Lincoln Electric - LECO Stock Forecast, Price & News

5 Wall Street equities research 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 equities 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.
View LECO analyst ratings or view top-rated stocks.

5 Wall Street analysts have issued 12 month price targets for Lincoln Electric's shares. Their LECO share price forecasts range from $122.00 to $170.00. On average, they expect the company's stock price to reach $147.60 in the next year. This suggests a possible upside of 13.5% from the stock's current price.
View analysts price targets for LECO or view top-rated stocks among Wall Street analysts.

Lincoln Electric's stock was trading at $139.47 at the beginning of 2022. Since then, LECO stock has decreased by 6.7% and is now trading at $130.10.
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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 will be holding an earnings conference call on Thursday, October 27th 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 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 $1.99 by $0.19. The industrial products company earned $969.59 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the business posted $1.67 earnings per share.

Lincoln Electric declared a quarterly dividend on Wednesday, July 20th. Shareholders 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 1.72%. 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 1.72%. The company has been increasing its dividend for 26 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."

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 $130.10.

Lincoln Electric (NASDAQ:LECO) has a market capitalization of $7.54 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'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.