Robert W. Baird Issues Positive Forecast for Lincoln Electric (NASDAQ:LECO) Stock Price

Key Points

• Robert W. Baird raised Lincoln Electric’s price target from $317 to $322 and maintained an “outperform” rating, implying roughly 14% potential upside from the prior close.
• Lincoln Electric reported a strong quarter, with EPS of $2.98 beating the $2.81 consensus and revenue of $1.22 billion exceeding estimates; revenue rose 15.1% year over year.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $305.89. Institutional investors own approximately 79.6% of the company’s shares.

Lincoln Electric (NASDAQ:LECO - Get Free Report) had its price target upped by analysts at Robert W. Baird from $317.00 to $322.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an "outperform" rating on the industrial products company's stock. Robert W. Baird's target price points to a potential upside of 14.03% from the company's previous close.

A number of other research analysts also recently weighed in on LECO. Weiss Ratings upgraded Lincoln Electric from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. UBS Group started coverage on Lincoln Electric in a research report on Monday, August 10th. They issued a "buy" rating and a $340.00 target price for the company. Stifel Nicolaus set a $271.00 target price on Lincoln Electric in a research note on Monday, October 19th. Morgan Stanley upgraded Lincoln Electric from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $257.00 to $283.00 in a research report on Monday, August 10th. Finally, Wall Street Zen cut Lincoln Electric from a "buy" rating to a "hold" rating in a research note on Saturday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $305.89.

Lincoln Electric Trading Up 9.2%

Shares of LECO opened at $282.37 on Wednesday. The firm's 50-day moving average price is $267.89 and its 200-day moving average price is $265.49. The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of 28.21 and a beta of 1.21. Lincoln Electric has a 1-year low of $216.22 and a 1-year high of $310.00.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $2.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.81 by $0.17. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company earned $2.47 earnings per share. Lincoln Electric's quarterly revenue was up 15.1% on a year-over-year basis. On average, research analysts forecast that Lincoln Electric will post 11.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Lincoln Electric

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Lincoln Electric by 40.5% in the 2nd quarter. BlackRock Inc. now owns 18,561,962 shares of the industrial products company's stock worth $656,165,000 after purchasing an additional 5,354,141 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Lincoln Electric during the 2nd quarter valued at about $52,700,000. Algebris UK Ltd. purchased a new position in Lincoln Electric in the second quarter worth about $44,811,000. Caisse de depot et placement du Quebec purchased a new position in Lincoln Electric in the second quarter worth about $26,148,000. Finally, Advisors Capital Management LLC bought a new position in shares of Lincoln Electric in the second quarter worth approximately $21,914,000. 79.61% of the stock is currently owned by institutional investors.

Trending Headlines about Lincoln Electric

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

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Lincoln Electric reported adjusted EPS of $2.98, up 21% from $2.47 a year earlier and above the $2.81 consensus estimate. Revenue increased 15.1% year over year to $1.221 billion, exceeding the $1.17 billion analyst forecast. Lincoln Electric Reports Third Quarter 2026 Results
• Positive Sentiment: Underlying demand was strong. Third-quarter organic volume grew 9%, outpacing pricing gains across the company’s segments. The combination of volume growth and sales expansion suggests improving demand for Lincoln Electric’s welding and industrial products. Lincoln Electric: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Capital returns provided an additional catalyst. Coverage highlighted record EPS and a dividend increase, signaling management’s confidence in cash generation and the potential for a sustained recovery in the welding market. Lincoln Electric Q3 2026: Record EPS and a Dividend Hike Signal Welding Comeback
• Positive Sentiment: Technical momentum improved. LECO crossed above its 200-day moving average, a development that can attract momentum-oriented investors and reinforce the market’s favorable reaction to the earnings report. Lincoln Electric Stock Crosses Above 200-Day Moving Average

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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