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Upturn AI SWOT - About
LECO 
Lincoln Electric Holdings Inc (LECO)
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Upturn Advisory Summary
06/30/2025: LECO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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
Well-followed company, solid analyst reports, reliable data for confident investing.
1 Year Target Price $209.89
1 Year Target Price $209.89
| 5 | Strong Buy |
| 1 | Buy |
| 3 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 11.97% | Avg. Invested days 46 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 06/30/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 11.68B USD | Price to earnings Ratio 25.77 | 1Y Target Price 209.89 |
Price to earnings Ratio 25.77 | 1Y Target Price 209.89 | ||
Volume (30-day avg) 10 | Beta 1.21 | 52 Weeks Range 160.53 - 219.97 | Updated Date 06/30/2025 |
52 Weeks Range 160.53 - 219.97 | Updated Date 06/30/2025 | ||
Dividends yield (FY) 1.43% | Basic EPS (TTM) 8.12 |
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 11.44% | Operating Margin (TTM) 16.04% |
Management Effectiveness
Return on Assets (TTM) 12.5% | Return on Equity (TTM) 34.83% |
Valuation
Trailing PE 25.77 | Forward PE 22.78 | Enterprise Value 12548154452 | Price to Sales(TTM) 2.9 |
Enterprise Value 12548154452 | Price to Sales(TTM) 2.9 | ||
Enterprise Value to Revenue 3.11 | Enterprise Value to EBITDA 17.3 | Shares Outstanding 55826300 | Shares Floating 55461738 |
Shares Outstanding 55826300 | Shares Floating 55461738 | ||
Percent Insiders 1.61 | Percent Institutions 79.76 |
Analyst Ratings
Rating 4 | Target Price 209.89 | Buy 1 | Strong Buy 5 |
Buy 1 | Strong Buy 5 | ||
Hold 3 | Sell - | Strong Sell 1 | |
Strong Sell 1 |
Upturn AI SWOT
Lincoln Electric Holdings Inc
Company Overview
History and Background
Lincoln Electric was founded in 1895 by John C. Lincoln. Initially producing electric motors, it later focused on welding and cutting solutions. It grew through innovation and strategic acquisitions.
Core Business Areas
- The Americas Welding: Manufactures and sells welding equipment, consumables, and automation solutions in North and South America.
- International Welding: Manufactures and sells welding equipment, consumables, and automation solutions outside of the Americas.
- Harris Products Group: Produces brazing and soldering alloys and equipment, as well as cutting and gas regulation technologies.
Leadership and Structure
Christopher L. Mapes is the Chairman, President, and CEO. The company has a traditional hierarchical structure with various functional departments reporting to executive leadership.
Top Products and Market Share
Key Offerings
- Market Share (%): 25
- Welding Equipment: Arc welding power sources, wire feeders, and welding guns. Lincoln Electric holds a significant global market share in arc welding equipment, estimated to be around 20-25%. Competitors include ESAB, Miller Electric, and ITW Welding.
- Market Share (%): 20
- Welding Consumables: Welding electrodes, wires, and fluxes. Lincoln Electric is a major player in the welding consumables market. Competitors include ESAB, Illinois Tool Works(ITW), and Air Liquide.
- Cutting Solutions: Plasma and oxyfuel cutting systems. Their competitors are Hypertherm, Messer Cutting Systems, and ESAB.
- Market Share (%): 15
- Automation Solutions: Robotic welding cells and automated welding systems. Integrators and companies like ABB and FANUC compete in this space.
- Market Share (%): 10
- Brazing and Soldering Alloys: Harris Products Group is a leader in this area, competing with companies like Lucas-Milhaupt.
- Market Share (%): 30
Market Dynamics
Industry Overview
The welding and cutting industry is cyclical and driven by construction, manufacturing, energy, and transportation sectors. Increasing automation and demand for high-strength materials are shaping the industry.
Positioning
Lincoln Electric is a global leader in welding and cutting solutions with a reputation for innovation, quality, and a wide product portfolio. They leverage a strong distribution network and brand recognition.
Total Addressable Market (TAM)
The global welding market is estimated at around $25-30 billion. Lincoln Electric is well-positioned to capture a significant portion of this TAM through its diverse product offerings and global presence.
Upturn SWOT Analysis
Strengths
- Strong brand recognition
- Extensive distribution network
- Broad product portfolio
- Technological innovation
- Global presence
- Strong Financials
Weaknesses
- Cyclical business model
- Exposure to raw material price fluctuations
- Dependence on specific industries
Opportunities
- Growing demand for automation
- Infrastructure development in emerging markets
- Expanding into new applications (e.g., additive manufacturing)
- Acquisitions of complementary businesses
Threats
- Economic downturns
- Increased competition
- Technological disruptions
- Raw material price volatility
- Trade tensions
Competitors and Market Share
Key Competitors
- ITW
- ESAB
- ABB
Competitive Landscape
Lincoln Electric maintains a competitive edge through its strong brand, extensive distribution network, and diverse product portfolio. However, it faces competition from other major players and smaller niche companies.
Major Acquisitions
Baker Industries
- Year: 2023
- Acquisition Price (USD millions): 258
- Strategic Rationale: Expands Lincoln Electricu2019s automation capabilities and access to the aerospace market.
Redco
- Year: 2021
- Acquisition Price (USD millions): 98
- Strategic Rationale: Bolsters Lincoln Electric's brazing and soldering capabilities.
Growth Trajectory and Initiatives
Historical Growth: Lincoln Electric has demonstrated consistent growth through organic expansion and strategic acquisitions. Revenue and earnings have generally trended upwards over the past decade.
Future Projections: Analysts project continued growth for Lincoln Electric, driven by infrastructure spending, automation adoption, and expansion into emerging markets.
Recent Initiatives: Recent initiatives include investments in automation technologies, expansion of the Harris Products Group, and acquisitions of companies in related industries.
Summary
Lincoln Electric is a leading player in the welding and cutting industry with a strong global presence and a diversified product portfolio. The company's strengths lie in its brand recognition, distribution network, and technological innovation. However, it faces challenges related to cyclical markets and increasing competition. Future growth will likely be driven by automation and expansion into emerging markets, while economic downturns are always something to prepare for.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Lincoln Electric Investor Relations
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is based on publicly available information and analyst estimates. Financial data is for illustrative purposes only and may not be current. Investment decisions should be based on thorough research and consultation with a financial advisor.
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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