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Lincoln Electric Holdings Inc Stock Research

LECO

160.77USD-2.95(-1.80%)Delayed

Market Summary

USD160.77-2.95
Delayed
-1.80%

LECO Alerts

LECO Stock Price

LECO RSI Chart

LECO Valuation

Market Cap

9.3B

Price/Earnings (Trailing)

19.62

Price/Sales (Trailing)

2.46

EV/EBITDA

13.51

Price/Free Cashflow

24.16

LECO Price/Sales (Trailing)

LECO Profitability

EBT Margin

15.76%

Return on Equity

45.66%

Return on Assets

14.85%

Free Cashflow Yield

4.14%

LECO Fundamentals

LECO Revenue

Revenue (TTM)

3.8B

Revenue Y/Y

10.27%

Revenue Q/Q

-0.46%

LECO Earnings

Earnings (TTM)

472.2M

Earnings Y/Y

46.65%

Earnings Q/Q

-0.07%

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

Current Ratio

1.83

LECO Investor Care

Dividend Yield

1.44%

Dividend/Share (TTM)

2.32

Buy Backs (1Y)

1.98%

Diluted EPS (TTM)

8.04

Peers (Alternatives to Lincoln Electric Holdings)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
115.0B
55.7B
-9.36% -10.02%
14.05
2.07
25.13% 45.08%
31.6B
28.1B
-9.89% 9.20%
14.47
1.13
16.87% 0.88%
20.2B
8.5B
-4.88% -9.70%
18.92
2.37
7.60% -5.20%
11.2B
4.7B
-3.49% 25.46%
25.34
2.37
17.70% 8.16%
MID-CAP
9.3B
3.8B
-2.00% 21.49%
19.62
2.46
16.30% 70.81%
8.5B
4.1B
-5.23% -5.32%
17.71
2.07
9.48% -13.04%
3.3B
2.2B
-5.85% -12.17%
25.15
1.52
15.93% 10.39%
3.2B
1.5B
20.33% 38.99%
16.0K
2.2
19.79% -99.95%
3.1B
4.4B
-17.49% 23.03%
10.4
0.71
13.66% 35.81%
2.1B
2.0B
-7.67% -11.58%
16.36
1.02
3.22% 2.22%
SMALL-CAP
1.0B
935.8M
-3.08% -21.59%
21.73
1.08
11.48% 69.08%
765.6M
3.5B
53.03% 27.50%
-10.33
0.22
15.37% 57.17%
583.8M
2.0B
1.90% 4.26%
-4.72
0.29
18.15% -1223.64%
28.8M
34.5M
3.53% 7.50%
6.77
0.83
0.14% 184.75%
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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.4%3,7613,6753,5463,4033,234
Gross Profit2.8%1,2811,2451,2041,1451,069
  S&GA Expenses2.1%657643633618597
EBITDA10.3%671608512469-
EBITDA Margin7.8%0.18*0.17*0.14*0.14*-
Earnings Before Taxes12.1%593529430387325
EBT Margin9.6%0.16*0.14*0.12*0.11*-
Net Income7.9%472438360328276
Net Income Margin5.4%0.13*0.12*0.10*0.10*-
Free Cahsflow0.5%383382361363-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets19.9%3,1812,6522,7422,7362,592
  Current Assets11.6%1,5581,3951,4651,4281,290
    Cash Equivalents39.5%197141153154193
  Inventory5.2%665632639600540
  Net PPE11.2%545490503512512
  Goodwill56.7%665425432437430
Liabilities24.2%2,1471,7281,8291,8731,728
  Current Liabilities4.0%853820904928756
    LT Debt, Current1341.1%11.001.00---
    LT Debt, Non Current56.1%1,110711713715717
Shareholder's Equity11.9%1,034924913863864
  Retained Earnings2.1%3,3073,2373,1613,0642,970
  Additional Paid-In Capital2.3%482471466462451
Accumulated Depreciation-1.4%864876878868-
Shares Outstanding-2.0%58.0059.00---
Minority Interest-8.8%-0.10-0.09-0.08-0.06-0.19
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations0.5%383382361363365
  Share Based Compensation-4.7%25.0027.0027.0029.0024.00
Cashflow From Investing-508.7%-504-82.91-157-242-205
Cashflow From Financing144.1%134-303-235-207-221
  Dividend Payments1.7%131129126124122
  Buy Backs-16.4%181217241241165

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 ascendingFund NameType% 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%

1–10 of 48

Latest Funds Activity

Are funds buying LECO calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own LECO
No. of Funds

Lincoln Electric Holdings News

MarketBeat

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Shares Sold by ....

MarketBeat,
5 hours ago

Nasdaq

Seeking Alpha

Schedule 13G FIlings of Lincoln Electric Holdings

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Christopher L. Mapes
11000
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

2022-12-31
CONSOLIDATED 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 sold2,480,4512,165,5751,784,059
Gross profit1,280,7601,068,605871,341
Selling, general & administrative expenses656,636597,109543,802
Rationalization and asset impairment charges (Note 7)11,7889,82745,468
Operating income612,336461,669282,071
Interest expense, net29,50022,21421,973
Other income (expense) (Note 12)9,991(114,457)3,942
Income before income taxes592,827324,998264,040
Income taxes (Note 13)120,60348,41857,896
Net income including non-controlling interests472,224276,580206,144
Non-controlling interests in subsidiaries' income011429
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)8.044.603.42
Cash dividends declared per share$ 2.32$ 2.09$ 1.98

LECO Balance Sheet

2022-12-31
CONSOLIDATED 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; $11,105 in 2021)541,529429,074
Inventories (Note 16)665,451539,919
Other current assets153,660127,642
Total Current Assets1,557,7901,289,593
Property, plant and equipment, net (Note 1)544,871511,744
Intangibles, net (Note 5)202,706149,393
Goodwill (Note 5)665,257430,162
Deferred income taxes (Note 13)22,81118,318
Other assets187,111193,097
TOTAL ASSETS3,180,5462,592,307
Current Liabilities  
Amounts due banks (Note 9)82,44451,964
Trade accounts payable352,079330,230
Accrued employee compensation and benefits109,369108,562
Dividends payable36,87932,921
Other current liabilities261,087231,462
Current portion of long-term debt (Note 9)11,039766
Total Current Liabilities852,897755,905
Long-term debt, less current portion (Note 9)1,110,396717,089
Deferred income taxes (Note 13)17,02256,718
Other liabilities166,190198,686
Total Liabilities2,146,5051,728,398
Shareholders' Equity  
Preferred shares, without par value - at stated capital amount; authorized - 5,000,000 shares; issued and outstanding - none00
Common shares, without par value - at stated capital amount; authorized - 240,000,000 shares; issued - 98,581,434 shares in 2022 and 2021; outstanding - 57,623,539 shares in 2022 and 58,786,776 shares in 20219,8589,858
Additional paid-in capital481,857451,268
Retained earnings3,306,5002,970,303
Accumulated other comprehensive loss (Note 8)(275,299)(257,386)
Treasury shares, at cost - 40,957,895 shares in 2022 and 39,794,658 shares in 2021(2,488,776)(2,309,941)
Total Shareholders' Equity1,034,140864,102
Non-controlling interests(99)(193)
Total Equity1,034,041863,909
TOTAL LIABILITIES AND TOTAL EQUITY$ 3,180,546$ 2,592,307