01
Here's Why Lincoln Electric Holdings (NASDAQ:LECO) Has Caught The Eye Of Investors
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Narrative Update • Nov 30
LECO: Automation and Electrification Trends Will Sustain Balanced Outlook Amid Industry Rotation
Analysts have lifted Lincoln Electric Holdings' price target from $235 to $260 per share, citing improved inventory trends as well as robust demand for automation and electrification solutions. Analyst Commentary Recent analyst updates reflect heightened optimism regarding Lincoln Electric Holdings, but some caution remains due to broader sector trends.Analysis Article • Nov 20
What Is Lincoln Electric Holdings, Inc.'s (NASDAQ:LECO) Share Price Doing?
Today we're going to take a look at the well-established Lincoln Electric Holdings, Inc. ( NASDAQ:LECO ). The company's...Narrative Update • Nov 16
LECO: Automation Demand Will Drive Outperformance Amid Improving Inventory Trends
Analysts have raised their price target for Lincoln Electric Holdings from $260.60 to $263.90. They cite improving industry inventories and strong positioning in automation as key drivers for the updated outlook.Narrative Update • Oct 31
LECO: Accelerating Automation Demand Will Drive Share Price Momentum
Analysts have raised their fair value estimate for Lincoln Electric Holdings to $260.60 from $259.70. They cite stronger revenue growth expectations and optimism around improving inventories and global automation demand in the machinery sector.Analysis Article • Oct 28
Lincoln Electric Holdings (NASDAQ:LECO) Will Pay A Larger Dividend Than Last Year At $0.79
Lincoln Electric Holdings, Inc. ( NASDAQ:LECO ) will increase its dividend from last year's comparable payment on the...Narrative Update • Oct 17
Automation And Advanced Welding Will Stimulate Future Demand
Analysts have increased their fair value estimate for Lincoln Electric Holdings from $256.30 to $259.70. They cite optimism around the company's positioning in automation and electrification trends as factors driving future growth.Analysis Article • Sep 26
Calculating The Intrinsic Value Of Lincoln Electric Holdings, Inc. (NASDAQ:LECO)
Key Insights Lincoln Electric Holdings' estimated fair value is US$220 based on 2 Stage Free Cash Flow to Equity...Narrative Update • Sep 21
Automation And Advanced Welding Will Stimulate Future Demand
Lincoln Electric Holdings’ Analyst Price Target saw a marginal increase to $256.30, reflecting little change in forward P/E and revenue growth expectations, which remain stable. What's in the News Lincoln Electric Holdings is actively seeking acquisitions both in the U.S. and internationally to drive growth, with a focus on expanding its automation segment.Narrative Update • Sep 06
Automation And Advanced Welding Will Stimulate Future Demand
Lincoln Electric Holdings’ fair value outlook remains stable, as both its future P/E ratio and discount rate were virtually unchanged, resulting in only a slight increase in the consensus analyst price target from $250.50 to $253.67. What's in the News Lincoln Electric is actively seeking acquisitions for both domestic and international growth, emphasizing expansion in its automation business.Analysis Article • Aug 03
Lincoln Electric Holdings, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Lincoln Electric Holdings, Inc. ( NASDAQ:LECO ) defied analyst predictions to release its quarterly results, which were...Analysis Article • Jul 09
Lincoln Electric Holdings (NASDAQ:LECO) Has A Pretty Healthy Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Analysis Article • Jun 12
Lincoln Electric Holdings (NASDAQ:LECO) Looks To Prolong Its Impressive Returns
To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...Seeking Alpha • Feb 09
Lincoln Electric: Sparking Value In A Challenging Market
Summary Lincoln Electric (LECO) is a legacy brand with strong R&D focus, offering innovative welding technology and industrial solutions, making it a compelling Buy. LECO's undervaluation, robust financial performance, and promising industry growth prospects support the Buy rating. Despite short-term revenue dips, LECO's stable margins, strong brand, and global distribution network ensure long-term growth potential. LECO's strategic cost management, dividend growth, and share repurchases enhance shareholder value and provide financial flexibility. Read the full article on Seeking AlphaSeeking Alpha • Jan 02
Lincoln Electric: Favorable Outlook For Welding
Summary Lincoln Electric's Q3 2024 results saw sales volume declining by 8.7% Y/y due to slower OEM demand and inventory destocking. In response, Lincoln has continued to focus on new product initiatives like the handheld laser system and Cobot that could disrupt competitors and gain new market share. With a base upside potential of ~9% at the current valuation, LECO's downside risks appear to have been priced in and offer a favorable risk-reward profile for long-term investors. Read the full article on Seeking AlphaSeeking Alpha • Dec 21
Lincoln Electric Holdings: A Dividend Aristocrat To Add To Your Shopping List
Summary Lincoln Electric Holdings, Inc. is a leader in the welding industry with a strong dividend growth profile and solid balance sheet, but currently appears slightly overvalued. Despite facing volatility due to high interest rates and lower market demand, LECO has managed to maintain profitability and increase gross profit margins through cost-cutting measures. The company has a conservative payout ratio, strong cash flow, and has been actively repurchasing shares, making it an attractive option for dividend growth investors. Given the current market conditions and potential risks, I recommend waiting for a further pullback in LECO's share price to the low $170s before buying. Read the full article on Seeking AlphaSeeking Alpha • Nov 23
Lincoln Electric: Unloved And Ripe To Buy
Summary Lincoln Electric has exceptional returns on capital and a history of intelligent capital deployment. LECO's specialized market position and high operating margins provide a competitive edgr over peers. Valuations are now within 1 standard deviation of 5yr averages providing adequate margin of safety when put against forward growth. Read the full article on Seeking AlphaShareholder Returns
| LECO | US Machinery | US Market | |
|---|---|---|---|
| 7D | -1.8% | -2.6% | -0.3% |
| 1Y | 34.0% | 40.4% | 26.7% |
Return vs Industry: LECO matched the US Machinery industry which returned 34.5% over the past year.
Return vs Market: LECO exceeded the US Market which returned 23.3% over the past year.
Price Volatility
| LECO volatility | |
|---|---|
| LECO Average Weekly Movement | 4.0% |
| Machinery Industry Average Movement | 6.7% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: LECO has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: LECO's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1895 | 12,000 | Steve Hedlund | www.lincolnelectric.com |
Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products in the United States and internationally. It operates in three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, specialty gas regulators, and education solutions; and a portfolio of automated solutions and system integration services for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business.
Lincoln Electric Holdings, Inc. Fundamentals Summary
| LECO fundamental statistics | |
|---|---|
| Market cap | US$13.91b |
| Earnings (TTM) | US$538.43m |
| Revenue (TTM) | US$4.35b |
26.5x
P/E Ratio3.3x
P/S RatioIs LECO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LECO income statement (TTM) | |
|---|---|
| Revenue | US$4.35b |
| Cost of Revenue | US$2.78b |
| Gross Profit | US$1.57b |
| Other Expenses | US$1.03b |
| Earnings | US$538.43m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 9.83 |
| Gross Margin | 36.14% |
| Net Profit Margin | 12.38% |
| Debt/Equity Ratio | 86.9% |
How did LECO perform over the long term?
See historical performance and comparisonDividends
1.2%
Current Dividend Yield32%
Payout RatioDoes LECO pay a reliable dividends?
See LECO dividend history and benchmarks| Lincoln Electric Holdings dividend dates | |
|---|---|
| Ex Dividend Date | Jun 30 2026 |
| Dividend Pay Date | Jul 15 2026 |
| Days until Ex dividend | 39 days |
| Days until Dividend pay date | 54 days |
Does LECO pay a reliable dividends?
See LECO dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/20 15:41 |
| End of Day Share Price | 2026/05/20 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Lincoln Electric Holdings, Inc. is covered by 21 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mircea Dobre | Baird |
| Adam Seiden | Barclays |
| Walter Liptak | Barrington Research Associates, Inc. |