Lincoln Electric - LECO Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lincoln Electric in the last year. There are currently 3 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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5 Wall Street research analysts have issued 1-year target prices for Lincoln Electric's shares. Their LECO share price forecasts range from $122.00 to $170.00. On average, they predict the company's share price to reach $147.60 in the next twelve months. This suggests a possible upside of 0.3% from the stock's current price.
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Lincoln Electric's stock was trading at $139.47 at the beginning of 2022. Since then, LECO stock has increased by 5.5% and is now trading at $147.20.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our LECO earnings forecast.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) released its earnings results on Thursday, July, 28th. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.20. The industrial products company had revenue of $969.59 million for the quarter, compared to the consensus estimate of $936.62 million. Lincoln Electric had a trailing twelve-month return on equity of 50.64% and a net margin of 10.15%. Lincoln Electric's revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 earnings per share.

Lincoln Electric declared a quarterly dividend on Wednesday, July 20th. Stockholders of record on Friday, September 30th will be given a dividend of $0.56 per share on Friday, October 14th. This represents a $2.24 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Thursday, September 29th.
Read our dividend analysis for LECO.

Lincoln Electric (NASDAQ:LECO) pays an annual dividend of $2.24 per share and currently has a dividend yield of 1.52%. 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 36.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LECO will have a dividend payout ratio of 25.90% 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 many different institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (5.28%), State Street Corp (5.00%), Victory Capital Management Inc. (3.05%), Keybank National Association OH (2.32%), William Blair Investment Management LLC (1.98%) and Boston Trust Walden Corp (1.30%). Insiders that own company stock include Christopher L Mapes, Douglas S Lance, Gabriel Bruno, Geoffrey P Allman, George D Blankenship, Jennifer I Ansberry, Jennifer I Ansberry, Michael J Whitehead, Michael Mintun, Michele R Kuhrt, Steven B Hedlund, Thomas A Flohn and Vincent K Petrella.
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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 $147.20.

Lincoln Electric (NASDAQ:LECO) has a market capitalization of $8.53 billion and generates $3.23 billion in revenue each year. The industrial products company earns $276.47 million in net income (profit) each year or $6.09 on an earnings per share basis.

The company employs 11,000 workers across the globe.

Lincoln Electric was founded in 1895.

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 (888) 935-3877, via email at amanda_butler@lincolnelectric.com, or via fax at 216-383-2699.