Lincoln Electric (LECO)
Builds welding, cutting, and automation systems for industrial production.
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Sells welding consumables and equipment, automated joining and assembly systems, cutting products, and brazing alloys through three operating segments. A global manufacturing and integration network pairs long-standing arc-welding specialization with acquisition-led expansion into automation and additive manufacturing.
Sells welding consumables and equipment alongside automated joining, assembly and cutting systems, brazing and soldering alloys, and additive manufacturing services. Operations are reported through Americas Welding, International Welding, and The Harris Products Group.
Manufacturing and automation integration span a global network, while distribution and sales reach more than 160 countries. Technical specialization in arc welding and a pay-for-performance operating culture support execution across this global footprint.
Growth beyond core welding has relied partly on acquisitions in automation, material handling, testing, mobile robotics, software, and large-scale additive manufacturing. Results depend on industrial end-market conditions, acquisition integration, input and labor costs, currency movements, and maintaining a skilled global workforce.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 10, 2026 | UBS | Initiate | Rating: —Target: — | Target: $340 |
| Aug 10, 2026 | Morgan Stanley | Upgrade | Target: $250 | Target: $283 |
| Jun 15, 2026 | D.A. Davidson | Target | Target: — | Target: $320 |
| May 5, 2026 | Barclays | Reiterate | Rating: —Target: $310 | Target: $300 |
| May 4, 2026 | Morgan Stanley | Target | Target: $240 | Target: $250 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $242.4M · Total debt $1.15B · Total assets $3.81B · Shareholders' equity $1.55B
- Revenue
- $1.22B
- Operating income
- $224.1M
- Net income
- $158.5M
HistoryDividendAnnual yieldUpcoming
| Institutions | 82.43% | 44.93M shares | |
|---|---|---|---|
| 719 holders · as of Jun 30, 2026 | |||
| Insiders | 5.88% | 3.21M shares | |
| 22 holders · as of Aug 24, 2026 | |||
| Other | 11.69% | 6.37M shares | |
| remainder | |||
54.51M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.89% | 5.39M | as of Jun 30, 2026 |
Page 2 of 5 PagesInsider | 5.38% | 2.93M | filed Feb 1, 2018 |
Vanguard Portfolio Management LLCInstitution | 4.71% | 2.56M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.54% | 2.48M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.14% | 2.25M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 16, 2026 | Michael J. Whitehead | officer: EVP, PRESIDENT, AMERICAS WELD | −845 | $274.81 |
| Mar 2, 2026 | Gabriel Bruno | officer: EVP, CFO & TREASURER | −17,473 | $286.29 |
| Feb 17, 2026 | Jennifer I. Ansberry | officer: EVP, GENERAL COUNSEL & SECY | −10,657 | $288.85 |
- ESAB
Global welding, cutting, automation and gas-control technology supplier
- Illinois Tool Works
Welding equipment, consumables, automation and safety systems rival
- ATS (ADR)
Turnkey transport and aerospace assembly, handling and testing rival
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Lincoln Electric | $263.28 | +1.92% | $14.08B | 25.8 | 22.1 | 3.1 | +12.0% |
| ESAB | $68.23 | +1.82% | $4.08B | 24.5 | 11.5 | 1.4 | +12.9% |
| Illinois Tool Works | $269.31 | +0.67% | $76.97B | 24.3 | 22.9 | 4.7 | +6.1% |
| ATS (ADR) | $19.17 | +0.05% | $1.88B | 56.4 | 22.1 | 0.9 | −9.7% |
| Median | 24.5 | 22.1 | 1.4 | +6.1% |