LINCOLN ELECTRIC HOLDINGS INC
At today's price, LINCOLN ELECTRIC HOLDINGS INC (LECO) is priced for +18.8% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Lincoln Electric is, by its own account, ⟦"the world's largest manufacturer of arc welding solutions"⟧, selling consumables, equipment, and automation across a global industrial base with few broad-line competitors. • The business is high quality, a 16.6% operating margin and double-digit revenue growth in the most recent quarter, funded with modest leverage of under 1.5 times operating income. • The stock trades at a rich multiple of profits, around 22 times operating income, so the price is
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666 institutional managers reported holding LECO in 13F filings for the quarter ended 2026-03-31. Together they hold about 81% of the company; the top 10 hold 42%. 73 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 1.2M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (3.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
LECO has cut its share count 7.8% over the past five years, spending $1.15B on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting), raised 12 years straight; the current rate is $3.04 a share annually. Cash returned over the past three years: $447.99M in dividends and $772.26M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at LECO over the trailing three years. Absence is a fact about the company, not a signal. 21 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
LECO's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-28 | -2.4% | -8.7% |
| 2023-10-28 | +2.7% | +25.9% |
| 2024-02-28 | +7.9% | -14.5% |
| 2024-04-26 | -3.2% | -18.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
LECO's latest 8-K filings: 2026-04-30 (items 2.02, 9.01); 2026-04-21 (items 5.07); 2026-02-12 (items 2.02, 9.01); 2025-10-30 (items 2.02, 9.01); 2025-10-20 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.