Lincoln Electric - LECO Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lincoln Electric in the last twelve months. There are currently 3 hold ratings and 1 buy rating 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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4 Wall Street research analysts have issued 1 year price targets for Lincoln Electric's shares. Their LECO share price forecasts range from $149.00 to $170.00. On average, they expect the company's share price to reach $156.75 in the next twelve months. This suggests that the stock has a possible downside of 5.0%.
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Lincoln Electric's stock was trading at $144.49 at the beginning of 2023. Since then, LECO shares have increased by 14.2% and is now trading at $165.06.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
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Lincoln Electric will be holding an earnings conference call on Tuesday, February 21st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) released its quarterly earnings results on Thursday, October, 28th. The industrial products company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.54 by $0.02. The industrial products company had revenue of $806.50 million for the quarter, compared to analyst estimates of $806.23 million. Lincoln Electric had a net margin of 11.91% and a trailing twelve-month return on equity of 52.60%. The business's revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share.

Lincoln Electric announced a quarterly dividend on Tuesday, October 18th. Shareholders of record on Saturday, December 31st will be paid a dividend of $0.64 per share on Friday, January 13th. This represents a $2.56 annualized dividend and a yield of 1.55%. The ex-dividend date is Thursday, December 29th. This is a positive change from the stock's previous quarterly dividend of $0.56.
Read our dividend analysis for LECO.

Lincoln Electric (NASDAQ:LECO) pays an annual dividend of $2.56 per share and currently has a dividend yield of 1.57%. 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 34.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LECO will have a dividend payout ratio of 29.73% 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 institutional and retail investors. Top institutional shareholders include Boston Trust Walden Corp (1.23%), New York State Common Retirement Fund (0.17%), Comerica Bank (0.14%), State of Alaska Department of Revenue (0.13%), Massmutual Trust Co. FSB ADV (0.09%) and Harel Insurance Investments & Financial Services Ltd. (0.09%). Insiders that own company stock include Christopher L Mapes, Douglas S Lance, Gabriel Bruno, Geoffrey P Allman, Gregory Doria, Jennifer I Ansberry, Jennifer I Ansberry, Michael J Whitehead, Michele R Kuhrt, 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 $165.06.

Lincoln Electric (NASDAQ:LECO) has a market capitalization of $9.53 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 $7.43 on an earnings per share basis.

The company employs 11,000 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 (888) 935-3877, via email at amanda_butler@lincolnelectric.com, or via fax at 216-383-2699.