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How to buy Lincoln Electric stock (LECO)

Buy Lincoln Electric stock in 5 easy steps, view past price performance and learn what’s ahead for the company.

Lincoln Electric is a tools & accessories business based in the US. Lincoln Electric shares (LECO) are listed on the NASDAQ and all prices are listed in US Dollars. Lincoln Electric employs 12,000 staff and has a trailing 12-month revenue of around $4.1 billion.

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  4. Search for the stock name – LECO. Search for the stock by name or ticker symbol.
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Lincoln Electric stock price (NASDAQ: LECO)

Use our graph to track the performance of LECO stocks over time.

Lincoln Electric shares at a glance

Information last updated 2024-07-22.
Latest market close$206.50
52-week range$162.39 - $259.41
50-day moving average $197.55
200-day moving average $215.22
Wall St. target price$222.56
PE ratio 21.4591
Dividend yield $2.7 (1.41%)
Earnings per share (TTM) $9.41

Is it a good time to buy Lincoln Electric stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Lincoln Electric price performance over time

Historical closes compared with the close of $206.5 from 2024-07-25

1 week (2024-07-19) 2.26%
1 month (2024-06-27) 10.36%
3 months (2024-04-26) -10.19%
6 months (2024-01-26) -7.83%
1 year (2023-07-27) 4.42%
2 years (2022-07-23) N/A
3 years (2021-07-27) 52.05%
5 years (2019-07-26) 147.89%

Is Lincoln Electric stock undervalued or overvalued?

Valuing Lincoln Electric stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Lincoln Electric's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Lincoln Electric's P/E ratio

Lincoln Electric's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 21x. In other words, Lincoln Electric shares trade at around 21x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Lincoln Electric's PEG ratio

Lincoln Electric's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.0927. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Lincoln Electric's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Lincoln Electric's EBITDA

Lincoln Electric's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $798.6 million.

The EBITDA is a measure of a Lincoln Electric's overall financial performance and is widely used to measure a its profitability.

Lincoln Electric financials

Revenue TTM $4.1 billion
Operating margin TTM 17.46%
Gross profit TTM $1.3 billion
Return on assets TTM 13.41%
Return on equity TTM 44.94%
Profit margin 13.23%
Book value $22.98
Market Capitalization $11.5 billion

TTM: trailing 12 months

Lincoln Electric share dividends

29%

Dividend payout ratio: 29.1% of net profits

Recently Lincoln Electric has paid out, on average, around 29.1% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.41% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Lincoln Electric shareholders could enjoy a 1.41% return on their shares, in the form of dividend payments. In Lincoln Electric's case, that would currently equate to about $2.7 per share.

While Lincoln Electric's payout ratio might seem fairly standard, it's worth remembering that Lincoln Electric may be investing much of the rest of its net profits in future growth.

Lincoln Electric's most recent dividend payout was on 14 October 2024. The latest dividend was paid out to all shareholders who bought their shares by 29 September 2024 (the "ex-dividend date").

Have Lincoln Electric's shares ever split?

Lincoln Electric's shares were split on a 2:1 basis on 31 May 2011. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Lincoln Electric shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Lincoln Electric shares which in turn could have impacted Lincoln Electric's share price.

Lincoln Electric share price volatility

Over the last 12 months, Lincoln Electric's shares have ranged in value from as little as $162.3945 up to $259.4091. A popular way to gauge a stock's volatility is its "beta".

LECO.US volatility(beta: 1.16)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Lincoln Electric's is 1.163. This would suggest that Lincoln Electric's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Lincoln Electric overview

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 brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States. In addition, 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; provides specialty welding consumables, wear plates and maintenance and repair services for alloy and wear-resistant products used in mining, steel, agricultural, and industrial mill applications; and designs and manufactures robotic assembly and arc welding systems that automate the tacking and welding of steel beams. Further, the company serves general fabrication, oil and gas, power generation, 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.

Frequently asked questions

What percentage of Lincoln Electric is owned by insiders or institutions?
Currently 1.647% of Lincoln Electric shares are held by insiders and 79.455% by institutions.
How many people work for Lincoln Electric?
Latest data suggests 12,000 work at Lincoln Electric.
When does the fiscal year end for Lincoln Electric?
Lincoln Electric's fiscal year ends in December.
Where is Lincoln Electric based?
Lincoln Electric's address is: 22801 St. Clair Avenue, Cleveland, OH, United States, 44117
What is Lincoln Electric's ISIN number?
Lincoln Electric's international securities identification number is: US5339001068
What is Lincoln Electric's CUSIP number?
Lincoln Electric's Committee on Uniform Securities Identification Procedures number is: 533543203

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