Lincoln Electric (LECO) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lincoln Electric in the last twelve months. 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.
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6 brokerages have issued 12 month price targets for Lincoln Electric's shares. Their LECO share price forecasts range from $151.00 to $211.00. On average, they expect the company's stock price to reach $187.00 in the next twelve months. This suggests a possible upside of 5.0% from the stock's current price.
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Lincoln Electric's stock was trading at $144.49 at the beginning of the year. Since then, LECO shares have increased by 23.3% and is now trading at $178.13.
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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 quarterly earnings results on Thursday, July, 27th. The industrial products company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.32 by $0.12. The industrial products company earned $1.06 billion during the quarter, compared to analysts' expectations of $1.10 billion. Lincoln Electric had a net margin of 12.04% and a trailing twelve-month return on equity of 46.60%. Lincoln Electric's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business 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 given a dividend of $0.64 per share on Friday, October 13th. This represents a $2.56 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend 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 shareholders 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 $178.13.

Lincoln Electric (NASDAQ:LECO) has a market capitalization of $10.23 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.