Market Summary
USD160.77-2.95
Delayed-1.80%
LECO Stock Price
LECO RSI Chart
LECO Valuation
LECO Price/Sales (Trailing)
LECO Profitability
LECO Fundamentals
LECO Revenue
LECO Earnings
Price Action
52 Week Range
118.17176.52
(Low)(High)
Last 7 days
-1.2%
Last 30 days
-2%
Last 90 days
10.8%
Trailing 12 Months
21.5%
LECO Financial Health
LECO Investor Care
Peers (Alternatives to Lincoln Electric Holdings)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
DE | 115.0B | 55.7B | -9.36% | -10.02% | 14.05 | 2.07 | 25.13% | 45.08% |
CMI | 31.6B | 28.1B | -9.89% | 9.20% | 14.47 | 1.13 | 16.87% | 0.88% |
DOV | 20.2B | 8.5B | -4.88% | -9.70% | 18.92 | 2.37 | 7.60% | -5.20% |
TTC | 11.2B | 4.7B | -3.49% | 25.46% | 25.34 | 2.37 | 17.70% | 8.16% |
| MID-CAP | ||||||||
LECO | 9.3B | 3.8B | -2.00% | 21.49% | 19.62 | 2.46 | 16.30% | 70.81% |
PNR | 8.5B | 4.1B | -5.23% | -5.32% | 17.71 | 2.07 | 9.48% | -13.04% |
JBT | 3.3B | 2.2B | -5.85% | -12.17% | 25.15 | 1.52 | 15.93% | 10.39% |
SPXC | 3.2B | 1.5B | 20.33% | 38.99% | 16.0K | 2.2 | 19.79% | -99.95% |
TEX | 3.1B | 4.4B | -17.49% | 23.03% | 10.4 | 0.71 | 13.66% | 35.81% |
KMT | 2.1B | 2.0B | -7.67% | -11.58% | 16.36 | 1.02 | 3.22% | 2.22% |
| SMALL-CAP | ||||||||
CMCO | 1.0B | 935.8M | -3.08% | -21.59% | 21.73 | 1.08 | 11.48% | 69.08% |
HY | 765.6M | 3.5B | 53.03% | 27.50% | -10.33 | 0.22 | 15.37% | 57.17% |
MTW | 583.8M | 2.0B | 1.90% | 4.26% | -4.72 | 0.29 | 18.15% | -1223.64% |
CVR | 28.8M | 34.5M | 3.53% | 7.50% | 6.77 | 0.83 | 0.14% | 184.75% |
ARTW | 9.7M | 28.4M | -9.96% | -72.78% | 41.49 | 0.36 | 13.76% | -54.01% |
Financials for Lincoln Electric Holdings
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 2.4% | 3,761 | 3,675 | 3,546 | 3,403 | 3,234 |
| Gross Profit | 2.8% | 1,281 | 1,245 | 1,204 | 1,145 | 1,069 |
| S&GA Expenses | 2.1% | 657 | 643 | 633 | 618 | 597 |
| EBITDA | 10.3% | 671 | 608 | 512 | 469 | - |
| EBITDA Margin | 7.8% | 0.18* | 0.17* | 0.14* | 0.14* | - |
| Earnings Before Taxes | 12.1% | 593 | 529 | 430 | 387 | 325 |
| EBT Margin | 9.6% | 0.16* | 0.14* | 0.12* | 0.11* | - |
| Net Income | 7.9% | 472 | 438 | 360 | 328 | 276 |
| Net Income Margin | 5.4% | 0.13* | 0.12* | 0.10* | 0.10* | - |
| Free Cahsflow | 0.5% | 383 | 382 | 361 | 363 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 19.9% | 3,181 | 2,652 | 2,742 | 2,736 | 2,592 |
| Current Assets | 11.6% | 1,558 | 1,395 | 1,465 | 1,428 | 1,290 |
| Cash Equivalents | 39.5% | 197 | 141 | 153 | 154 | 193 |
| Inventory | 5.2% | 665 | 632 | 639 | 600 | 540 |
| Net PPE | 11.2% | 545 | 490 | 503 | 512 | 512 |
| Goodwill | 56.7% | 665 | 425 | 432 | 437 | 430 |
| Liabilities | 24.2% | 2,147 | 1,728 | 1,829 | 1,873 | 1,728 |
| Current Liabilities | 4.0% | 853 | 820 | 904 | 928 | 756 |
| LT Debt, Current | 1341.1% | 11.00 | 1.00 | - | - | - |
| LT Debt, Non Current | 56.1% | 1,110 | 711 | 713 | 715 | 717 |
| Shareholder's Equity | 11.9% | 1,034 | 924 | 913 | 863 | 864 |
| Retained Earnings | 2.1% | 3,307 | 3,237 | 3,161 | 3,064 | 2,970 |
| Additional Paid-In Capital | 2.3% | 482 | 471 | 466 | 462 | 451 |
| Accumulated Depreciation | -1.4% | 864 | 876 | 878 | 868 | - |
| Shares Outstanding | -2.0% | 58.00 | 59.00 | - | - | - |
| Minority Interest | -8.8% | -0.10 | -0.09 | -0.08 | -0.06 | -0.19 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 0.5% | 383 | 382 | 361 | 363 | 365 |
| Share Based Compensation | -4.7% | 25.00 | 27.00 | 27.00 | 29.00 | 24.00 |
| Cashflow From Investing | -508.7% | -504 | -82.91 | -157 | -242 | -205 |
| Cashflow From Financing | 144.1% | 134 | -303 | -235 | -207 | -221 |
| Dividend Payments | 1.7% | 131 | 129 | 126 | 124 | 122 |
| Buy Backs | -16.4% | 181 | 217 | 241 | 241 | 165 |
Risks for LECO
What is the probability of a big loss on LECO?
37.7%
Probability that Lincoln Electric Holdings stock will be more than 20% underwater in next one year
18.1%
Probability that Lincoln Electric Holdings stock will be more than 30% underwater in next one year.
0%
Probability that Lincoln Electric Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does LECO drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Lincoln Electric Holdings was unfortunately bought at previous high price.
Drawdowns
Returns for LECO
Cumulative Returns on LECO
13.2%
10-Year Cumulative Returns
17.8%
7-Year Cumulative Returns
14.6%
5-Year Cumulative Returns
37.7%
3-Year Cumulative Returns
What are the long-term rolling returns for LECO?
FIve years rolling returns for Lincoln Electric Holdings.
Annualized Returns
Which funds bought or sold LECO recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | reduced | -5.95 | 36,327 | 465,327 | 0.01% |
2023-03-10 | BAILLIE GIFFORD & CO | unchanged | - | 2,149 | 13,149 | -% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -7.5 | 14,633,700 | 246,542,000 | 0.27% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -0.36 | 19,000 | 158,000 | -% |
2023-03-03 | ROBOTTI ROBERT | reduced | -0.57 | 924,333 | 7,399,330 | 1.48% |
2023-02-28 | Voya Investment Management LLC | reduced | -0.14 | 450,593 | 3,503,590 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -17.03 | -283,000 | 5,803,000 | 0.06% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | reduced | -18.95 | -15,037 | 198,963 | -% |
2023-02-21 | NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC | reduced | -36.13 | -279,990 | 772,010 | 0.02% |
2023-02-21 | MACQUARIE GROUP LTD | added | 359 | 55,893,000 | 69,009,000 | 0.08% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Lincoln Electric Holdings News
Schedule 13G FIlings of Lincoln Electric Holdings
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 10.43% | 6,024,856 | SC 13G/A | |
| Jan 25, 2023 | blackrock inc. | 9.1% | 5,274,037 | SC 13G/A | |
| Jan 05, 2023 | jpmorgan chase & co | 4.6% | 2,679,127 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 10.00% | 5,903,603 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 8.7% | 5,162,009 | SC 13G/A | |
| Jan 12, 2022 | jpmorgan chase & co | 5.6% | 3,362,982 | SC 13G/A | |
| Sep 10, 2021 | vanguard group inc | 10.03% | 5,954,670 | SC 13G/A | |
| Feb 16, 2021 | state street corp | 4.46% | 2,654,200 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 9.42% | 5,599,927 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 9.1% | 5,425,301 | SC 13G/A |
LECO Fair Value
Lincoln Electric Holdings fair value in different scenarios
The table shows the Fair Value estimates for Lincoln Electric Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 83.61 -47.99% | 122.01 -24.11% | 175.59 9.22% | 227.15 41.29% | 278.47 73.21% |
| Current Inflation | 77.15 -52.01% | 110.10 -31.52% | 155.12 -3.51% | 197.97 23.14% | 240.62 49.67% |
| Very High Inflation | 69.14 -56.99% | 95.76 -40.44% | 131.12 -18.44% | 164.30 2.20% | 197.33 22.74% |
Historical Lincoln Electric Holdings Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Lincoln Electric Holdings
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 17, 2023 | ARS | ARS | |
| Mar 17, 2023 | DEF 14A | DEF 14A | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Mar 07, 2023 | 4 | Insider Trading | |
| Feb 22, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for LECO
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-06 | Allman Geoffrey P | sold | -138,784 | 171 | -809 | svp, strategy & business devel |
2023-03-06 | MAPES CHRISTOPHER L | sold | -2,512,140 | 171 | -14,625 | chairman, president and ceo |
2023-03-03 | Ansberry Jennifer I | sold (taxes) | -270,913 | 173 | -1,562 | evp, general counsel & secy |
2023-03-03 | Allman Geoffrey P | acquired | - | - | 1,469 | svp, strategy & business devel |
2023-03-03 | MAPES CHRISTOPHER L | acquired | - | - | 26,112 | chairman, president and ceo |
2023-03-03 | Kuhrt Michele R | acquired | - | - | 2,226 | evp, chro |
2023-03-03 | MAPES CHRISTOPHER L | sold (taxes) | -1,992,310 | 173 | -11,487 | chairman, president and ceo |
2023-03-03 | Allman Geoffrey P | sold (taxes) | -114,470 | 173 | -660 | svp, strategy & business devel |
2023-03-03 | Ansberry Jennifer I | acquired | - | - | 3,479 | evp, general counsel & secy |
2023-03-03 | Kuhrt Michele R | sold (taxes) | -173,613 | 173 | -1,001 | evp, chro |
Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products. The company's product offering also includes computer numeric controlled plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting, and brazing; and consumables used in the brazing and soldering alloys market. In addition, it is involved in the retail business in the United States. Further, the company manufactures copper and aluminum headers, distributor assemblies, and manifolds for the heating, ventilation, and air conditioning sector in the United States and Mexico. The company serves general fabrication, energy and 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, as well as through industrial distributors, retailers, and agents. The company was founded in 1895 and is headquartered in Cleveland, Ohio.
LECO Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| CONSOLIDATED STATEMENTS OF INCOME | |||
| Net sales (Note 2) | $ 3,761,211 | $ 3,234,180 | $ 2,655,400 |
| Cost of goods sold | 2,480,451 | 2,165,575 | 1,784,059 |
| Gross profit | 1,280,760 | 1,068,605 | 871,341 |
| Selling, general & administrative expenses | 656,636 | 597,109 | 543,802 |
| Rationalization and asset impairment charges (Note 7) | 11,788 | 9,827 | 45,468 |
| Operating income | 612,336 | 461,669 | 282,071 |
| Interest expense, net | 29,500 | 22,214 | 21,973 |
| Other income (expense) (Note 12) | 9,991 | (114,457) | 3,942 |
| Income before income taxes | 592,827 | 324,998 | 264,040 |
| Income taxes (Note 13) | 120,603 | 48,418 | 57,896 |
| Net income including non-controlling interests | 472,224 | 276,580 | 206,144 |
| Non-controlling interests in subsidiaries' income | 0 | 114 | 29 |
| Net income | $ 472,224 | $ 276,466 | $ 206,115 |
| Basic earnings per share (Note 3) | $ 8.14 | $ 4.66 | $ 3.46 |
| Diluted earnings per share (Note 3) | 8.04 | 4.60 | 3.42 |
| Cash dividends declared per share | $ 2.32 | $ 2.09 | $ 1.98 |
LECO Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $ 197,150 | $ 192,958 |
| Accounts receivable (less allowance for doubtful accounts of $12,556 in 2022; $11,105 in 2021) | 541,529 | 429,074 |
| Inventories (Note 16) | 665,451 | 539,919 |
| Other current assets | 153,660 | 127,642 |
| Total Current Assets | 1,557,790 | 1,289,593 |
| Property, plant and equipment, net (Note 1) | 544,871 | 511,744 |
| Intangibles, net (Note 5) | 202,706 | 149,393 |
| Goodwill (Note 5) | 665,257 | 430,162 |
| Deferred income taxes (Note 13) | 22,811 | 18,318 |
| Other assets | 187,111 | 193,097 |
| TOTAL ASSETS | 3,180,546 | 2,592,307 |
| Current Liabilities | ||
| Amounts due banks (Note 9) | 82,444 | 51,964 |
| Trade accounts payable | 352,079 | 330,230 |
| Accrued employee compensation and benefits | 109,369 | 108,562 |
| Dividends payable | 36,879 | 32,921 |
| Other current liabilities | 261,087 | 231,462 |
| Current portion of long-term debt (Note 9) | 11,039 | 766 |
| Total Current Liabilities | 852,897 | 755,905 |
| Long-term debt, less current portion (Note 9) | 1,110,396 | 717,089 |
| Deferred income taxes (Note 13) | 17,022 | 56,718 |
| Other liabilities | 166,190 | 198,686 |
| Total Liabilities | 2,146,505 | 1,728,398 |
| Shareholders' Equity | ||
| Preferred shares, without par value - at stated capital amount; authorized - 5,000,000 shares; issued and outstanding - none | 0 | 0 |
| Common shares, without par value - at stated capital amount; authorized - 240,000,000 shares; issued - 98,581,434 shares in 2022 and 2021; outstanding - 57,623,539 shares in 2022 and 58,786,776 shares in 2021 | 9,858 | 9,858 |
| Additional paid-in capital | 481,857 | 451,268 |
| Retained earnings | 3,306,500 | 2,970,303 |
| Accumulated other comprehensive loss (Note 8) | (275,299) | (257,386) |
| Treasury shares, at cost - 40,957,895 shares in 2022 and 39,794,658 shares in 2021 | (2,488,776) | (2,309,941) |
| Total Shareholders' Equity | 1,034,140 | 864,102 |
| Non-controlling interests | (99) | (193) |
| Total Equity | 1,034,041 | 863,909 |
| TOTAL LIABILITIES AND TOTAL EQUITY | $ 3,180,546 | $ 2,592,307 |