LINCOLN ELECTRIC HOLDINGS INC · Metalworkg Machinery & Equipment

LECO

Low riskNext report: Around Feb 11, 2027 (est.)

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The short version

A profitable company with growing sales. Institutions are trimming.

Going well

Sales up 15% in the latest quarter vs a year ago
Profitable every year for 10 years
Sales growth speeding up

Money moves

No insider buying or selling in the last 30 days
Institutions cut 3.2% from their holdings in the quarter ending June 2026 (288 bought, 323 sold)
Held by Ray Dalio (Bridgewater), Cathie Wood (ARK Invest)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$258.55+1.0% that day

Company value: $14.0B; Share price times all shares
Price vs profit (P/E): 24.8x; You pay about $25 for each $1 of yearly profit
Price vs sales: 3.0x; Company value is 3.0 times a year of sales
Dividend yield: 1.2%; Yearly dividend as a share of today's price
Cash vs value: 2%; Cash as a share of company value
Debt vs value: 8%; Debt as a share of company value

From LECO's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Sep '26

$1.2B+15% vs a year earlier

Dec '23Tap a barSep '26

Last 12 months: $4.6B, up 11% from the 12 months before. Over 5 years, sales grew about 9.8% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of LECO. Starting points are the company's recent numbers.

Sales growth+11% a yearRecently: +11% a yearProfit margin12%Last 12 months: 12.4%P/E at the end25xToday: 24.8x. Many steady companies trade at 12x to 25xShare count change-2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$7.8B

Profit in 5 years$938M

Price these guesses point to$479.26+85% vs $258.55 todayAbout +13% a year, before dividends

What today's price needs: with a 12% margin and a 25x P/E, sales could shrink about 1.9% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/7Mixed

PassReturn on equity 15%+Earns a lot on the money owners have in the business.37.2%
MissDebt under half of equityNot relying on borrowed money.0.78x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.12.3%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$661.2M
PassShare count not growingNot diluting owners. Falling means buybacks.-4.9% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.36.2%

Revenue: $4.2B; +5.6% vs prior year
5-year growth: +9.8%/yr; revenue, per year
Total debt: $1.2B; 0.78x equity
Current ratio: 1.82x; short-term assets / bills due

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.