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 twelve months. 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.
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5 brokerages have issued 12 month price objectives for Lincoln Electric's stock. Their LECO share price forecasts range from $151.00 to $195.00. On average, they predict the company's stock price to reach $170.40 in the next twelve months. This suggests a possible upside of 2.9% 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 $144.49 on January 1st, 2023. Since then, LECO shares have increased by 14.6% and is now trading at $165.60.
View the best growth stocks for 2023 here.

Lincoln Electric saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 1,520,000 shares, a decrease of 11.6% from the February 28th total of 1,720,000 shares. Based on an average trading volume of 405,700 shares, the days-to-cover ratio is presently 3.7 days. Currently, 2.7% of the shares of the company are sold short.
View Lincoln Electric's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our LECO earnings forecast.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) released its quarterly earnings results on Tuesday, February, 21st. The industrial products company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.04. The industrial products company had revenue of $930.93 million for the quarter, compared to the consensus estimate of $924.20 million. Lincoln Electric had a trailing twelve-month return on equity of 52.02% and a net margin of 12.56%. Lincoln Electric's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 EPS.

Lincoln Electric declared a quarterly dividend on Wednesday, February 15th. Investors of record on Friday, March 31st will be given a dividend of $0.64 per share on Friday, April 14th. This represents a $2.56 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for LECO.

ETFs with the largest weight of Lincoln Electric (NASDAQ:LECO) stock in their portfolio include VictoryShares Dividend Accelerator ETF (VSDA), Dividend Performers ETF (IPDP), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), Invesco S&P MidCap Momentum ETF (XMMO), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Invesco S&P MidCap Quality ETF (XMHQ), Logan Capital Broad Innovative Growth ETF (LCLG) and Opus Small Cap Value Plus ETF (OSCV).

Lincoln Electric (NASDAQ:LECO) pays an annual dividend of $2.56 per share and currently has a dividend yield of 1.59%. 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 31.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LECO will have a dividend payout ratio of 28.38% 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. (4.65%), Victory Capital Management Inc. (2.96%), Victory Capital Management Inc. (2.96%), Keybank National Association OH (2.28%), Bessemer Group Inc. (2.10%) and Geode Capital Management LLC (1.63%). 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 $165.60.

Lincoln Electric (NASDAQ:LECO) has a market capitalization of $9.54 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 $8.05 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.