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 welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products. The company's product offering also includes computer numeric controlled plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting, and brazing; and consumables used in the brazing and soldering alloys market. In addition, it is involved in the retail business in the United States. Lincoln Electric Holdings, Inc. serves general fabrication, energy and process, automotive and transportation, and construction and infrastructure industries, as well as heavy fabrication, ship building, and maintenance and repair markets. The company sells its products directly to users of welding products, as well as through industrial distributors, retailers, and agents. Lincoln Electric Holdings, Inc. was founded in 1895 and is headquartered in Cleveland, Ohio.
IPO Year:
Exchange: NASDAQ
Website: lincolnelectric.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2024 | $178.00 | Underweight | Morgan Stanley |
| 10/31/2023 | $210.00 | Neutral → Buy | Seaport Research Partners |
| 9/27/2023 | $170.00 | Sell | UBS |
| 7/21/2023 | Outperform → Perform | Oppenheimer | |
| 6/28/2023 | $232.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 5/16/2023 | Neutral | CL King | |
| 2/11/2022 | $141.00 → $143.00 | Equal-Weight | Morgan Stanley |
| 1/6/2022 | $170.00 | Buy | Loop Capital |
| 12/9/2021 | $138.00 → $141.00 | Equal-Weight | Morgan Stanley |
| 10/29/2021 | $158.00 → $160.00 | Outperform | Oppenheimer |
Morgan Stanley initiated coverage of Lincoln Electric with a rating of Underweight and set a new price target of $178.00
Seaport Research Partners upgraded Lincoln Electric from Neutral to Buy and set a new price target of $210.00
UBS initiated coverage of Lincoln Electric with a rating of Sell and set a new price target of $170.00
Oppenheimer downgraded Lincoln Electric from Outperform to Perform
KeyBanc Capital Markets upgraded Lincoln Electric from Sector Weight to Overweight and set a new price target of $232.00
CL King initiated coverage of Lincoln Electric with a rating of Neutral
Morgan Stanley reiterated coverage of Lincoln Electric Holdings with a rating of Equal-Weight and set a new price target of $143.00 from $141.00 previously
Loop Capital initiated coverage of Lincoln Electric with a rating of Buy and set a new price target of $170.00
Morgan Stanley reiterated coverage of Lincoln Electric Holdings with a rating of Equal-Weight and set a new price target of $141.00 from $138.00 previously
Oppenheimer reiterated coverage of Lincoln Electric Holdings with a rating of Outperform and set a new price target of $160.00 from $158.00 previously
4 - LINCOLN ELECTRIC HOLDINGS INC (0000059527) (Issuer)
4 - LINCOLN ELECTRIC HOLDINGS INC (0000059527) (Issuer)
4 - LINCOLN ELECTRIC HOLDINGS INC (0000059527) (Issuer)
4 - LINCOLN ELECTRIC HOLDINGS INC (0000059527) (Issuer)
4 - LINCOLN ELECTRIC HOLDINGS INC (0000059527) (Issuer)
4 - LINCOLN ELECTRIC HOLDINGS INC (0000059527) (Issuer)
4 - LINCOLN ELECTRIC HOLDINGS INC (0000059527) (Issuer)
4 - LINCOLN ELECTRIC HOLDINGS INC (0000059527) (Issuer)
4 - LINCOLN ELECTRIC HOLDINGS INC (0000059527) (Issuer)
4 - LINCOLN ELECTRIC HOLDINGS INC (0000059527) (Issuer)
Lincoln Electric Holdings, Inc. (the "Company") (NASDAQ:LECO) announced today that Michele Kuhrt, Executive Vice President, Chief Transformation Officer is retiring effective August 31, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250224575246/en/Michele Kuhrt, EVP & CTO, Lincoln Electric (Photo: Business Wire) Ms. Kuhrt joined Lincoln Electric in 1997 and over her nearly 30-year career at Lincoln Electric, has held numerous executive leadership positions, including Chief Information Officer and Chief Human Resources Officer. Since 2024, she has held the position as Executive Vice President, Chief Transformation Officer
RPM International Inc. (NYSE:RPM) today announced the appointment of three individuals, Craig S. Morford, Christopher L. Mapes and Julie A. Beck, to its board of directors. These appointments reflect RPM's ongoing commitment to expanding the expertise, diversity and leadership capabilities of its board as the company continues to drive long-term growth and shareholder value. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250113146614/en/Christopher L. Mapes (Photo: Business Wire) The appointments of Mr. Morford and Mr. Mapes are effective immediately, and Ms. Beck's term is set to commence on April 7, 2025. With these additions,
Lincoln Electric Holdings, Inc. (the "Company") (NASDAQ:LECO) today announced that Christopher L. Mapes, Executive Chair, will retire from his position as Executive Chair and a member of the Board of Directors on December 31, 2024. The Board of Directors has elected Steven B. Hedlund, currently Chief Executive Officer and a Director, to succeed Mr. Mapes as Chair of the Board, effective January 1, 2025. Mr. Hedlund will assume this position in addition to his role as President and Chief Executive Officer. "We thank Chris for his many years of service and congratulate him for leading Lincoln Electric to record performance and superior shareholders returns, while establishing the Company as
Lincoln Electric Holdings, Inc. (NASDAQ:LECO) ("Company") announced today that Susan C. Edwards has joined the Company to serve as Senior Vice President, Chief Human Resources Officer (CHRO), effective April 8, 2024. Reporting to Steven Hedlund, President and CEO, she will join the executive team and will lead the Company's global human resources strategy and operations, talent management, training and employee development programs, and compensation and benefits. Edwards succeeds Michele Kuhrt, who was recently named, Executive Vice President, Chief Transformation Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240404795
Lincoln Electric Holdings, Inc. (NASDAQ:LECO) ("Company"), announced today that Michele R. Kuhrt has been appointed as Executive Vice President, Chief Transformation Officer (CTO), effective April 8, 2024. In this newly created role, Kuhrt will lead initiatives to accelerate business process standardization and organizational alignment under the Lincoln Electric Business System (LBS) to support the Company's strategic goals. She will continue to serve as a member of the executive leadership team and report to Steven B. Hedlund, President and Chief Executive Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240403151965/en/
Nordson Corporation (NASDAQ:NDSN) announced the election of Christopher L. Mapes, retired president and chief executive officer of Lincoln Electric Holdings, Inc. (NASDAQ:LECO), to its board of directors, effective today. Mr. Mapes has more than 38 years of experience leading diversified global manufacturing companies. Beyond his keen understanding of the manufacturing industry, Mr. Mapes has significant experience in the areas of mergers and acquisitions, global operations, international compliance and developing and implementing strategic operating plans. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240115539778/en/Christoph
CLEVELAND, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (NASDAQ:LECO) ("Company"), announced today that J. Ashley Hall has joined the Company to serve as Senior Vice President, Global Procurement, effective immediately. In this new role, Hall will oversee global procurement as a member of the executive leadership team and will report to Steven B. Hedlund, Executive Vice President, Chief Operating Officer, who will be promoted to the position of Chief Executive Officer beginning January 1, 2024. "I am pleased to welcome Ash to the team, and I am confident his leadership experience and track record of advancing efficient procurement, supplier performance and operati
Christopher Mapes to be Designated Executive Chairman Steven Hedlund, Chief Operating Officer, to be Named President and Chief Executive Officer CLEVELAND, July 27, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (the "Company") (NASDAQ:LECO) announced today that Christopher L. Mapes, Chairman, President and Chief Executive Officer (CEO), who has served as President and CEO since 2012, will retire as President and CEO on December 31, 2023, and will be designated as Executive Chairman of the Board, effective January 1, 2024. Steven B. Hedlund, who has been with the Company for 15 years and serves as Chief Operating Officer, will be named Presid
CLEVELAND, May 05, 2022 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (the "Company") (NASDAQ:LECO) today announced that Michelle N. Butler has been appointed Vice President, Environmental, Health and Safety (EHS) & Sustainability, reporting to the Executive Vice President, General Counsel and Secretary. In this new role, Butler will oversee the Company's EHS & Sustainability policies, procedures and operational initiatives to advance safety, health, incident and accident prevention, regulatory compliance, and environmental management performance. She will also lead the Company's sustainability program and its Sustainability Committee to enhance environmental performance and product
First Quarter 2025 Highlights Net sales of $1,004 million Operating income margin of 16.4%; Adjusted operating income margin of 16.9% EPS of $2.10; Adjusted EPS of $2.16 Record first quarter cash flows from operations of $186 million and 130% cash conversion Returned $150 million to shareholders through dividends and share repurchases Lincoln Electric Holdings, Inc. (the "Company") (NASDAQ:LECO) today reported first quarter 2025 net income of $118.5 million, or diluted earnings per share (EPS) of $2.10, which included special item after-tax net charges of $3.4 million, or $0.06 EPS. This compares with prior year period net income of $123.4 million, or $2.14 EPS, which included s
Lincoln Electric Holdings, Inc., (NASDAQ:LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.75 per common share, payable July 15, 2025, to shareholders of record as of June 30, 2025. Business Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers' fabricatio
Lincoln Electric Holdings, Inc., (the "Company") (NASDAQ:LECO) announced today that it will release its first quarter 2025 results on Wednesday, April 30, 2025, prior to market open. An investor conference call and webcast will take place at 10:00 a.m. (ET) later that day. The event is available via webcast in listen-only mode and can be accessed here or on the Company's Investor Relations home page at https://ir.lincolnelectric.com. To participate via telephone, please dial (888) 440-4368 (domestic) or (646) 960-0856 (international) and use confirmation code 6709091. Telephone participants are asked to connect 10 minutes prior to the start of the conference call. A replay of the earnings
Lincoln Electric Holdings, Inc., (NASDAQ:LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.75 per common share, payable April 15, 2025, to shareholders of record as of March 31, 2025. Business Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers' fabricat
Fourth Quarter 2024 Highlights Net sales of $1,022 million Operating income margin of 17.3%; Adjusted operating income margin of 18.2% EPS of $2.47; Adjusted EPS of $2.57 Full Year 2024 Highlights Net sales of $4.0 billion Operating income margin of 15.9%; Adjusted operating income margin of 17.6% EPS of $8.15; Adjusted EPS of $9.29 Cash flows from operations of $599 million Returned $426 million to shareholders through dividends and share repurchases Lincoln Electric Holdings, Inc. (the "Company") (NASDAQ:LECO) today reported fourth quarter 2024 net income of $140.2 million, or diluted earnings per share (EPS) of $2.47, which included special item after-
Lincoln Electric Holdings, Inc., (the "Company") (NASDAQ:LECO) announced today that it will release its fourth quarter and full year 2024 results on Thursday, February 13, 2025, prior to market open. An investor conference call and webcast will take place at 10:00 a.m. (ET) later that day. The event is available via webcast in listen-only mode and can be accessed here or on the Company's Investor Relations home page at https://ir.lincolnelectric.com. To participate via telephone, please dial (888) 440-4368 (domestic) or (646) 960-0856 (international) and use confirmation code 6709091. Telephone participants are asked to connect 10 minutes prior to the start of the conference call. A repla
Third Quarter 2024 Highlights Net sales of $984 million Operating income margin of 14.8%; Adjusted operating income margin of 17.3% EPS of $1.77; Adjusted EPS of $2.14 Cash flows from operations of $199 million and 134% cash conversion Returned $91 million to shareholders through dividends and share repurchases Lincoln Electric Holdings, Inc. (the "Company") (NASDAQ:LECO) today reported third quarter 2024 net income of $100.8 million, or diluted earnings per share (EPS) of $1.77, which includes special item after-tax net charges of $21.6 million, or $0.37 EPS. This compares with prior year period net income of $129.3 million, or $2.22 EPS, which included special item after-t
29th Consecutive Annual Dividend Increase Lincoln Electric Holdings, Inc., (NASDAQ:LECO) announced today that its Board of Directors has approved a 5.6% increase in the quarterly cash dividend to $0.75 per share, or $3.00 per share on an annualized basis. The dividend is payable January 15, 2025, to shareholders of record at the close of business on December 31, 2024. "Our dividend increase reflects strong cash flow generation of the business, solid execution of our Higher Standard 2025 Strategy, and confidence in our ability to continue to deliver superior long-term value for our shareholders through the cycle," stated Steven B. Hedlund, President and Chief Executive Officer. About Linc
Lincoln Electric Holdings, Inc., (the "Company") (NASDAQ:LECO) announced today that it will release its third quarter 2024 results on Thursday, October 31, 2024, prior to market open. An investor conference call and webcast will take place at 10:00 a.m. (ET) later that day. The event is available via webcast in listen-only mode and can be accessed here or on the Company's Investor Relations home page at https://ir.lincolnelectric.com. To participate via telephone, please dial (888) 440-4368 (domestic) or (646) 960-0856 (international) and use confirmation code 6709091. Telephone participants are asked to connect 10 minutes prior to the start of the conference call. A replay of the earnings
Second Quarter 2024 Highlights Net sales of $1,022 million Operating income margin of 14.6%; Adjusted operating income margin of 17.4% EPS of $1.77; Adjusted EPS of $2.34 Cash flows from operations of $171 million Returned $91 million to shareholders through dividends and share repurchases Lincoln Electric Holdings, Inc. (the "Company") (NASDAQ:LECO) today reported second quarter 2024 net income of $101.7 million, or diluted earnings per share (EPS) of $1.77, which includes special item after-tax net charges of $32.6 million, or $0.57 EPS. This compares with prior year period net income of $137.3 million, or $2.36 EPS, which included special item after-tax net charges
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Event Honors the Company's 30th Year Listed on the NASDAQ and its 130th Anniversary Lincoln Electric Holdings, Inc. (NASDAQ:LECO) ("the Company"), the leading global manufacturer of advanced arc welding solutions, announced today that the Company will ring the Nasdaq Stock Market opening bell on Tuesday, June 10, 2025, which will begin at approximately 9:15am ET. Chair, President and CEO, Steven B. Hedlund, along with members of the Company's Board of Directors and its leadership team, will participate in the ceremonial bell ringing at the Nasdaq MarketSite in Times Square. The event recognizes the Company's 30th anniversary listed on the NASDAQ and marks the Company's 130 years of inno
First Quarter 2025 Highlights Net sales of $1,004 million Operating income margin of 16.4%; Adjusted operating income margin of 16.9% EPS of $2.10; Adjusted EPS of $2.16 Record first quarter cash flows from operations of $186 million and 130% cash conversion Returned $150 million to shareholders through dividends and share repurchases Lincoln Electric Holdings, Inc. (the "Company") (NASDAQ:LECO) today reported first quarter 2025 net income of $118.5 million, or diluted earnings per share (EPS) of $2.10, which included special item after-tax net charges of $3.4 million, or $0.06 EPS. This compares with prior year period net income of $123.4 million, or $2.14 EPS, which included s
Lincoln Electric Holdings, Inc. (NASDAQ:LECO) today announced that Gabriel Bruno, Executive Vice President and Chief Financial Officer, will speak at the Oppenheimer 20th Annual Industrial Growth Conference being held virtually on Wednesday, May 7, 2025, at 2:15pm Eastern Time. The presentation will be webcast and can be accessed on our Investor Relations web site at https://ir.lincolnelectric.com. A replay will also be accessible on our Investor Relations web site. About Lincoln Electric Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipme
Lincoln Electric Holdings, Inc., (NASDAQ:LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.75 per common share, payable July 15, 2025, to shareholders of record as of June 30, 2025. Business Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers' fabricatio
Lincoln Electric Holdings, Inc., (the "Company") (NASDAQ:LECO) announced today that it will release its first quarter 2025 results on Wednesday, April 30, 2025, prior to market open. An investor conference call and webcast will take place at 10:00 a.m. (ET) later that day. The event is available via webcast in listen-only mode and can be accessed here or on the Company's Investor Relations home page at https://ir.lincolnelectric.com. To participate via telephone, please dial (888) 440-4368 (domestic) or (646) 960-0856 (international) and use confirmation code 6709091. Telephone participants are asked to connect 10 minutes prior to the start of the conference call. A replay of the earnings
Annual recognition honors organizations committed to business integrity through robust ethics, compliance, and governance programs Lincoln Electric Holdings Inc., (NASDAQ:LECO) is pleased to announce that it has received the 2025 World's Most Ethical Companies® recognition by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. Lincoln Electric has been recognized seven times and is one of 12 honorees in the Industrial Manufacturing category. In 2025, 136 honorees were recognized spanning 19 countries and 44 industries. "We are honored to be recognized by Ethisphere for the seventh time for how we live and lead by the Golden Rule and prioriti
Lincoln Electric Holdings, Inc. (the "Company") (NASDAQ:LECO) announced today that Michele Kuhrt, Executive Vice President, Chief Transformation Officer is retiring effective August 31, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250224575246/en/Michele Kuhrt, EVP & CTO, Lincoln Electric (Photo: Business Wire) Ms. Kuhrt joined Lincoln Electric in 1997 and over her nearly 30-year career at Lincoln Electric, has held numerous executive leadership positions, including Chief Information Officer and Chief Human Resources Officer. Since 2024, she has held the position as Executive Vice President, Chief Transformation Officer
Lincoln Electric Holdings, Inc., (NASDAQ:LECO) today announced that N. Joy Falotico, former President of The Lincoln Motor Company, a division of Ford Motor Company (NYSE:F), has been elected to Lincoln Electric's Board of Directors, effective February 19, 2025. She will serve as a member of the Audit and the Nominating and Corporate Governance Committees. Ms. Falotico's appointment expands Lincoln Electric's Board to 12 directors, 11 of whom are independent, non-employee directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250220570397/en/N. Joy Falotico elected to Lincoln Electric's Board of Directors. Photo copyright of L
Lincoln Electric Holdings, Inc., (NASDAQ:LECO) announced today that its Board of Directors has declared a quarterly cash dividend of $0.75 per common share, payable April 15, 2025, to shareholders of record as of March 31, 2025. Business Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers' fabricat
Fourth Quarter 2024 Highlights Net sales of $1,022 million Operating income margin of 17.3%; Adjusted operating income margin of 18.2% EPS of $2.47; Adjusted EPS of $2.57 Full Year 2024 Highlights Net sales of $4.0 billion Operating income margin of 15.9%; Adjusted operating income margin of 17.6% EPS of $8.15; Adjusted EPS of $9.29 Cash flows from operations of $599 million Returned $426 million to shareholders through dividends and share repurchases Lincoln Electric Holdings, Inc. (the "Company") (NASDAQ:LECO) today reported fourth quarter 2024 net income of $140.2 million, or diluted earnings per share (EPS) of $2.47, which included special item after-
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