Lincoln Electric Holdings, Inc. (LECO)

In the past six months, Lincoln Electric Holdings, Inc. stock has trended upwards by 24.71%. Key events impacting the stock price include Q2 and Q3 2025 earnings reports surpassing revenue and earnings expectations, a dividend increase of 5.3%, analyst rating changes with both increased price objectives and downgrades, and participation in financial conferences. The Q4 2024 earnings report also showed the company beating Wall Street's expectations.

Lincoln Electric's demand is generally tied to the health of the industrial and manufacturing sectors. Cash conversion is typically lower in the fourth quarter due to higher uses of cash for incentive compensation payments. The company generally sees strength in demand towards the end of the first quarter, aligning with the spring season. Recent performance indicates that demand has slowed, with annualized revenue growth of 1.4% over the last two years, which is below its five-year trend.

Lincoln Electric Holdings, Inc. is a global leader in the manufacturing of advanced arc welding solutions, cutting systems, and brazing products, operating with a strong international presence and a commitment to innovation and sustainability. The company is engaged in the design, development, and manufacture of welding, cutting, and brazing products, categorized into Americas Welding, International Welding, and The Harris Products Group. Beyond these core offerings, Lincoln Electric also provides mobile power solutions, fume control equipment, safety and personal protective equipment, and education solutions, serving diverse industries such as general fabrication, oil and gas, power generation, automotive and transportation, construction and infrastructure, shipbuilding, and maintenance and repair markets.

Lincoln Electric has a significant global footprint, headquartered in Cleveland, Ohio, USA, operating 71 manufacturing and automation system integration locations across 20 countries and maintaining a worldwide network of distributors and sales offices serving customers in over 160 countries. Its operations span North America, South America, Europe, Africa, Asia, Australia, the Middle East, and Latin America, with specific manufacturing facilities located in the US, Australia, Brazil, China, and several European nations.

Lincoln Electric has cultivated a strong brand reputation over its 130-year history, being recognized as "The Welding Experts®" and holding a leading market share globally. The company's reputation is built on its expertise in metallurgy, automation, power electronics, and software. In the past year, Lincoln Electric has actively reinforced its brand through a strong focus on sustainability and safety, with key achievements including safety improvements, environmental stewardship, ESG integration, and industry recognition.

Institutional investors hold a significant portion of Lincoln Electric Holdings, Inc. stock, ranging from approximately 65.11% to 82%, suggesting considerable influence over the company's share price. Major institutional owners include The Vanguard Group, Inc., BlackRock, Inc., and State Street Global Advisors, Inc. Individual insider ownership is relatively small, typically less than 1% of the company's shares, while the general public holds around 16% to 18% of the ownership.