Lincoln Electric (NASDAQ:LECO) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Key Points

• Morgan Stanley raised Lincoln Electric’s price target to $293 from $283 while maintaining an “equal weight” rating, implying approximately 3.85% upside. The broader analyst consensus is a “Moderate Buy” with an average target of $311.33.
• Lincoln Electric exceeded quarterly expectations: EPS came in at $2.98 versus the $2.81 consensus, while revenue rose 15.1% year over year to $1.22 billion, above estimates.
• LECO traded near $282, with shares above their 50-day and 200-day moving averages, while institutional investors owned approximately 79.6% of the stock.

Lincoln Electric (NASDAQ:LECO - Get Free Report) had its price objective raised by investment analysts at Morgan Stanley from $283.00 to $293.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an "equal weight" rating on the industrial products company's stock. Morgan Stanley's price target would suggest a potential upside of 3.85% from the stock's previous close.

LECO has been the subject of a number of other research reports. UBS Group restated a "buy" rating and set a $360.00 target price on shares of Lincoln Electric in a research report on Wednesday. Robert W. Baird lifted their price target on shares of Lincoln Electric from $317.00 to $322.00 and gave the company an "outperform" rating in a report on Wednesday. Stifel Nicolaus boosted their price target on shares of Lincoln Electric from $271.00 to $290.00 and gave the stock a "hold" rating in a research note on Wednesday. Wall Street Zen downgraded shares of Lincoln Electric from a "buy" rating to a "hold" rating in a report on Saturday, October 10th. Finally, Weiss Ratings raised shares of Lincoln Electric from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $311.33.

Lincoln Electric Price Performance

NASDAQ LECO traded down $0.24 during trading hours on Wednesday, reaching $282.13. The company's stock had a trading volume of 196,300 shares, compared to its average volume of 383,512. The firm's 50-day moving average price is $267.89 and its 200-day moving average price is $265.49. The company has a quick ratio of 1.20, a current ratio of 1.98 and a debt-to-equity ratio of 0.74. Lincoln Electric has a 1 year low of $216.22 and a 1 year high of $310.00. The company has a market capitalization of $15.38 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 1.53 and a beta of 1.21.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $2.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.81 by $0.17. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.17 billion. Lincoln Electric had a net margin of 12.35% and a return on equity of 39.23%. The company's revenue was up 15.1% on a year-over-year basis. During the same period last year, the firm posted $2.47 EPS. On average, equities research analysts predict that Lincoln Electric will post 11.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in shares of Lincoln Electric by 40.5% in the 2nd quarter. BlackRock Inc. now owns 18,561,962 shares of the industrial products company's stock valued at $656,165,000 after acquiring an additional 5,354,141 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Lincoln Electric in the second quarter worth $1,858,000. Hsbc Holdings PLC raised its holdings in shares of Lincoln Electric by 126.9% during the second quarter. Hsbc Holdings PLC now owns 17,021 shares of the industrial products company's stock worth $4,500,000 after purchasing an additional 9,518 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Lincoln Electric by 403.4% during the second quarter. NewEdge Advisors LLC now owns 21,388 shares of the industrial products company's stock worth $5,679,000 after purchasing an additional 17,139 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in Lincoln Electric by 23.2% during the first quarter. California State Teachers Retirement System now owns 64,257 shares of the industrial products company's stock valued at $16,005,000 after purchasing an additional 12,093 shares during the period. Hedge funds and other institutional investors own 79.61% of the company's stock.

Lincoln Electric News Roundup

Here are the key news stories impacting Lincoln Electric this week:

• Positive Sentiment: Q3 earnings and sales exceeded expectations. Adjusted earnings per share rose 21% year over year to $2.98, beating the $2.81 consensus estimate, while revenue increased 15.1% to $1.221 billion versus expectations of approximately $1.17 billion. Lincoln Electric Reports Third Quarter 2026 Results
• Positive Sentiment: Underlying demand was encouraging. Organic volume growth of 9% outpaced price increases across segments, suggesting sales growth was supported by improved activity rather than pricing alone. Lincoln Electric: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Analysts raised their valuation targets. UBS increased its price target to $360 from $340 while maintaining a Buy rating. Robert W. Baird raised its target to $322 from $317 and maintained an Outperform rating, reinforcing positive sentiment following the results. UBS Adjusts Price Target on Lincoln Electric
• Neutral Sentiment: Technical momentum has improved. LECO recently moved above its 200-day moving average, a potentially constructive signal, although the stock remains below its one-year high and trades at roughly 28 times earnings.
• Negative Sentiment: Margin pressure remains a concern. Coverage of the earnings report noted that profitability continues to face pressure, which could limit the benefit of strong revenue and volume growth if costs remain elevated. Lincoln Electric Stock Jumps on Q3 Earnings

About Lincoln Electric

Lincoln Electric Holdings, Inc NASDAQ: LECO is a global manufacturer of welding, cutting and industrial automation products. The company serves customers in industries including construction, manufacturing, energy, transportation and heavy equipment.

Its product portfolio includes arc-welding equipment, welding consumables such as electrodes and welding wire, plasma-cutting systems, welding accessories and personal protective equipment. Lincoln Electric also provides robotic and automated welding systems, industrial automation solutions, application engineering, training and maintenance services.

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