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ALLE vs. LECO: Allegion vs. Lincoln Electric Stock Comparison

How do Allegion (ALLE) and Lincoln Electric (LECO) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Allegion (ALLE) and Lincoln Electric (LECO) both fall under the Capital Goods industry group, but ALLE is classified in Building Products while LECO is classified in Machinery.

Company profile comparison for Allegion (ALLE) and Lincoln Electric (LECO)
Profile ItemALLELECO
NameAllegion plcLincoln Electric Holdings, Inc.
Country/RegionIrelandUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryBuilding ProductsMachinery
GICS Sub-IndustryBuilding ProductsIndustrial Machinery & Supplies & Components
Market Capitalization15.76 billion USD14.91 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateNovember 18, 2013April 7, 1994
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ALLE
LECO
GSPC
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Allegion (ALLE) vs. Lincoln Electric (LECO), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Allegion (ALLE) and Lincoln Electric (LECO). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Allegion (ALLE) and Lincoln Electric (LECO). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Allegion (ALLE) and Lincoln Electric (LECO)
MetricALLELECO
Total Return (1Y)14.68%27.30%
Total Return (3Y, Annualized)24.89%17.31%
Total Return (5Y, Annualized)8.85%16.33%

Risk Profile

Drawdown History

ALLE
LECO
GSPC
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Allegion (ALLE) vs. Lincoln Electric (LECO), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Allegion (ALLE) and Lincoln Electric (LECO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Allegion (ALLE) and Lincoln Electric (LECO)
MetricALLELECO
Volatility (1Y, Annualized)30.24%31.13%
Beta (5Y)0.811.17
Max Drawdown (5Y)-33.82%-34.29%
Avg. Volume (3M)1.21M409.99K

Risk-Adjusted Performance

Risk-Return Positioning

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ALLE and LECO are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Allegion (ALLE) and Lincoln Electric (LECO)
MetricALLELECO
Sharpe Ratio (1Y)0.340.74
Sortino Ratio (1Y)0.531.11

Profitability

ROE (TTM)

Both Allegion (ALLE) at 33.56% and Lincoln Electric (LECO) at 38.75% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

ALLE

Capital Goods industry group

33.56%

Max
40.55%
ALLE
33.56%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%

LECO

Capital Goods industry group

38.75%

Max
40.55%
LECO
38.75%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
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Allegion (ALLE) vs. Lincoln Electric (LECO): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Allegion (ALLE) at 15.74% and Lincoln Electric (LECO) at 12.40% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

ALLE

Capital Goods industry group

15.74%

Max
27.47%
ALLE
15.74%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%

LECO

Capital Goods industry group

12.40%

Max
27.47%
LECO
12.40%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%
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Allegion (ALLE) vs. Lincoln Electric (LECO): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Allegion (ALLE) at 24.25% operates in the top operating margin quartile, ahead of Lincoln Electric (LECO) at 18.29%, which runs around its industry’s norm.

ALLE

Capital Goods industry group

24.25%

Max
36.60%
ALLE
24.25%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%

LECO

Capital Goods industry group

18.29%

Max
36.60%
Q3
18.33%
LECO
18.29%
Median
11.12%
Q1
5.14%
Min
-12.63%
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Allegion (ALLE) vs. Lincoln Electric (LECO): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Allegion (ALLE) and Lincoln Electric (LECO)
MetricALLELECO
ROE (TTM)33.56%38.75%
ROA (TTM)11.19%13.32%
Net Margin (TTM)15.74%12.40%
Operating Margin (TTM)24.25%18.29%
Gross Margin (TTM)45.09%35.54%

Growth

Revenue Growth

Both Allegion (ALLE) at 7.82% and Lincoln Electric (LECO) at 5.60% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Allegion (ALLE) vs. Lincoln Electric (LECO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Allegion (ALLE) at 9.09% and Lincoln Electric (LECO) at 14.36% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Allegion (ALLE) vs. Lincoln Electric (LECO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Allegion (ALLE) and Lincoln Electric (LECO)
MetricALLELECO
Revenue Growth (YoY)7.82%5.60%
Revenue Growth (3Y CAGR)7.52%4.02%
EPS Growth (YoY)9.09%14.36%
EPS Growth (3Y CAGR)12.75%5.05%

Financial Strength

Current Ratio (MRQ)

Both Allegion (ALLE) at 1.90 and Lincoln Electric (LECO) at 1.91 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

ALLE

Capital Goods industry group

1.90

Max
5.22
Q3
2.95
Median
2.08
ALLE
1.90
Q1
1.43
Min
0.36

LECO

Capital Goods industry group

1.91

Max
5.22
Q3
2.95
Median
2.08
LECO
1.91
Q1
1.43
Min
0.36
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Allegion (ALLE) vs. Lincoln Electric (LECO): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Allegion (ALLE) at 1.02 and Lincoln Electric (LECO) at 0.78 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

ALLE

Capital Goods industry group

1.02

Max
2.33
Q3
1.12
ALLE
1.02
Median
0.60
Q1
0.29
Min
0.00

LECO

Capital Goods industry group

0.78

Max
2.33
Q3
1.12
LECO
0.78
Median
0.60
Q1
0.29
Min
0.00
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Allegion (ALLE) vs. Lincoln Electric (LECO): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Allegion (ALLE) and Lincoln Electric (LECO)
MetricALLELECO
Current Ratio (MRQ)1.901.91
Debt / Equity (MRQ)1.020.78
Net Debt / EBITDA1.671.00

Dividends

Dividend Yield (TTM)

Both Allegion (ALLE) at 1.15% and Lincoln Electric (LECO) at 1.16% offer top-quartile dividend income relative to share price within their industries.

ALLE

Capital Goods industry group

1.15%

Max
2.66%
ALLE
1.15%
Q3
1.14%
Median
0.24%
Q1
0.00%
Min
0.00%

LECO

Capital Goods industry group

1.16%

Max
2.66%
LECO
1.16%
Q3
1.14%
Median
0.24%
Q1
0.00%
Min
0.00%
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Allegion (ALLE) vs. Lincoln Electric (LECO): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Allegion (ALLE) at 26.87% pays out a band-typical share of earnings, while Lincoln Electric (LECO) at 30.30% distributes more than its industry norm — less retained, thinner cover.

ALLE

Capital Goods industry group

26.87%

Max
67.39%
Q3
28.02%
ALLE
26.87%
Median
6.86%
Q1
0.00%
Min
0.00%

LECO

Capital Goods industry group

30.30%

Max
67.39%
LECO
30.30%
Q3
28.02%
Median
6.86%
Q1
0.00%
Min
0.00%
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Allegion (ALLE) vs. Lincoln Electric (LECO): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Allegion (ALLE) and Lincoln Electric (LECO)
MetricALLELECO
Dividend Yield (TTM)1.15%1.16%
Dividend Payout Ratio (TTM)26.87%30.30%

Valuation

P/E Ratio (TTM)

Both Allegion (ALLE) at 23.06 and Lincoln Electric (LECO) at 26.40 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ALLE

Capital Goods industry group

23.06

Max
59.38
Q3
35.92
Median
25.41
ALLE
23.06
Q1
19.47
Min
3.03

LECO

Capital Goods industry group

26.40

Max
59.38
Q3
35.92
LECO
26.40
Median
25.41
Q1
19.47
Min
3.03
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Allegion (ALLE) vs. Lincoln Electric (LECO): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Allegion (ALLE) at 3.59 and Lincoln Electric (LECO) at 3.21 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

ALLE

Capital Goods industry group

3.59

Max
7.54
Q3
3.76
ALLE
3.59
Median
2.15
Q1
1.03
Min
0.03

LECO

Capital Goods industry group

3.21

Max
7.54
Q3
3.76
LECO
3.21
Median
2.15
Q1
1.03
Min
0.03
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Allegion (ALLE) vs. Lincoln Electric (LECO): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both Allegion (ALLE) at 7.20 and Lincoln Electric (LECO) at 9.59 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

ALLE

Capital Goods industry group

7.20

Max
9.66
ALLE
7.20
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08

LECO

Capital Goods industry group

9.59

Max
9.66
LECO
9.59
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08
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Allegion (ALLE) vs. Lincoln Electric (LECO): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Allegion (ALLE) and Lincoln Electric (LECO)
MetricALLELECO
P/E Ratio (TTM)23.0626.40
P/S Ratio (TTM)3.593.21
P/B Ratio (MRQ)7.209.59
Free Cash Flow Yield (TTM)3.69%2.68%