Lincoln Electric Holdings, Inc. (LECO)
Industrials · NMS · US
Price as at 1 Oct 2026, 22:44 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Lincoln Electric Holdings, Inc. trades at $269.40, close to the $272.23 our fair value estimate puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 66 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 27.1 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
LECO dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $1.58 | 2 |
| 2025 | $3.04 | 4 |
| 2024 | $2.88 | 4 |
| 2023 | $2.63 | 4 |
| 2022 | $2.32 | 4 |
| 2021 | $2.09 | 4 |
| 2020 | $1.98 | 4 |
| 2019 | $1.90 | 4 |
| 2018 | $1.64 | 4 |
| 2017 | $1.44 | 4 |
| 2016 | $1.31 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
LECO earnings and analyst estimates
Recommendation mix, 12 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Lincoln Electric Holdings, Inc.
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
LECO passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
14 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$244.38M · 0.1% of book
- Ken Fisher, Fisher Asset Management, LLC$110.30M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$93.24M · 0.0% of book
- Joel Greenblatt, Gotham Asset Management, LLC$40.67M · 0.1% of book
- Steve Cohen, Point72 Asset Management, L.P.$35.81M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
LECO peers
The largest companies in the same industry (Tools & Accessories), then in the same sector.
- SWK Stanley Black & Decker, Inc.
- TKR The Timken Company
- TTC The Toro Company
- HLMN Hillman Solutions Corp.
- ATCO-A.ST Atlas Copco
- VOLV-B.ST Volvo AB
- SAND.ST Sandvik
- DSV.CO DSV
Every industrials company we cover is on the Industrials hub.
Common questions
Is Lincoln Electric Holdings, Inc. (LECO) undervalued?
Against our fair value estimate of $272.23, LECO at $269.40 is 1% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own LECO?
14 of the institutions we track reported a position in LECO in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is LECO's P/E ratio?
LECO trades at 27.1 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Lincoln Electric Holdings, Inc. (LECO) pay a dividend?
Yes. Lincoln Electric Holdings, Inc. yields 1.17% at the current share price. It has paid $2.37 per share over the trailing twelve months. It has paid a dividend in each of the last 31 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
When does LECO report earnings next?
Lincoln Electric Holdings, Inc. is scheduled to report on 29 Oct 2026. Companies move earnings dates, so read it as scheduled rather than certain.
Where does SteadyShares get its LECO data?
Fundamentals for LECO come from company filings and exchange data, as listed on NMS; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 22:44 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for LECO, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.