Lincoln Electric (LECO) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lincoln Electric in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" LECO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LECO, but not buy additional shares or sell existing shares.
View LECO analyst ratings or view top-rated stocks.

6 analysts have issued 12 month target prices for Lincoln Electric's stock. Their LECO share price forecasts range from $151.00 to $211.00. On average, they expect the company's share price to reach $187.00 in the next year. This suggests a possible upside of 5.3% from the stock's current price.
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Lincoln Electric's stock was trading at $144.49 at the start of the year. Since then, LECO shares have increased by 22.9% and is now trading at $177.61.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our LECO earnings forecast.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) issued its earnings results on Thursday, July, 27th. The industrial products company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.12. The industrial products company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.10 billion. Lincoln Electric had a trailing twelve-month return on equity of 46.60% and a net margin of 12.04%. Lincoln Electric's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $2.18 earnings per share.

Lincoln Electric announced a quarterly dividend on Thursday, July 20th. Investors of record on Saturday, September 30th will be paid a dividend of $0.64 per share on Friday, October 13th. This represents a $2.56 annualized dividend and a yield of 1.44%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for LECO.

ETFs with the largest weight of Lincoln Electric (NASDAQ:LECO) stock in their portfolio include Tema American Reshoring ETF (RSHO), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), Invesco S&P MidCap Momentum ETF (XMMO), AXS Astoria Inflation Sensitive ETF (PPI), Opus Small Cap Value Plus ETF (OSCV), Dividend Performers ETF (IPDP) and Logan Capital Broad Innovative Growth ETF (LCLG).

Lincoln Electric (NASDAQ:LECO) pays an annual dividend of $2.56 per share and currently has a dividend yield of 1.42%. The company has been increasing its dividend for 27 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 31.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LECO will have a dividend payout ratio of 26.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LECO.

113 employees have rated Lincoln Electric Chief Executive Officer Christopher L. Mapes on Glassdoor.com. Christopher L. Mapes has an approval rating of 68% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lincoln Electric investors own include Energy Transfer (ET), Boeing (BA), NVIDIA (NVDA), Activision Blizzard (ATVI), Gilead Sciences (GILD), Intel (INTC), Procter & Gamble (PG), QUALCOMM (QCOM), Skyworks Solutions (SWKS) and AT&T (T).

Lincoln Electric trades on the NASDAQ under the ticker symbol "LECO."

Lincoln Electric's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.17%), State Street Corp (4.34%), JPMorgan Chase & Co. (3.75%), Capital International Investors (2.92%), Victory Capital Management Inc. (2.30%) and Keybank National Association OH (1.87%). Insiders that own company stock include Christopher L Mapes, Gabriel Bruno, Geoffrey P Allman, Gregory Doria, Jennifer I Ansberry, Jennifer I Ansberry, Kathryn Jo Lincoln, Michael J Whitehead, Michele R Kuhrt, Peter M Pletcher, Steven B Hedlund, Steven B Hedlund and Thomas A Flohn.
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Shares of LECO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LECO stock can currently be purchased for approximately $177.61.

Lincoln Electric (NASDAQ:LECO) has a market capitalization of $10.20 billion and generates $3.76 billion in revenue each year. The industrial products company earns $472.22 million in net income (profit) each year or $8.19 on an earnings per share basis.

The company employs 12,000 workers across the globe.

Lincoln Electric's mailing address is 22801 ST CLAIR AVE, CLEVELAND OH, 44117. The official website for the company is www.lincolnelectric.com. The industrial products company can be reached via phone at (216) 481-8100, via email at amanda_butler@lincolnelectric.com, or via fax at 216-383-2699.