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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 15.71
LECO's Cash to Debt is ranked higher than
81% of the 1902 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.35 vs. LECO: 15.71 )
LECO' s 10-Year Cash to Debt Range
Min: 0.05   Max: 15.71
Current: 15.71

0.05
15.71
Equity to Asset 0.71
LECO's Equity to Asset is ranked higher than
82% of the 1914 Companies
in the Global Tools & Accessories industry.

( Industry Median: 0.53 vs. LECO: 0.71 )
LECO' s 10-Year Equity to Asset Range
Min: 0.35   Max: 0.71
Current: 0.71

0.35
0.71
Interest Coverage 142.10
LECO's Interest Coverage is ranked higher than
76% of the 1274 Companies
in the Global Tools & Accessories industry.

( Industry Median: 24.60 vs. LECO: 142.10 )
LECO' s 10-Year Interest Coverage Range
Min: 5.65   Max: 142.1
Current: 142.1

5.65
142.1
F-Score: 6
Z-Score: 8.83
M-Score: -2.60
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 14.27
LECO's Operating margin (%) is ranked higher than
90% of the 1909 Companies
in the Global Tools & Accessories industry.

( Industry Median: 5.93 vs. LECO: 14.27 )
LECO' s 10-Year Operating margin (%) Range
Min: 5.39   Max: 14.27
Current: 14.27

5.39
14.27
Net-margin (%) 10.30
LECO's Net-margin (%) is ranked higher than
88% of the 1909 Companies
in the Global Tools & Accessories industry.

( Industry Median: 4.16 vs. LECO: 10.30 )
LECO' s 10-Year Net-margin (%) Range
Min: 2.81   Max: 10.3
Current: 10.3

2.81
10.3
ROE (%) 19.24
LECO's ROE (%) is ranked higher than
95% of the 1896 Companies
in the Global Tools & Accessories industry.

( Industry Median: 6.48 vs. LECO: 19.24 )
LECO' s 10-Year ROE (%) Range
Min: 4.53   Max: 24.73
Current: 19.24

4.53
24.73
ROA (%) 13.65
LECO's ROA (%) is ranked higher than
97% of the 1912 Companies
in the Global Tools & Accessories industry.

( Industry Median: 3.38 vs. LECO: 13.65 )
LECO' s 10-Year ROA (%) Range
Min: 2.85   Max: 13.65
Current: 13.65

2.85
13.65
ROC (Joel Greenblatt) (%) 46.60
LECO's ROC (Joel Greenblatt) (%) is ranked higher than
94% of the 1908 Companies
in the Global Tools & Accessories industry.

( Industry Median: 12.69 vs. LECO: 46.60 )
LECO' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 11.19   Max: 46.6
Current: 46.6

11.19
46.6
Revenue Growth (%) 12.20
LECO's Revenue Growth (%) is ranked higher than
84% of the 1516 Companies
in the Global Tools & Accessories industry.

( Industry Median: 5.40 vs. LECO: 12.20 )
LECO' s 10-Year Revenue Growth (%) Range
Min: -17.2   Max: 22.4
Current: 12.2

-17.2
22.4
EBITDA Growth (%) 25.80
LECO's EBITDA Growth (%) is ranked higher than
89% of the 1256 Companies
in the Global Tools & Accessories industry.

( Industry Median: 5.10 vs. LECO: 25.80 )
LECO' s 10-Year EBITDA Growth (%) Range
Min: -19.6   Max: 43.1
Current: 25.8

-19.6
43.1
EPS Growth (%) 32.30
LECO's EPS Growth (%) is ranked higher than
88% of the 1135 Companies
in the Global Tools & Accessories industry.

( Industry Median: 6.20 vs. LECO: 32.30 )
LECO' s 10-Year EPS Growth (%) Range
Min: -34.6   Max: 75.1
Current: 32.3

-34.6
75.1
» LECO's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

LECO Guru Trades in Q1 2013

Pioneer Investments 46,900 sh (New)
Jim Simons 347,938 sh (+77.85%)
Joel Greenblatt 143,104 sh (+14.78%)
Ken Fisher 1,145,872 sh (+0.61%)
Steven Cohen Sold Out
Mario Gabelli 115,000 sh (-0.86%)
Chuck Royce 7,612,639 sh (-10.83%)
» More
Q2 2013

LECO Guru Trades in Q2 2013

Steven Cohen 66,207 sh (New)
Pioneer Investments 127,300 sh (+171.43%)
Mario Gabelli 115,000 sh (unchged)
Ken Fisher 1,124,577 sh (-1.86%)
Joel Greenblatt 138,276 sh (-3.37%)
Chuck Royce 7,018,939 sh (-7.8%)
Jim Simons 289,038 sh (-16.93%)
» More
Q3 2013

LECO Guru Trades in Q3 2013

Steven Cohen 197,900 sh (+198.91%)
Mario Gabelli 115,000 sh (unchged)
Pioneer Investments 125,418 sh (-1.48%)
Ken Fisher 1,101,322 sh (-2.07%)
Joel Greenblatt 133,037 sh (-3.79%)
Chuck Royce 5,171,241 sh (-26.32%)
Jim Simons 207,338 sh (-28.27%)
» More
Q4 2013

LECO Guru Trades in Q4 2013

Paul Tudor Jones 5,529 sh (New)
Joel Greenblatt 239,688 sh (+80.17%)
Ken Fisher 1,104,447 sh (+0.28%)
Mario Gabelli 115,000 sh (unchged)
Pioneer Investments 119,869 sh (-4.42%)
Chuck Royce 3,891,986 sh (-24.74%)
Jim Simons 132,238 sh (-36.22%)
Steven Cohen 41,069 sh (-79.25%)
» More
» Details

Insider Trades

Latest Guru Trades with LECO

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-12-31 Add 80.17%0.18%$65.82 - $72.3 $ 69.07-2%239688
Meridian Funds 2012-09-30 Sold Out 0.31%$38.46 - $44.62 $ 69.0765%0
Joel Greenblatt 2012-09-30 Add 169.57%0.25%$38.46 - $44.62 $ 69.0765%154894
Joel Greenblatt 2012-06-30 Add 682.18%0.17%$41.61 - $50.24 $ 69.0750%57459
Meridian Funds 2012-06-30 Reduce -30.23%0.13%$41.61 - $50.24 $ 69.0750%215600
Meridian Funds 2012-03-31 Reduce -24.13%0.13%$39.78 - $47.49 $ 69.0765%309000
Joel Greenblatt 2012-03-31 Add 22.05%0.01%$39.78 - $47.49 $ 69.0765%7346
Joel Greenblatt 2011-12-31 New Buy0.03%$27.3 - $39.55 $ 69.0791%6019
Ray Dalio 2011-09-30 Sold Out 0.04%$27.99 - $38.44 $ 69.07109%0
George Soros 2011-09-30 Sold Out 0.0028%$27.99 - $38.44 $ 69.07108%0
Meridian Funds 2011-06-30 Reduce -59.27%0.41%$33.27 - $39.29 $ 69.0788%495000
Mario Gabelli 2011-06-30 Reduce -50%0.01%$33.27 - $39.29 $ 69.0788%116000
George Soros 2011-06-30 Reduce -53.33%$33.27 - $39.29 $ 69.0788%5600
Meridian Funds 2011-03-31 Add 100%0.35%$16.32 - $18.71 $ 69.07294%303800
George Soros 2011-03-31 Add 81.82%$16.32 - $18.71 $ 69.07294%3000
Premium More recent guru trades are included for Premium Members only!!
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Ratios

vs
industry
vs
history
P/E(ttm) 19.40
LECO's P/E(ttm) is ranked higher than
65% of the 1563 Companies
in the Global Tools & Accessories industry.

( Industry Median: 20.10 vs. LECO: 19.40 )
LECO' s 10-Year P/E(ttm) Range
Min: 6.25   Max: 51.96
Current: 19.4

6.25
51.96
P/B 3.70
LECO's P/B is ranked lower than
67% of the 1848 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.55 vs. LECO: 3.70 )
LECO' s 10-Year P/B Range
Min: 1.21   Max: 4.17
Current: 3.7

1.21
4.17
P/S 2.00
LECO's P/S is ranked lower than
68% of the 1923 Companies
in the Global Tools & Accessories industry.

( Industry Median: 0.91 vs. LECO: 2.00 )
LECO' s 10-Year P/S Range
Min: 0.52   Max: 2.19
Current: 2

0.52
2.19
PFCF 22.00
LECO's PFCF is ranked higher than
55% of the 1025 Companies
in the Global Tools & Accessories industry.

( Industry Median: 18.90 vs. LECO: 22.00 )
LECO' s 10-Year PFCF Range
Min: 6.24   Max: 123.1
Current: 22

6.24
123.1
EV-to-EBIT 13.70
LECO's EV-to-EBIT is ranked higher than
69% of the 1637 Companies
in the Global Tools & Accessories industry.

( Industry Median: 14.80 vs. LECO: 13.70 )
LECO' s 10-Year EV-to-EBIT Range
Min: 4   Max: 23.1
Current: 13.7

4
23.1
PEG 0.60
LECO's PEG is ranked higher than
86% of the 823 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.90 vs. LECO: 0.60 )
LECO' s 10-Year PEG Range
Min: 0.22   Max: 17.01
Current: 0.6

0.22
17.01
Shiller P/E 29.00
LECO's Shiller P/E is ranked higher than
54% of the 813 Companies
in the Global Tools & Accessories industry.

( Industry Median: 22.75 vs. LECO: 29.00 )
LECO' s 10-Year Shiller P/E Range
Min: 8.08   Max: 31.54
Current: 29

8.08
31.54

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.30
LECO's Dividend Yield is ranked lower than
59% of the 1411 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.63 vs. LECO: 1.30 )
LECO' s 10-Year Dividend Yield Range
Min: 1.1   Max: 3.81
Current: 1.3

1.1
3.81
Dividend Payout 0.23
LECO's Dividend Payout is ranked higher than
71% of the 1176 Companies
in the Global Tools & Accessories industry.

( Industry Median: 0.31 vs. LECO: 0.23 )
LECO' s 10-Year Dividend Payout Range
Min: 0.1   Max: 0.96
Current: 0.23

0.1
0.96
Dividend growth (3y) 13.00
LECO's Dividend growth (3y) is ranked higher than
81% of the 732 Companies
in the Global Tools & Accessories industry.

( Industry Median: 6.20 vs. LECO: 13.00 )
LECO' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 45.6
Current: 13

0
45.6
Yield on cost (5-Year) 2.20
LECO's Yield on cost (5-Year) is ranked higher than
61% of the 1451 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.80 vs. LECO: 2.20 )
LECO' s 10-Year Yield on cost (5-Year) Range
Min: 1.86   Max: 6.45
Current: 2.2

1.86
6.45
Share Buyback Rate 0.90
LECO's Share Buyback Rate is ranked higher than
89% of the 1183 Companies
in the Global Tools & Accessories industry.

( Industry Median: -0.70 vs. LECO: 0.90 )
LECO' s 10-Year Share Buyback Rate Range
Min: 4.7   Max: -31.1
Current: 0.9

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 45.10
LECO's Price/Net Current Asset Value is ranked lower than
89% of the 635 Companies
in the Global Tools & Accessories industry.

( Industry Median: 6.10 vs. LECO: 45.10 )
LECO' s 10-Year Price/Net Current Asset Value Range
Min: 25.7   Max: 86.93
Current: 45.1

25.7
86.93
Price/Tangible Book 4.70
LECO's Price/Tangible Book is ranked lower than
69% of the 1731 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.80 vs. LECO: 4.70 )
LECO' s 10-Year Price/Tangible Book Range
Min: 2.01   Max: 4.83
Current: 4.7

2.01
4.83
Price/DCF (Projected) 1.40
LECO's Price/DCF (Projected) is ranked higher than
60% of the 818 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.30 vs. LECO: 1.40 )
LECO' s 10-Year Price/DCF (Projected) Range
Min: 1.02   Max: 1.79
Current: 1.4

1.02
1.79
Price/Median PS Value 1.60
LECO's Price/Median PS Value is ranked lower than
69% of the 1806 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.10 vs. LECO: 1.60 )
LECO' s 10-Year Price/Median PS Value Range
Min: 0.35   Max: 1.66
Current: 1.6

0.35
1.66
Price/Peter Lynch Fair Value 0.80
LECO's Price/Peter Lynch Fair Value is ranked higher than
84% of the 396 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.30 vs. LECO: 0.80 )
LECO' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.41   Max: 9.31
Current: 0.8

0.41
9.31
Price/Graham Number 2.00
LECO's Price/Graham Number is ranked lower than
55% of the 1450 Companies
in the Global Tools & Accessories industry.

( Industry Median: 1.30 vs. LECO: 2.00 )
LECO' s 10-Year Price/Graham Number Range
Min: 0.92   Max: 2.23
Current: 2

0.92
2.23
Earnings Yield (Greenblatt) 7.30
LECO's Earnings Yield (Greenblatt) is ranked higher than
71% of the 1742 Companies
in the Global Tools & Accessories industry.

( Industry Median: 6.70 vs. LECO: 7.30 )
LECO' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.3   Max: 25.2
Current: 7.3

4.3
25.2
Forward Rate of Return (Yacktman) 28.44
LECO's Forward Rate of Return (Yacktman) is ranked higher than
93% of the 1135 Companies
in the Global Tools & Accessories industry.

( Industry Median: 4.73 vs. LECO: 28.44 )
LECO' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -4.1   Max: 34.4
Current: 28.44

-4.1
34.4

Business Description

Industry: Industrial Products » Tools & Accessories
Compare:SWK, SKFRY, SNA, MRC, MKTAY » details
Traded in other countries:LNE.Germany
Lincoln Electric Holdings, Inc. began operations in 1895 and was incorporated under the laws of the State of Ohio in 1906. It is a manufacturer and reseller of welding and cutting products. Its welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes, fluxes, regulators and torches used in oxy-fuel welding and cutting. The company manages its operations by five operating segments located at North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group. The North America Welding segment includes welding operations in the United States, Canada and Mexico. The other three welding segments include welding operations in Europe, Asia Pacific and South America, respectively. The fifth segment, The Harris Products Group, includes the Company's global cutting, soldering and brazing businesses as well as the retail business in the United States. The Company's products are sold in both domestic and international markets. The principal raw materials essential to the Company's business are various chemicals, electronics, steel, engines, brass, copper and aluminum alloys, all of which are normally available for purchase in the open market. The Company holds many patents in arc welding, and has increased the application process as research and development has progressed in both the United States and major international jurisdictions.

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