Symbols / LECO Stock $260.00 -1.20% Lincoln Electric Holdings, Inc.

Industrials • Tools & Accessories • United States • NMS
LECO (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Tools & Accessories
CEO Mr. Steven B. Hedlund
Exch · Country NMS · United States
Market Cap 14.25B
Enterprise Value 15.29B
Income 520.53M
Sales 4.23B
FCF (ttm) 281.08M
Book/sh 26.80
Cash/sh 5.63
Employees 12,000
Insider 10d —
IPO Apr 07, 1994
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 32.62%
P/E 27.93
Forward P/E 21.90
PEG 1.72
P/S 3.37
P/B 9.70
P/C —
EV/EBITDA 18.90
EV/Sales 3.61
Quick Ratio 0.97
Current Ratio 1.82
Debt/Eq 91.68
LT Debt/Eq —
EPS (ttm) 9.31
EPS next Y 11.87
EPS Growth -0.30%
Revenue Growth 5.50%
EPS Gr Q/Q -3.00%
Rev Gr Q/Q —
Earnings (next) 2026-04-30
Earnings (prior) 2026-02-12
ROA 12.17%
ROE 37.22%
ROIC —
Gross Margin 36.34%
Oper. Margin 17.01%
Profit Margin 12.30%
Shs Outstand 54.82M
Shs Float 53.70M
Insider Own 1.51%
Instit Own 81.27%
Short Float 1.54%
Short Ratio 1.89
Short Interest 743.85K
52W High 310.00
vs 52W High -16.13%
52W Low 170.01
vs 52W Low 52.93%
Beta 1.29
Impl. Vol. 46.98%
Rel Volume 0.70
Avg Volume 390.78K
Volume 271.78K
Target (mean) $290.44
Tgt Median $280.00
Tgt Low $224.00
Tgt High $340.00
# Analysts 9
Recom Buy
Prev Close $263.17
Price $260.00
Change -1.20%
About

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. It also provides mobile power solutions, including vehicle-mounted compressors, generators, welders, hydraulics, charger/boosters, and electrified power equipment; automated welding system and solutions; and specialty welding consumables, wear plates, and maintenance and repair services for alloy and wear-resistant products, as well as develops and integrates autonomous guided vehicles and mobile robots, custom assembly and test systems, and proprietary manufacturing execution system software. The company serves general fabrication, oil and gas, power generation, process, automotive and transportation, and construction and infrastructure industries, as well as heavy fabrication, ship building, and maintenance and repair markets. It sells its products directly to users of welding products, including OEMs, manufacturers, and integrators, as well as through industrial distributors, retailers, and agents. Lincoln Electric Holdings, Inc. was founded in 1895 and is headquartered in Cleveland, Ohio.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$290.44
Mean price target
2. Current target
$260.00
Latest analyst target
3. DCF / Fair value
$92.29
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$260.00
Low
$224.00
High
$340.00
Mean
$290.44

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-08 main Stifel Hold → Hold $264
2026-04-01 main Barclays Overweight → Overweight $280
2026-03-31 down Jefferies Buy → Hold $280
2026-03-30 main Morgan Stanley Underweight → Underweight $247
2026-02-13 main Barclays Overweight → Overweight $310
2026-02-13 main Stifel Hold → Hold $300
2026-02-13 main Keybanc Overweight → Overweight $340
2026-02-03 reit Roth Capital Buy → Buy $297
2026-01-23 main Barclays Overweight → Overweight $280
2026-01-23 main Stifel Hold → Hold $253
2026-01-12 main Morgan Stanley Underweight → Underweight $208
2025-12-16 main Stifel Hold → Hold $252
2025-10-31 main Stifel Hold → Hold $265
2025-10-20 main Barclays Overweight → Overweight $260
2025-09-05 init Roth Capital — → Buy $279
2025-08-01 main Stifel Hold → Hold $250
2025-08-01 main Baird Outperform → Outperform $280
2025-08-01 main Keybanc Overweight → Overweight $280
2025-07-21 main Stifel Hold → Hold $236
2025-07-15 main Keybanc Overweight → Overweight $250
News
RSS: Latest LECO news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-17 ESPELAND CURTIS ERIC Director — 688 $0.00 $0
2026-04-17 LINCOLN KATHRYN JO Director — 688 $0.00 $0
2026-04-17 CHAMBERS BRIAN D Director — 688 $0.00 $0
2026-04-17 HILTON MICHAEL F Director — 688 $0.00 $0
2026-04-17 BENNY PURUSHOTAM PATEL Director — 688 $0.00 $0
2026-04-17 FETCH BONNIE J Director — 688 $0.00 $0
2026-04-17 FALOTICO NANCY JOY Director — 688 $0.00 $0
2026-04-17 HOWZE MARC A Director — 688 $0.00 $0
2026-04-17 GORIS PATRICK P Director — 688 $0.00 $0
2026-03-02 ANSBERRY JENNIFER I General Counsel — 1,712 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
4,233.00
+5.60%
4,008.67
-4.37%
4,191.64
+11.44%
3,761.21
Operating Revenue
4,233.00
+5.60%
4,008.67
-4.37%
4,191.64
+11.44%
3,761.21
Cost Of Revenue
2,698.75
+6.43%
2,535.76
-6.99%
2,726.19
+9.91%
2,480.45
Reconciled Cost Of Revenue
2,698.75
+6.43%
2,535.76
-6.99%
2,726.19
+9.91%
2,480.45
Gross Profit
1,534.25
+4.16%
1,472.91
+0.51%
1,465.44
+14.42%
1,280.76
Operating Expense
797.99
+2.23%
780.59
+2.86%
758.91
+15.58%
656.64
Selling General And Administration
797.99
+2.23%
780.59
+2.86%
758.91
+15.58%
656.64
Total Expenses
3,496.74
+5.44%
3,316.35
-4.84%
3,485.10
+11.09%
3,137.09
Operating Income
736.26
+6.35%
692.32
-2.01%
706.53
+13.20%
624.12
Total Operating Income As Reported
718.06
+12.82%
636.46
-11.34%
717.85
+17.23%
612.34
EBITDA
825.56
+13.84%
725.17
-11.34%
817.91
+16.78%
700.39
Normalized EBITDA
843.76
+8.03%
781.03
-3.17%
806.59
+13.26%
712.17
Reconciled Depreciation
98.55
+11.68%
88.24
+1.81%
86.67
+11.03%
78.06
EBIT
727.01
+14.14%
636.93
-12.90%
731.24
+17.50%
622.33
Total Unusual Items
-18.20
+67.42%
-55.86
-593.72%
11.31
+195.98%
-11.79
Total Unusual Items Excluding Goodwill
-18.20
+67.42%
-55.86
-593.72%
11.31
+195.98%
-11.79
Special Income Charges
-18.20
+67.42%
-55.86
-593.72%
11.31
+195.98%
-11.79
Restructuring And Mergern Acquisition
18.20
-67.42%
55.86
+593.72%
-11.31
-195.98%
11.79
Net Income
520.53
+11.68%
466.11
-14.51%
545.25
+15.46%
472.22
Pretax Income
675.45
+13.68%
594.15
-13.50%
686.87
+15.86%
592.83
Net Non Operating Interest Income Expense
-51.56
-20.51%
-42.79
+3.57%
-44.37
-50.41%
-29.50
Interest Expense Non Operating
51.56
+20.51%
42.79
-3.57%
44.37
+50.41%
29.50
Net Interest Income
-51.56
-20.51%
-42.79
+3.57%
-44.37
-50.41%
-29.50
Interest Expense
51.56
+20.51%
42.79
-3.57%
44.37
+50.41%
29.50
Other Income Expense
-9.25
+83.30%
-55.39
-324.22%
24.70
+1474.62%
-1.80
Other Non Operating Income Expenses
7.00
+2842.86%
0.24
-98.15%
12.83
+26.50%
10.14
Tax Provision
154.92
+20.99%
128.04
-9.59%
141.62
+17.42%
120.60
Tax Rate For Calcs
0.00
+6.43%
0.00
+4.61%
0.00
+1.48%
0.00
Tax Effect Of Unusual Items
-4.17
+65.33%
-12.04
-616.50%
2.33
+197.40%
-2.39
Net Income Including Noncontrolling Interests
520.53
+11.68%
466.11
-14.51%
545.25
+15.46%
472.22
Net Income From Continuing Operation Net Minority Interest
520.53
+11.68%
466.11
-14.51%
545.25
+15.46%
472.22
Net Income From Continuing And Discontinued Operation
520.53
+11.68%
466.11
-14.51%
545.25
+15.46%
472.22
Net Income Continuous Operations
520.53
+11.68%
466.11
-14.51%
545.25
+15.46%
472.22
Minority Interests
—
—
—
0.00
Normalized Income
534.56
+4.83%
509.93
-4.91%
536.26
+11.35%
481.62
Net Income Common Stockholders
520.53
+11.68%
466.11
-14.51%
545.25
+15.46%
472.22
Diluted EPS
9.32
+14.36%
8.15
-13.02%
9.37
+16.54%
8.04
Basic EPS
9.39
+14.09%
8.23
-13.37%
9.50
+16.71%
8.14
Basic Average Shares
55.41
-2.17%
56.64
-1.26%
57.36
-1.15%
58.03
Diluted Average Shares
55.88
-2.31%
57.19
-1.76%
58.22
-0.90%
58.75
Diluted NI Availto Com Stockholders
520.53
+11.68%
466.11
-14.51%
545.25
+15.46%
472.22
Earnings From Equity Interest
1.95
+728.94%
0.23
-57.73%
0.56
+463.40%
-0.15
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
3,777.58
+7.31%
3,520.14
+4.23%
3,377.30
+6.19%
3,180.55
Current Assets
1,739.51
+5.73%
1,645.28
-2.82%
1,693.11
+8.69%
1,557.79
Cash Cash Equivalents And Short Term Investments
308.79
-18.15%
377.26
-4.20%
393.79
+99.74%
197.15
Cash And Cash Equivalents
308.79
-18.15%
377.26
-4.20%
393.79
+99.74%
197.15
Receivables
538.79
+11.79%
481.98
-10.55%
538.83
-0.50%
541.53
Accounts Receivable
538.79
+11.79%
481.98
-10.55%
538.83
-0.50%
541.53
Gross Accounts Receivable
550.12
+11.21%
494.65
-10.11%
550.29
-0.68%
554.09
Allowance For Doubtful Accounts Receivable
-11.33
+10.64%
-12.67
-10.55%
-11.46
+8.70%
-12.56
Inventory
633.36
+16.42%
544.04
-3.34%
562.86
-15.42%
665.45
Raw Materials
164.44
+7.06%
153.60
-4.49%
160.81
-11.19%
181.08
Work In Process
124.35
+0.77%
123.41
-1.87%
125.76
-23.68%
164.78
Finished Goods
344.57
+29.04%
267.04
-3.35%
276.30
-13.55%
319.60
Other Current Assets
258.57
+6.84%
242.00
+22.45%
197.63
+28.62%
153.66
Total Non Current Assets
2,038.07
+8.70%
1,874.86
+11.32%
1,684.19
+3.79%
1,622.76
Net PPE
702.76
+13.50%
619.18
+7.62%
575.32
+5.59%
544.87
Gross PPE
1,645.57
+10.83%
1,484.82
+2.24%
1,452.31
+1.18%
1,435.41
Accumulated Depreciation
-942.81
-8.92%
-865.63
+1.29%
-876.99
+1.52%
-890.54
Properties
0.00
0.00
0.00
0.00
Land And Improvements
66.04
+3.16%
64.02
-5.79%
67.95
-4.89%
71.45
Buildings And Improvements
499.51
+12.17%
445.32
+0.06%
445.04
-0.46%
447.10
Machinery Furniture Equipment
1,080.03
+10.72%
975.48
+3.85%
939.32
+2.45%
916.87
Goodwill And Other Intangible Assets
1,137.11
+10.84%
1,025.93
+16.44%
881.12
+1.52%
867.96
Goodwill
886.69
+10.16%
804.93
+15.91%
694.45
+4.39%
665.26
Other Intangible Assets
250.42
+13.31%
221.00
+18.40%
186.67
-7.91%
202.71
Non Current Deferred Assets
47.08
-39.34%
77.61
+71.80%
45.18
+98.04%
22.81
Non Current Deferred Taxes Assets
47.08
-39.34%
77.61
+71.80%
45.18
+98.04%
22.81
Other Non Current Assets
151.12
-0.67%
152.14
-16.67%
182.57
-2.42%
187.11
Total Liabilities Net Minority Interest
2,307.78
+5.25%
2,192.71
+6.01%
2,068.45
-3.64%
2,146.51
Current Liabilities
956.69
+8.86%
878.80
+16.46%
754.61
-11.52%
852.90
Payables And Accrued Expenses
408.26
+20.52%
338.75
-7.42%
365.89
-5.93%
388.96
Payables
408.26
+20.52%
338.75
-7.42%
365.89
-5.93%
388.96
Accounts Payable
364.93
+23.04%
296.59
-8.86%
325.44
-7.57%
352.08
Dividends Payable
43.33
+2.78%
42.16
+4.21%
40.45
+9.69%
36.88
Pensionand Other Post Retirement Benefit Plans Current
116.16
+11.29%
104.37
-7.12%
112.37
+2.75%
109.37
Current Debt And Capital Lease Obligation
143.78
+30.09%
110.52
+4431.53%
2.44
-97.39%
93.48
Current Debt
143.78
+30.09%
110.52
+4431.53%
2.44
-97.39%
93.48
Other Current Borrowings
—
100.00
+2500000.00%
0.00
-99.96%
11.04
Other Current Liabilities
288.49
-11.28%
325.16
+18.71%
273.91
+4.91%
261.09
Total Non Current Liabilities Net Minority Interest
1,351.09
+2.83%
1,313.91
+0.01%
1,313.84
+1.56%
1,293.61
Long Term Debt And Capital Lease Obligation
1,147.55
-0.26%
1,150.55
+4.33%
1,102.77
-0.69%
1,110.40
Long Term Debt
1,147.55
-0.26%
1,150.55
+4.33%
1,102.77
-0.69%
1,110.40
Non Current Deferred Liabilities
52.10
+397.94%
10.46
-20.40%
13.15
-22.77%
17.02
Non Current Deferred Taxes Liabilities
52.10
+397.94%
10.46
-20.40%
13.15
-22.77%
17.02
Other Non Current Liabilities
148.76
-2.70%
152.89
-22.75%
197.92
+19.09%
166.19
Stockholders Equity
1,469.79
+10.72%
1,327.43
+1.42%
1,308.85
+26.58%
1,034.04
Common Stock Equity
1,469.79
+10.72%
1,327.43
+1.42%
1,308.85
+26.58%
1,034.04
Capital Stock
9.86
+0.00%
9.86
+0.00%
9.86
+0.00%
9.86
Common Stock
9.86
+0.00%
9.86
+0.00%
9.86
+0.00%
9.86
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
98.58
+0.00%
98.58
+0.00%
98.58
+0.00%
98.58
Ordinary Shares Number
54.85
-2.43%
56.21
-1.34%
56.98
-1.12%
57.62
Treasury Shares Number
43.74
+3.22%
42.37
+1.84%
41.61
+1.58%
40.96
Additional Paid In Capital
601.57
+6.14%
566.74
+8.29%
523.36
+8.61%
481.86
Retained Earnings
4,342.08
+8.74%
3,993.02
+8.27%
3,688.04
+11.54%
3,306.50
Gains Losses Not Affecting Retained Earnings
-205.93
+31.39%
-300.13
-30.58%
-229.85
+16.54%
-275.40
Treasury Stock
3,277.78
+11.41%
2,942.05
+9.67%
2,682.55
+7.79%
2,488.78
Minority Interest
—
—
—
-0.10
Other Equity Adjustments
-205.93
+31.39%
-300.13
-30.58%
-229.85
+16.54%
-275.40
Total Equity Gross Minority Interest
1,469.79
+10.72%
1,327.43
+1.42%
1,308.85
+26.58%
1,034.04
Total Capitalization
2,617.34
+5.62%
2,477.98
+2.75%
2,411.62
+12.46%
2,144.44
Working Capital
782.82
+2.13%
766.48
-18.33%
938.50
+33.14%
704.89
Invested Capital
2,761.12
+6.67%
2,588.51
+7.23%
2,414.06
+7.87%
2,237.92
Total Debt
1,291.33
+2.40%
1,261.08
+14.10%
1,105.21
-8.20%
1,203.88
Net Debt
982.54
+11.17%
883.81
+24.23%
711.42
-29.33%
1,006.73
Net Tangible Assets
332.68
+10.34%
301.50
-29.51%
427.73
+157.55%
166.08
Tangible Book Value
332.68
+10.34%
301.50
-29.51%
427.73
+157.55%
166.08
Derivative Product Liabilities
2.68
—
—
—
Line Of Credit
143.78
+1266.73%
10.52
+332.03%
2.44
-97.05%
82.44
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
661.17
+10.38%
598.98
-10.27%
667.54
+74.12%
383.39
Cash Flow From Continuing Operating Activities
661.17
+10.38%
598.98
-10.27%
667.54
+74.12%
383.39
Net Income From Continuing Operations
520.53
+11.68%
466.11
-14.51%
545.25
+15.46%
472.22
Depreciation Amortization Depletion
98.55
+11.68%
88.24
+1.81%
86.67
+11.03%
78.06
Depreciation And Amortization
98.55
+11.68%
88.24
+1.81%
86.67
+11.03%
78.06
Other Non Cash Items
3.80
-73.09%
14.11
+211.21%
-12.69
-163.17%
20.08
Pension And Employee Benefit Expense
0.72
-81.04%
3.79
0.00
0.00
Stock Based Compensation
20.35
-15.40%
24.05
-8.31%
26.23
+3.82%
25.27
Deferred Tax
82.74
+305.18%
-40.33
-92.72%
-20.93
+56.59%
-48.21
Deferred Income Tax
82.74
+305.18%
-40.33
-92.72%
-20.93
+56.59%
-48.21
Operating Gains Losses
0.72
-81.04%
3.79
+110.48%
-36.19
-45333.75%
0.08
Gain Loss On Sale Of PPE
0.00
0.00
+100.00%
-36.19
0.00
Change In Working Capital
-65.51
-252.33%
43.01
-45.69%
79.19
+148.28%
-164.04
Change In Receivables
-26.43
-150.04%
52.83
+252.66%
14.98
+123.04%
-65.01
Changes In Account Receivables
-26.43
-150.04%
52.83
+252.66%
14.98
+123.04%
-65.01
Change In Inventory
-47.78
-288.46%
25.36
-79.23%
122.09
+250.38%
-81.19
Change In Payables And Accrued Expense
56.26
+306.91%
-27.19
+15.11%
-32.03
-290.05%
16.85
Change In Payable
56.26
+306.91%
-27.19
+15.11%
-32.03
-290.05%
16.85
Change In Account Payable
56.26
+306.91%
-27.19
+15.11%
-32.03
-290.05%
16.85
Change In Other Working Capital
-10.90
-1355.30%
0.87
+386.47%
-0.30
+96.30%
-8.20
Change In Other Current Assets
-10.57
+74.57%
-41.56
-16.71%
-35.61
-94.61%
-18.30
Change In Other Current Liabilities
-26.09
-179.78%
32.70
+225.21%
10.06
+222.65%
-8.20
Investing Cash Flow
-257.33
+28.76%
-361.23
-383.39%
-74.73
+85.19%
-504.69
Cash Flow From Continuing Investing Activities
-257.33
+28.76%
-361.23
-383.39%
-74.73
+85.19%
-504.69
Net PPE Purchase And Sale
7.18
-7.95%
7.80
-84.24%
49.49
+1385.86%
3.33
Sale Of PPE
7.18
-7.95%
7.80
-84.24%
49.49
+1385.86%
3.33
Capital Expenditure
-126.97
-8.89%
-116.60
-28.15%
-90.99
-26.58%
-71.88
Capital Expenditure Reported
-126.97
-8.89%
-116.60
-28.15%
-90.99
-26.58%
-71.88
Net Business Purchase And Sale
-137.53
+45.59%
-252.75
-673.28%
-32.69
+92.51%
-436.30
Purchase Of Business
-137.53
+45.59%
-252.75
-673.28%
-32.69
+92.51%
-436.30
Net Other Investing Changes
—
0.32
+158.08%
-0.55
-446.54%
0.16
Financing Cash Flow
-461.89
-88.80%
-244.64
+40.68%
-412.39
-408.39%
133.72
Cash Flow From Continuing Financing Activities
-461.89
-88.80%
-244.64
+40.68%
-412.39
-408.39%
133.72
Net Issuance Payments Of Debt
33.08
-79.03%
157.77
+279.32%
-87.98
-120.01%
439.80
Issuance Of Debt
0.00
-100.00%
550.00
0.00
-100.00%
405.44
Repayment Of Debt
-100.17
+75.00%
-400.68
-4841.14%
-8.11
0.00
Long Term Debt Issuance
0.00
-100.00%
550.00
0.00
-100.00%
405.44
Long Term Debt Payments
-100.17
+75.00%
-400.68
-4841.14%
-8.11
0.00
Net Long Term Debt Issuance
-100.17
-167.08%
149.32
+1941.45%
-8.11
-102.00%
405.44
Net Short Term Debt Issuance
133.25
+1477.13%
8.45
+110.58%
-79.87
-332.52%
34.35
Net Common Stock Issuance
-338.31
-28.27%
-263.75
-32.69%
-198.76
-9.64%
-181.29
Common Stock Payments
-338.31
-28.27%
-263.75
-32.69%
-198.76
-9.64%
-181.29
Common Stock Dividend Paid
-168.24
-3.76%
-162.14
-9.55%
-148.01
-13.22%
-130.72
Cash Dividends Paid
-168.24
-3.76%
-162.14
-9.55%
-148.01
-13.22%
-130.72
Repurchase Of Capital Stock
-338.31
-28.27%
-263.75
-32.69%
-198.76
-9.64%
-181.29
Proceeds From Stock Option Exercised
11.58
-57.75%
27.40
+22.53%
22.36
+250.27%
6.38
Net Other Financing Charges
—
-3.92
—
-0.44
Changes In Cash
-58.04
-741.89%
-6.89
-103.82%
180.42
+1352.67%
12.42
Effect Of Exchange Rate Changes
-10.43
-8.33%
-9.63
-159.39%
16.22
+297.08%
-8.23
Beginning Cash Position
377.26
-4.20%
393.79
+99.74%
197.15
+2.17%
192.96
End Cash Position
308.79
-18.15%
377.26
-4.20%
393.79
+99.74%
197.15
Free Cash Flow
534.20
+10.74%
482.37
-16.34%
576.55
+85.09%
311.50
Earnings Losses From Equity Investments
—
—
—
0.08
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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