Lincoln Electric Stock Price, News & Analysis (NASDAQ:LECO)

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lincoln Electric in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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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8 brokerages have issued 12 month price objectives for Lincoln Electric's stock. Their LECO share price targets range from $151.00 to $200.00. On average, they anticipate the company's share price to reach $181.86 in the next year. This suggests that the stock has a possible downside of 12.1%.
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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 43.1% and is now trading at $206.80.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
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Lincoln Electric Holdings, Inc. (NASDAQ:LECO) announced its quarterly earnings data on Friday, October, 27th. The industrial products company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.13. The industrial products company earned $1.03 billion during the quarter, compared to analysts' expectations of $1.04 billion. Lincoln Electric had a trailing twelve-month return on equity of 45.28% and a net margin of 12.25%. The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.04 EPS.

Lincoln Electric announced a quarterly dividend on Tuesday, October 17th. Stockholders of record on Sunday, December 31st will be given a dividend of $0.71 per share on Friday, January 12th. This represents a $2.84 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from the stock's previous quarterly dividend of $0.64.
Read our dividend analysis for LECO.

Lincoln Electric (NASDAQ:LECO) pays an annual dividend of $2.84 per share and currently has a dividend yield of 1.27%. The company has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 33.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LECO will have a dividend payout ratio of 29.77% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

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's stock is owned by a number of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (3.72%), Victory Capital Management Inc. (2.03%), Invesco Ltd. (1.84%), Keybank National Association OH (1.77%), Bank of New York Mellon Corp (1.26%) and Wellington Management Group LLP (1.12%). 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 and Steven B Hedlund.
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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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