Zacks Research Has Optimistic Outlook of LECO Q3 Earnings

Key Points

• Zacks Research raised Lincoln Electric’s Q3 2026 EPS estimate to $2.71 from $2.70 and increased forecasts for fiscal 2026–2028, signaling more optimistic expectations for the industrial-products company.
• Lincoln Electric recently exceeded quarterly expectations, reporting $2.93 EPS versus the $2.81 consensus and $1.22 billion in revenue, up 12% year over year.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus rating and an average price target of $307.22, while shares trade near $284.63 at a P/E ratio of approximately 28.4.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) - Equities research analysts at Zacks Research lifted their Q3 2026 earnings per share (EPS) estimates for shares of Lincoln Electric in a research note issued to investors on Thursday, August 13th. Zacks Research analyst Team now expects that the industrial products company will earn $2.71 per share for the quarter, up from their previous forecast of $2.70. The consensus estimate for Lincoln Electric's current full-year earnings is $11.07 per share. Zacks Research also issued estimates for Lincoln Electric's Q4 2026 earnings at $2.81 EPS, FY2026 earnings at $10.95 EPS, Q1 2027 earnings at $2.66 EPS, Q2 2027 earnings at $3.24 EPS, Q4 2027 earnings at $3.02 EPS, FY2027 earnings at $11.88 EPS, Q2 2028 earnings at $3.37 EPS and FY2028 earnings at $12.62 EPS.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last posted its earnings results on Thursday, July 30th. The industrial products company reported $2.93 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.12. The firm 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%. Lincoln Electric's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $2.60 earnings per share.

Other equities research analysts have also recently issued reports about the company. Barclays boosted their price objective on Lincoln Electric from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 5th. DA Davidson assumed coverage on shares of Lincoln Electric in a report on Tuesday, June 16th. They issued a "buy" rating and a $320.00 target price for the company. Weiss Ratings raised shares of Lincoln Electric from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 10th. Wall Street Zen upgraded Lincoln Electric from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Morgan Stanley upgraded Lincoln Electric from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $257.00 to $283.00 in a research report on Monday. 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 MarketBeat, Lincoln Electric has an average rating of "Moderate Buy" and a consensus price target of $307.22.

Lincoln Electric Stock Performance

Shares of NASDAQ:LECO opened at $284.63 on Friday. The firm has a fifty day simple moving average of $263.36 and a two-hundred day simple moving average of $265.10. The company has a quick ratio of 1.20, a current ratio of 1.98 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $15.52 billion, a P/E ratio of 28.43, a PEG ratio of 1.73 and a beta of 1.20. Lincoln Electric has a 52 week low of $216.22 and a 52 week high of $310.00.

Hedge Funds Weigh In On Lincoln Electric

Several institutional investors and hedge funds have recently added to or reduced their stakes in LECO. Earned Wealth Advisors LLC grew its position in shares of Lincoln Electric by 3.8% in the 1st quarter. Earned Wealth Advisors LLC now owns 1,177 shares of the industrial products company's stock worth $293,000 after buying an additional 43 shares during the last quarter. Hilltop Holdings Inc. boosted its position in shares of Lincoln Electric by 2.5% in the 4th quarter. Hilltop Holdings Inc. now owns 1,832 shares of the industrial products company's stock worth $439,000 after purchasing an additional 45 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Lincoln Electric by 1.2% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,361 shares of the industrial products company's stock valued at $1,045,000 after buying an additional 52 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Lincoln Electric by 9.4% during the first quarter. Parallel Advisors LLC now owns 606 shares of the industrial products company's stock worth $151,000 after acquiring an additional 52 shares during the last quarter. Finally, Sumitomo Life Insurance Co. raised its position in shares of Lincoln Electric by 1.2% in the 4th quarter. Sumitomo Life Insurance Co. now owns 4,314 shares of the industrial products company's stock valued at $1,034,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 79.61% of the company's stock.

Insider Activity

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

Lincoln Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 30th. Lincoln Electric's dividend payout ratio is presently 31.57%.

Key Headlines Impacting Lincoln Electric

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

• Positive Sentiment: Zacks Research raised earnings estimates across multiple periods. The firm increased its FY2026 EPS forecast to $10.95 from $10.69, FY2027 to $11.88 from $11.77, and FY2028 to $12.62 from $12.32. It also lifted estimates for several upcoming quarters, including Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q4 2027 and Q2 2028. The revisions suggest improving expectations for Lincoln Electric’s industrial-products business and provide a positive catalyst for LECO. Zacks Research earnings estimate revisions
• Positive Sentiment: UBS upgraded Lincoln Electric to “strong-buy.” The upgrade represents a more bullish view from a major investment bank and may attract additional buying interest. It follows Lincoln Electric’s latest quarterly results, in which earnings and revenue exceeded consensus expectations and revenue grew 12% year over year. UBS upgrade report
• Neutral Sentiment: Valuation remains an important consideration. With shares trading near $284.63, Lincoln Electric has a market capitalization of approximately $15.5 billion and a price-to-earnings ratio of about 28.4. The company is positioned well above its 50-day and 200-day moving averages and remains below its 52-week high of $310, indicating strong momentum but also a relatively full valuation. Lincoln Electric valuation analysis

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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