Market Summary
USD176.66-3.11
Market Closed-1.73%
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LECO Price/Sales (Trailing)
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Price Action
52 Week Range
120.01210.86
(Low)(High)
Last 7 days
-2.4%
Last 30 days
-4.7%
Last 90 days
-6.8%
Trailing 12 Months
31.2%
LECO Financial Health
LECO Investor Care
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Net sales
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Latest Insider Trading transactions for LECO
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-23 | Hedlund Steven B | sold (taxes) | -78,212 | 188 | -416 | evp & chief operating officer |
2023-08-21 | Whitehead Michael J | sold | -204,209 | 185 | -1,100 | svp, president, global automat |
2023-08-01 | Hedlund Steven B | acquired | - | - | 2,475 | evp & chief operating officer |
2023-08-01 | Ansberry Jennifer I | sold | -1,794,850 | 200 | -8,962 | evp, general counsel & secy |
2023-08-01 | Ansberry Jennifer I | acquired | 812,853 | 90.7 | 8,962 | evp, general counsel & secy |
2023-07-20 | Fetch Bonnie J | acquired | - | - | 264 | - |
2023-06-14 | MAPES CHRISTOPHER L | acquired | 5,176,200 | 58.14 | 89,030 | chairman, president and ceo |
2023-06-14 | MAPES CHRISTOPHER L | sold | -17,291,100 | 194 | -89,030 | chairman, president and ceo |
2023-06-13 | Hedlund Steven B | sold | -426,779 | 195 | -2,180 | evp & chief operating officer |
2023-06-12 | LINCOLN KATHRYN JO | sold | -1,149,480 | 191 | -6,000 | - |
Which funds bought or sold LECO recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 466 | 2,870 | 3,377 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | reduced | -15.07 | -2,924 | 1,231,510 | 0.01% |
2023-08-22 | COMERICA BANK | new | - | 1,000 | 1,000 | -% |
2023-08-21 | JOHN G ULLMAN & ASSOCIATES INC | reduced | -86.31 | -3,214,250 | 615,753 | 0.10% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | added | 0.34 | 2,096,690 | 13,833,600 | 0.02% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 4.11 | 538,838 | 2,919,820 | -% |
2023-08-21 | VisionPoint Advisory Group, LLC | new | - | 18,870 | 18,870 | 0.01% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -0.45 | 961,000 | 6,634,000 | 0.06% |
2023-08-21 | BOKF, NA | unchanged | - | 10,336 | 69,521 | -% |
2023-08-17 | Orion Portfolio Solutions, LLC | reduced | -15.75 | -33,591 | 3,190,870 | 0.03% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
LECO Alerts
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 |
Recent SEC filings of Lincoln Electric Holdings
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 25, 2023 | 4 | Insider Trading | |
| Aug 25, 2023 | 8-K/A | Current Report | |
| Aug 22, 2023 | 4 | Insider Trading | |
| Aug 21, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 02, 2023 | 4 | Insider Trading | |
| Aug 02, 2023 | 4 | Insider Trading | |
| Aug 01, 2023 | 144 | Notice of Insider Sale Intent | |
| Jul 27, 2023 | 8-K | Current Report | |
| Jul 27, 2023 | 10-Q | Quarterly Report | |
| Jul 27, 2023 | 8-K | Current Report |
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 | 112.7B | 61.4B | 0.63% | 10.81% | 11.22 | 1.84 | 26.89% | 62.82% |
CMI | 32.4B | 32.2B | -1.76% | 9.94% | 12.49 | 1.01 | 29.87% | 25.35% |
DOV | 19.8B | 8.5B | 1.19% | 16.75% | 19.4 | 2.34 | 3.15% | -10.67% |
TTC | 8.3B | 4.7B | -18.12% | -10.59% | 22.04 | 1.75 | 10.19% | -2.33% |
| MID-CAP | ||||||||
LECO | 12.0B | - | -4.71% | 31.23% | 25.57 | 38.14 | -70.09% | 32.66% |
PNR | 10.7B | 4.2B | -1.83% | 57.33% | 21.77 | 2.57 | 3.67% | -12.40% |
TEX | 3.8B | 5.0B | 1.70% | 79.47% | 8.61 | 0.77 | 22.48% | 91.50% |
SPXC | 3.7B | 1.6B | 1.07% | 43.39% | 115.68 | 2.25 | 25.15% | -92.29% |
JBT | 3.3B | 2.1B | -2.73% | 15.15% | 25.93 | 1.58 | 14.88% | 7.01% |
KMT | 2.0B | 2.1B | -6.25% | 13.35% | 16.64 | 0.95 | 3.27% | -18.09% |
| SMALL-CAP | ||||||||
ARTW | - | 9.6M | -11.10% | 13.66% | - | - | -64.00% | 103.64% |
CMCO | 999.6M | 951.4M | -6.04% | 25.97% | 20.27 | 1.05 | 4.17% | 8.83% |
HY | 767.9M | 3.9B | 1.47% | 65.46% | 21.82 | 0.2 | 18.61% | 115.65% |
MTW | 522.2M | 2.2B | -4.49% | 71.46% | -4.97 | 0.24 | 17.70% | -829.86% |
CVR | 17.4M | 32.2M | -1.15% | -31.64% | 46.78 | 0.54 | -6.72% | -56.52% |
Lincoln Electric Holdings News
Returns for LECO
Cumulative Returns on LECO
12.0%
10-Year Cumulative Returns
18.0%
7-Year Cumulative Returns
14.4%
5-Year Cumulative Returns
27.3%
3-Year Cumulative Returns
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
Financials for Lincoln Electric Holdings
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | - | - | - | - | - | - | - | - | 3,084 | 2,946 | 2,710 | 2,655 | 2,698 | 2,760 | 2,946 | 3,003 | 3,011 | 3,017 | 3,030 | 3,029 | 3,032 | 2,964 |
| Gross Profit | 3.1% | 1,346 | 1,306 | 1,281 | 1,245 | 1,204 | 1,145 | 1,069 | 1,025 | 972 | 888 | 871 | 883 | 906 | 986 | 1,008 | 1,017 | 1,030 | 1,030 | 1,029 | 1,016 | 983 |
| S&GA Expenses | 3.8% | 706 | 680 | 657 | 643 | 633 | 618 | 597 | 583 | 565 | 540 | 544 | 557 | 574 | 611 | 621 | 627 | 626 | 627 | 628 | 627 | 612 |
| EBITDA | -100.0% | - | 668 | 671 | 608 | 512 | 469 | 406 | 415 | 447 | 341 | 322 | 322 | 341 | 412 | 427 | 439 | 442 | 432 | 423 | 402 | 437 |
| EBITDA Margin | -100.0% | - | 2.13* | 3.35* | 0.17* | 0.14* | 0.14* | 0.13* | 0.13* | 0.15* | 0.13* | 0.12* | 0.12* | 0.12* | 0.14* | 0.14* | 0.15* | 0.15* | 0.14* | 0.14* | 0.13* | 0.15* |
| Interest Expenses | - | - | - | - | - | - | - | - | - | - | - | - | -22.68 | -23.53 | -23.55 | -23.41 | -21.96 | -19.53 | -18.45 | -17.57 | -17.67 | -18.30 |
| Earnings Before Taxes | 2.2% | 602 | 589 | 593 | 529 | 430 | 387 | 325 | 335 | 369 | 285 | 264 | 263 | 282 | 352 | 368 | 383 | 387 | 377 | 369 | 348 | 383 |
| EBT Margin | -100.0% | - | 1.88* | 2.96* | 0.14* | 0.12* | 0.11* | 0.10* | 0.11* | 0.13* | 0.11* | 0.10* | 0.10* | 0.10* | 0.12* | 0.12* | 0.13* | 0.13* | 0.12* | 0.12* | 0.11* | 0.13* |
| Net Income | 2.0% | 478 | 468 | 472 | 438 | 360 | 328 | 276 | 267 | 294 | 225 | 206 | 205 | 219 | 277 | 293 | 316 | 314 | 298 | 287 | 224 | 260 |
| Net Income Margin | -100.0% | - | 1.49* | 2.36* | 0.12* | 0.10* | 0.10* | 0.09* | 0.09* | 0.10* | 0.08* | 0.08* | 0.08* | 0.08* | 0.09* | 0.10* | 0.11* | 0.10* | 0.10* | 0.09* | 0.07* | 0.09* |
| Free Cashflow | -100.0% | - | 464 | 383 | 382 | 361 | 363 | 365 | 391 | 371 | 375 | 351 | 338 | 377 | 399 | 403 | 380 | 358 | 311 | 329 | 319 | 307 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 1.8% | 3,311 | 3,253 | 3,181 | 2,652 | 2,742 | 2,736 | 2,592 | 2,569 | 2,513 | 2,362 | 2,314 | 2,217 | 2,199 | 2,306 | 2,371 | 2,361 | 2,394 | 2,355 | 2,350 | 2,420 | 2,434 |
| Current Assets | 2.2% | 1,646 | 1,610 | 1,558 | 1,395 | 1,465 | 1,428 | 1,290 | 1,236 | 1,238 | 1,196 | 1,112 | 1,026 | 1,008 | 1,059 | 1,076 | 1,082 | 1,128 | 1,193 | 1,238 | 1,406 | 1,412 |
| Cash Equivalents | 10.9% | 220 | 199 | 197 | 141 | 153 | 154 | 193 | 161 | 191 | 242 | 257 | 152 | 143 | 163 | 200 | 157 | 190 | 267 | 359 | 398 | 357 |
| Inventory | 1.5% | 675 | 665 | 665 | 632 | 639 | 600 | 540 | 524 | 478 | 416 | 381 | 396 | 418 | 398 | 394 | 411 | 398 | 376 | 362 | 377 | 366 |
| Net PPE | 1.8% | 563 | 553 | 545 | 490 | 503 | 512 | 512 | 520 | 514 | 500 | 522 | 505 | 502 | 503 | 529 | 523 | 512 | 477 | 479 | 462 | 468 |
| Goodwill | 1.9% | 692 | 679 | 665 | 425 | 432 | 437 | 430 | 436 | 413 | 334 | 336 | 331 | 329 | 327 | 337 | 331 | 323 | 283 | 281 | 234 | 234 |
| Liabilities | -0.9% | 2,110 | 2,128 | 2,147 | 1,728 | 1,829 | 1,873 | 1,728 | 1,711 | 1,653 | 1,558 | 1,524 | 1,507 | 1,539 | 1,638 | 1,552 | - | - | - | 1,462 | - | - |
| Current Liabilities | -3.0% | 811 | 836 | 853 | 820 | 904 | 928 | 756 | 745 | 696 | 614 | 549 | 533 | 569 | 655 | 563 | 572 | 571 | 526 | 538 | 546 | 540 |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | 716 | 716 | 716 | 712 | 714 | 710 | 706 | 703 | 698 | 700 |
| LT Debt, Current | - | - | - | 11.00 | - | - | - | 1.00 | - | - | - | 0.00 | - | - | - | 0.00 | - | - | - | - | - | - |
| LT Debt, Non Current | -0.6% | 1,104 | 1,111 | 1,110 | 711 | 713 | 715 | 717 | 718 | 718 | 715 | 715 | - | - | - | 712 | - | - | - | - | - | - |
| Shareholder's Equity | 6.8% | 1,201 | 1,125 | 1,034 | 924 | 913 | 863 | 864 | 858 | 860 | 803 | 790 | 711 | 660 | 668 | 819 | 814 | 846 | 865 | 888 | 928 | 944 |
| Retained Earnings | 2.8% | 3,483 | 3,388 | 3,307 | 3,237 | 3,161 | 3,064 | 2,970 | 2,930 | 2,929 | 2,864 | 2,821 | 2,791 | 2,763 | 2,768 | 2,736 | 2,704 | 2,662 | 2,605 | 2,564 | 2,505 | 2,461 |
| Additional Paid-In Capital | 3.5% | 515 | 498 | 482 | 471 | 466 | 462 | 451 | 435 | 428 | 419 | 410 | 404 | 395 | 387 | 389 | 378 | 369 | 364 | 360 | 358 | 352 |
| Accumulated Depreciation | 2.0% | 930 | 912 | 891 | 864 | 876 | 878 | 868 | 879 | 893 | 875 | 885 | 858 | 837 | 817 | 826 | 803 | 800 | 792 | 779 | 799 | 795 |
| Shares Outstanding | - | - | - | 58.00 | - | - | - | 59.00 | - | - | - | 60.00 | 59.00 | - | - | 61.00 | - | - | - | 64.00 | - | - |
| Minority Interest | 100.0% | - | -0.05 | -0.10 | -0.09 | -0.08 | -0.06 | -0.19 | -0.10 | -0.04 | -0.11 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 21.7% | 565 | 464 | 383 | 382 | 361 | 363 | 365 | 391 | 371 | 375 | 351 | 338 | 377 | 399 | 403 | 380 | 358 | 311 | 329 | 319 | 307 |
| Share Based Compensation | -0.8% | 26.00 | 26.00 | 25.00 | 27.00 | 27.00 | 29.00 | 24.00 | 22.00 | 20.00 | 18.00 | 15.00 | 16.00 | 16.00 | 16.00 | 17.00 | 18.00 | 17.00 | 18.00 | 19.00 | 16.00 | 16.00 |
| Cashflow From Investing | -9.4% | -526 | -480 | -504 | -82.91 | -157 | -242 | -205 | -213 | -132 | -46.34 | -49.21 | -44.19 | -77.97 | -184 | -192 | -206 | -128 | -27.22 | 21.00 | 26.00 | -164 |
| Cashflow From Financing | -53.7% | 29.00 | 63.00 | 134 | -303 | -235 | -207 | -221 | -174 | -199 | -259 | -246 | -296 | -337 | -308 | -371 | -408 | -393 | -369 | -302 | -237 | -177 |
| Dividend Payments | 3.2% | 139 | 135 | 131 | 129 | 126 | 124 | 122 | 121 | 120 | 118 | 118 | 118 | 118 | 118 | 118 | 115 | 111 | 107 | 102 | 100 | 98.00 |
| Buy Backs | 25.7% | 137 | 109 | 181 | 217 | 241 | 241 | 165 | 104 | 54.00 | 32.00 | 113 | 184 | 245 | 327 | 293 | 302 | 312 | 263 | 202 | 142 | 86.00 |
LECO Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| CONSOLIDATED STATEMENTS OF INCOME | ||||
| Net sales (Note 2) | $ 1,060,565 | $ 969,589 | $ 2,099,908 | $ 1,895,037 |
| Cost of goods sold | 687,137 | 636,108 | 1,371,123 | 1,231,779 |
| Gross profit | 373,428 | 333,481 | 728,785 | 663,258 |
| Selling, general & administrative expenses | 192,748 | 166,792 | 382,864 | 333,478 |
| Rationalization and asset impairment charges (Note 6) | 2,667 | (844) | 3,544 | 1,041 |
| Operating income | 178,013 | 167,533 | 342,377 | 328,739 |
| Interest expense, net | 11,699 | 6,459 | 24,899 | 12,657 |
| Other income (expense) (Note 11) | 6,746 | (1,133) | 10,926 | 3,500 |
| Income before income taxes | 173,060 | 159,941 | 328,404 | 319,582 |
| Income taxes (Note 12) | 35,729 | 32,118 | 69,142 | 65,729 |
| Net income | $ 137,331 | $ 127,823 | $ 259,262 | $ 253,853 |
| Basic earnings per share (Note 3) | $ 2.39 | $ 2.20 | $ 4.51 | $ 4.35 |
| Diluted earnings per share (Note 3) | 2.36 | 2.18 | 4.44 | 4.30 |
| Cash dividends declared per share | $ 0.64 | $ 0.56 | $ 1.28 | $ 1.12 |
LECO Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $ 220,483 | $ 197,150 |
| Accounts receivable (less allowance for doubtful accounts of $12,170 in 2023; $12,556 in 2022) | 570,294 | 541,529 |
| Inventories (Note 8) | 674,754 | 665,451 |
| Other current assets | 180,647 | 153,660 |
| Total Current Assets | 1,646,178 | 1,557,790 |
| Property, plant and equipment (less accumulated depreciation of $929,890 in 2023; $890,543 in 2022) | 563,180 | 544,871 |
| Goodwill | 692,457 | 665,257 |
| Other assets | 409,373 | 412,628 |
| TOTAL ASSETS | 3,311,188 | 3,180,546 |
| Current Liabilities | ||
| Short-term debt (Note 10) | 10,406 | 93,483 |
| Trade accounts payable | 358,160 | 352,079 |
| Accrued employee compensation and benefits | 159,173 | 109,369 |
| Other current liabilities | 283,023 | 297,966 |
| Total Current Liabilities | 810,762 | 852,897 |
| Long-term debt, less current portion (Note 10) | 1,103,898 | 1,110,396 |
| Other liabilities | 195,104 | 183,212 |
| Total Liabilities | 2,109,764 | 2,146,505 |
| Shareholders' Equity | ||
| Common Shares | 9,858 | 9,858 |
| Additional paid-in capital | 515,303 | 481,857 |
| Retained earnings | 3,483,127 | 3,306,500 |
| Accumulated other comprehensive loss | (236,186) | (275,398) |
| Treasury Shares | (2,570,678) | (2,488,776) |
| Total Equity | 1,201,424 | 1,034,041 |
| TOTAL LIABILITIES AND TOTAL EQUITY | $ 3,311,188 | $ 3,180,546 |
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.