Canada Pension Plan Investment Board Makes New $361,000 Investment in Lincoln Electric Holdings, Inc. $LECO

Key Points

• Canada Pension Plan Investment Board acquired 10,200 Lincoln Electric shares worth approximately $361,000 during the second quarter. Institutional investors collectively own 79.61% of the company, with BlackRock and Norges Bank among other major holders.
• Lincoln Electric exceeded quarterly expectations, reporting $2.93 EPS versus the $2.81 consensus and $1.22 billion in revenue, up 12% year over year. Zacks also raised its earnings forecasts through 2028.
• Analysts maintain a Moderate Buy consensus with a $307.22 price target, while the company’s quarterly dividend is $0.79 per share, representing a 1.2% annualized yield.

Canada Pension Plan Investment Board purchased a new position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,200 shares of the industrial products company's stock, valued at approximately $361,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Lincoln Electric during the 2nd quarter valued at about $656,165,000. K.J. Harrison & Partners Inc acquired a new position in Lincoln Electric in the fourth quarter worth approximately $1,677,000. Norges Bank acquired a new position in Lincoln Electric in the fourth quarter worth approximately $415,155,000. California State Teachers Retirement System raised 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 acquiring an additional 12,093 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Lincoln Electric by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,306,641 shares of the industrial products company's stock valued at $313,175,000 after acquiring an additional 6,070 shares in the last quarter. 79.61% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln Electric News Roundup

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

• Positive Sentiment: Higher earnings expectations: Zacks Research raised its EPS forecasts across multiple periods, including Q1 2027 to $2.73 from $2.66, Q2 2027 to $3.27 from $3.24, and Q4 2027 to $3.06 from $3.02. Its FY2027 forecast increased to $12.08 from $11.88, above the current-year consensus of $11.13. Lincoln Electric analyst estimates
• Positive Sentiment: Longer-term growth outlook improved: Zacks lifted its Q1 2028 EPS estimate to $2.95 from $2.88, Q2 2028 to $3.43 from $3.37, and FY2028 to $12.90 from $12.62. The upward revisions suggest expectations for continued earnings expansion at the industrial-products company. Lincoln Electric long-term earnings estimates
• Positive Sentiment: GARP and industry positioning: Zacks identified LECO as a growth-at-a-reasonable-price candidate, citing solid prospects relative to valuation. The company was also included among manufacturing-tools stocks positioned to benefit from increased manufacturing activity, technological progress and strategic acquisitions. GARP stocks article Manufacturing tools stocks article

Analysts Set New Price Targets

Several analysts have commented on LECO shares. UBS Group began coverage on shares of Lincoln Electric in a research report on Monday, August 10th. They issued a "buy" rating and a $340.00 target price for the company. DA Davidson assumed coverage on shares of Lincoln Electric in a report on Tuesday, June 16th. They set a "buy" rating and a $320.00 price target on the stock. Weiss Ratings raised shares of Lincoln Electric from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 10th. Wall Street Zen upgraded shares of Lincoln Electric from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Morgan Stanley raised shares of Lincoln Electric from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $257.00 to $283.00 in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $307.22.

Lincoln Electric Price Performance

NASDAQ LECO opened at $273.83 on Friday. The stock has a 50-day simple moving average of $267.57 and a 200 day simple moving average of $265.33. Lincoln Electric Holdings, Inc. has a twelve month low of $216.22 and a twelve month high of $310.00. The stock has a market capitalization of $14.93 billion, a PE ratio of 27.36, a P/E/G ratio of 1.63 and a beta of 1.21. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.98.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.81 by $0.12. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%.The company's revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.60 EPS. Research analysts anticipate that Lincoln Electric Holdings, Inc. will post 11.16 EPS for the current year.

Lincoln Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.79 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $3.16 annualized dividend and a dividend yield of 1.2%. Lincoln Electric's dividend payout ratio (DPR) is presently 31.57%.

Insider Transactions at Lincoln Electric

In related news, EVP Michael Whitehead sold 845 shares of the business's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $274.81, for a total transaction of $232,214.45. Following the transaction, the executive vice president owned 9,319 shares of the company's stock, valued at approximately $2,560,954.39. The trade was a 8.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.68% of the company's stock.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc NASDAQ: LECO is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company's portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.

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