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LECO 
Lincoln Electric Holdings Inc (LECO)
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Upturn Advisory Summary
12/01/2025: LECO (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
10 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $263.9
1 Year Target Price $263.9
| 5 | Strong Buy |
| 1 | Buy |
| 3 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 28.35% | Avg. Invested days 55 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 12/01/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 13.07B USD | Price to earnings Ratio 25.38 | 1Y Target Price 263.9 |
Price to earnings Ratio 25.38 | 1Y Target Price 263.9 | ||
Volume (30-day avg) 10 | Beta 1.26 | 52 Weeks Range 160.02 - 248.39 | Updated Date 12/1/2025 |
52 Weeks Range 160.02 - 248.39 | Updated Date 12/1/2025 | ||
Dividends yield (FY) 1.25% | Basic EPS (TTM) 9.33 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 12.56% | Operating Margin (TTM) 17.38% |
Management Effectiveness
Return on Assets (TTM) 11.98% | Return on Equity (TTM) 38.11% |
Valuation
Trailing PE 25.38 | Forward PE 22.32 | Enterprise Value 14120438319 | Price to Sales(TTM) 3.13 |
Enterprise Value 14120438319 | Price to Sales(TTM) 3.13 | ||
Enterprise Value to Revenue 3.38 | Enterprise Value to EBITDA 17.31 | Shares Outstanding 55026176 | Shares Floating 53909145 |
Shares Outstanding 55026176 | Shares Floating 53909145 | ||
Percent Insiders 1.63 | Percent Institutions 80.63 |
Upturn AI SWOT
Lincoln Electric Holdings Inc
Company Overview
History and Background
Founded in 1895, Lincoln Electric Holdings Inc. has evolved from an electric motor manufacturer to a global leader in welding and cutting solutions.
Core Business Areas
- The Americas Welding: Manufactures and sells welding equipment, consumables, and automation in North and South America.
- International Welding: Markets welding products and solutions primarily in Europe and Asia Pacific.
- Harris Products Group: Manufactures and sells brazing and soldering alloys and equipment.
Leadership and Structure
Christopher L. Mapes (Chairman, President & CEO). The company is structured around its three main business segments.
Top Products and Market Share
Key Offerings
- Welding Equipment: Arc welding power sources, wire feeders, welding guns. Lincoln Electric has a significant market share in arc welding. Competitors: ESAB, Miller Electric.
- Welding Consumables: Electrodes, fluxes, and welding wires. They are a key revenue stream. Competitors: ESAB, Illinois Tool Works (ITW).
- Automation Solutions: Robotic welding systems, cutting tables. The market for automation is growing. Competitors: ABB, FANUC.
Market Dynamics
Industry Overview
The welding industry is driven by construction, manufacturing, energy, and transportation sectors. It's subject to economic cycles.
Positioning
Lincoln Electric is a leading player with a strong brand reputation and extensive distribution network. Competitive advantages are its comprehensive product line and global reach.
Total Addressable Market (TAM)
Estimated TAM of $25-30 billion. Lincoln Electric holds a significant portion and aims to expand through innovation and geographic growth.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Extensive distribution network
- Comprehensive product portfolio
- Global presence
- Technological innovation
Weaknesses
- Sensitivity to economic cycles
- Dependence on raw material prices
- Exposure to currency fluctuations
- Higher cost than some competitors in emerging markets
Opportunities
- Growth in emerging markets
- Increasing demand for automation
- Expansion of product offerings
- Strategic acquisitions
- Growing renewable energy sector
Threats
- Economic downturns
- Intense competition
- Fluctuations in raw material prices
- Technological disruptions
- Geopolitical risks
Competitors and Market Share
Key Competitors
- ITW
- ESAB
Competitive Landscape
Lincoln Electric has a broader product portfolio and stronger global presence than some competitors, but faces pricing pressure from others.
Major Acquisitions
Baker Industries
- Year: 2021
- Acquisition Price (USD millions): 25
- Strategic Rationale: Expands advanced automation capabilities.
Growth Trajectory and Initiatives
Historical Growth: Grown steadily through organic expansion and strategic acquisitions.
Future Projections: Analysts project moderate revenue growth and continued profitability improvements.
Recent Initiatives: Focus on automation solutions, digital connectivity, and expansion in emerging markets.
Summary
Lincoln Electric is a strong player in the welding industry with a solid track record. They possess a diverse product range and strong global presence. The company's cyclical nature is an area of concern and must keep innovating to maintain a competitive edge and capitalize on automation trends and potential emerging market expansions.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings (10-K, 10-Q), Investor presentations, Analyst reports, Market research reports
Disclaimers:
This analysis is based on available information and estimates. Actual results may vary. Not financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Lincoln Electric Holdings Inc
Exchange NASDAQ | Headquaters Cleveland, OH, United States | ||
IPO Launch date 1995-06-13 | President, CEO & Chairman Mr. Steven B. Hedlund | ||
Sector Industrials | Industry Tools & Accessories | Full time employees 12000 | Website https://www.lincolnelectric.com |
Full time employees 12000 | Website https://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 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; automated material handling 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.
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