Zacks Research Analysts Increase Earnings Estimates for LECO

Key Points

• Zacks Research raised Lincoln Electric’s earnings forecasts, increasing Q3 2026 EPS to $2.80 from $2.71 and FY2026 EPS to $11.14 from $10.95. Longer-term estimates also rose to $12.38 for FY2027 and $13.45 for FY2028.
• Analyst sentiment remains positive, with Lincoln Electric carrying a “Moderate Buy” consensus rating and a $307.22 average price target. Morgan Stanley upgraded the stock to “Equal Weight,” while UBS Group and DA Davidson initiated coverage with “Buy” ratings.
• Lincoln Electric recently exceeded quarterly expectations, reporting $2.93 EPS and $1.22 billion in revenue, while institutional ownership stands at 79.61%. The company also declared a quarterly dividend of $0.79 per share, equivalent to a 1.2% yield.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) - Zacks Research increased their Q3 2026 earnings per share estimates for Lincoln Electric in a research note issued on Thursday, October 1st. Zacks Research analyst Team now expects that the industrial products company will post earnings of $2.80 per share for the quarter, up from their prior estimate of $2.71. The consensus estimate for Lincoln Electric's current full-year earnings is $11.16 per share. Zacks Research also issued estimates for Lincoln Electric's Q4 2026 earnings at $2.91 EPS, FY2026 earnings at $11.14 EPS, Q1 2027 earnings at $2.84 EPS, Q2 2027 earnings at $3.30 EPS, Q3 2027 earnings at $3.10 EPS, Q4 2027 earnings at $3.14 EPS, FY2027 earnings at $12.38 EPS, Q1 2028 earnings at $3.10 EPS, Q2 2028 earnings at $3.59 EPS, Q3 2028 earnings at $3.35 EPS and FY2028 earnings at $13.45 EPS.

Other equities analysts also recently issued reports about the stock. Morgan Stanley raised shares of Lincoln Electric from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $257.00 to $283.00 in a research note on Monday, August 10th. Wall Street Zen upgraded Lincoln Electric from a "hold" rating to a "buy" rating in a report on Sunday, September 20th. UBS Group assumed coverage on Lincoln Electric in a report on Monday, August 10th. They issued a "buy" rating and a $340.00 price objective on the stock. DA Davidson started coverage on shares of Lincoln Electric in a research report on Tuesday, June 16th. They set a "buy" rating and a $320.00 price objective on the stock. Finally, Weiss Ratings lowered shares of Lincoln Electric from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Lincoln Electric presently has a consensus rating of "Moderate Buy" and a consensus price target of $307.22.

Lincoln Electric Stock Performance

Shares of LECO opened at $269.40 on Friday. Lincoln Electric has a 52 week low of $216.22 and a 52 week high of $310.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.98. The company has a market capitalization of $14.68 billion, a PE ratio of 26.91, a PEG ratio of 1.58 and a beta of 1.21. The company's 50 day moving average price is $271.23 and its 200 day moving average price is $263.26.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.12. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%.The business's revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.60 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LECO. BlackRock Inc. increased its position in Lincoln Electric by 40.5% during the second quarter. BlackRock Inc. now owns 18,561,962 shares of the industrial products company's stock worth $656,165,000 after acquiring an additional 5,354,141 shares during the period. Diamant Asset Management Inc. increased its stake in Lincoln Electric by 24,685.8% during the first quarter. Diamant Asset Management Inc. now owns 3,839,568 shares of the industrial products company's stock valued at $956,360,000 after acquiring an additional 3,824,077 shares during the period. Hsbc Holdings PLC acquired a new position in Lincoln Electric in the 2nd quarter valued at approximately $52,700,000. Algebris UK Ltd. bought a new stake in shares of Lincoln Electric in the 2nd quarter worth approximately $44,811,000. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Lincoln Electric by 72.1% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 800,524 shares of the industrial products company's stock valued at $199,395,000 after purchasing an additional 335,470 shares during the period. 79.61% of the stock is owned by institutional investors.

Lincoln Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Lincoln Electric's payout ratio is currently 31.57%.

Key Stories Impacting Lincoln Electric

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

• Positive Sentiment: Zacks lifted its Q3 2026 EPS forecast to $2.80 from $2.71 and its Q4 forecast to $2.91 from $2.81. Full-year 2026 EPS was raised to $11.14 from $10.95, approaching the broader consensus estimate of $11.16. Lincoln Electric estimates
• Positive Sentiment: Analysts also increased longer-term profit expectations: FY2027 EPS to $12.38 from $12.08 and FY2028 EPS to $13.45 from $12.90. Several quarterly estimates through 2028 were raised as well, supporting the view that earnings growth could continue. Lincoln Electric estimates
• Neutral Sentiment: Lincoln Electric will release third-quarter 2026 results before the market opens on October 27, followed by an investor conference call and webcast at 10:00 a.m. Eastern time. The upcoming report is the next major catalyst for the stock, particularly whether results meet or exceed the upgraded forecasts. Lincoln Electric third-quarter results webcast announcement

About Lincoln Electric

Lincoln Electric Holdings, Inc is a Cleveland, Ohio-based manufacturer of welding, cutting and industrial automation products. The company serves manufacturers, fabricators, construction companies, maintenance and repair operations, utilities, and other industrial customers.

Its product portfolio includes arc-welding equipment, welding consumables such as electrodes and welding wire, plasma-cutting systems, welding accessories, and related safety products. Lincoln Electric also provides automated and robotic welding systems, engineered solutions, training, and technical support.

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