Zacks Research Lifts Earnings Estimates for Lincoln Electric

Key Points

• Zacks Research raised its FY2026 EPS estimate for Lincoln Electric to $11.32 from $11.14, near the $11.38 consensus estimate; it also issued projections of $12.40 EPS for FY2027 and $13.52 for FY2028.
• Lincoln Electric beat quarterly expectations, reporting EPS of $2.98 versus $2.81 expected and revenue of $1.22 billion versus $1.17 billion. Revenue rose 15.1% year over year.
• The company increased its quarterly dividend to $0.87 from $0.79. Analysts’ average rating was “Moderate Buy,” with an average price target of $319.11.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) - Equities research analysts at Zacks Research increased their FY2026 EPS estimates for shares of Lincoln Electric in a research report issued to clients and investors on Tuesday, November 10th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $11.32 per share for the year, up from their previous estimate of $11.14. The consensus estimate for Lincoln Electric's current full-year earnings is $11.38 per share. Zacks Research also issued estimates for Lincoln Electric's Q3 2027 earnings at $3.11 EPS, Q4 2027 earnings at $3.16 EPS, FY2027 earnings at $12.40 EPS, Q2 2028 earnings at $3.63 EPS, Q3 2028 earnings at $3.39 EPS and FY2028 earnings at $13.52 EPS.

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 the consensus estimate of $2.81 by $0.17. The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.17 billion. Lincoln Electric had a net margin of 12.40% and a return on equity of 40.06%. The firm's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $2.47 EPS.

Other analysts have also issued research reports about the stock. Stifel Nicolaus raised their target price on shares of Lincoln Electric from $271.00 to $290.00 and gave the stock a "hold" rating in a research report on Wednesday, October 28th. Robert W. Baird increased their price target on Lincoln Electric from $317.00 to $322.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 28th. Morgan Stanley increased their price target on Lincoln Electric from $283.00 to $293.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 28th. Wall Street Zen upgraded Lincoln Electric from a "hold" rating to a "buy" rating in a report on Saturday, October 31st. Finally, DA Davidson set a $340.00 price objective on Lincoln Electric in a research report on Thursday, October 29th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $319.11.

Lincoln Electric Stock Performance

NASDAQ:LECO opened at $284.42 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.91 and a quick ratio of 1.18. The firm has a market cap of $15.40 billion, a PE ratio of 27.27, a P/E/G ratio of 1.67 and a beta of 1.19. The firm has a 50 day simple moving average of $267.47 and a 200-day simple moving average of $266.72. Lincoln Electric has a 1-year low of $216.22 and a 1-year high of $310.00.

Lincoln Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be given a $0.87 dividend. This is a boost from Lincoln Electric's previous quarterly dividend of $0.79. This represents a $3.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, December 31st. Lincoln Electric's dividend payout ratio is 30.30%.

Insider Transactions at Lincoln Electric

In related news, CEO Steven B. Hedlund sold 14,371 shares of the business's stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $281.95, for a total value of $4,051,903.45. Following the completion of the sale, the chief executive officer directly owned 63,483 shares in the company, valued at approximately $17,899,031.85. The trade was a 18.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.68% of the company's stock.

Institutional Trading of Lincoln Electric

Several institutional investors have recently made changes to their positions in LECO. GW&K Investment Management LLC grew its position in Lincoln Electric by 0.4% during the third quarter. GW&K Investment Management LLC now owns 225,039 shares of the industrial products company's stock valued at $59,542,000 after acquiring an additional 962 shares during the period. Private Wealth Asset Management LLC purchased a new position in shares of Lincoln Electric in the 3rd quarter worth about $589,000. USS Investment Management Ltd acquired a new position in shares of Lincoln Electric in the 3rd quarter valued at about $1,799,000. Private Advisor Group LLC acquired a new position in shares of Lincoln Electric in the 3rd quarter valued at about $610,000. Finally, Ieq Capital LLC grew its holdings in shares of Lincoln Electric by 14.3% during the 3rd quarter. Ieq Capital LLC now owns 77,070 shares of the industrial products company's stock worth $20,391,000 after purchasing an additional 9,625 shares during the period. 79.61% of the stock is owned by hedge funds and other institutional investors.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc. is a manufacturer of welding, cutting and automation products. Its offerings include arc-welding equipment and consumables, plasma and oxyfuel cutting systems, robotic welding solutions and related automation technologies, as well as brazing and soldering products. Founded in 1895 by John C. Lincoln, the company serves customers across a range of industries, including manufacturing, infrastructure, energy and transportation. Its products and services are sold in markets around the world through its international operations and distribution network.

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