Lincoln Electric Holdings (LECO - Free Report) came out with quarterly earnings of $2.98 per share, beating the Zacks Consensus Estimate of $2.81 per share. This compares to earnings of $2.47 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +6.05%. A quarter ago, it was expected that this manufacturer of specialized welding products and other equipment would post earnings of $2.81 per share when it actually produced earnings of $2.93, delivering a surprise of +4.27%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Lincoln Electric, which belongs to the Zacks Manufacturing - Tools & Related Products industry, posted revenues of $1.22 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 3.97%. This compares to year-ago revenues of $1.06 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Lincoln Electric shares have added about 7.9% since the beginning of the year versus the S&P 500's gain of 12.1%.
What's Next for Lincoln Electric?While Lincoln Electric has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Lincoln Electric was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.94 on $1.19 billion in revenues for the coming quarter and $11.18 on $4.71 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Tools & Related Products is currently in the top 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Stanley Black & Decker (SWK - Free Report) , has yet to report results for the quarter ended September 2026. The results are expected to be released on November 4.
This tool company is expected to post quarterly earnings of $1.54 per share in its upcoming report, which represents a year-over-year change of +7.7%. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level.
Stanley Black & Decker's revenues are expected to be $3.72 billion, down 1% from the year-ago quarter.
Lincoln Electric očekává za čtvrtletí zisk na akcii (EPS) ve výši 2,81 USD, což představuje meziroční nárůst o 13,8 %, a tržby ve výši 1,17 mld. USD, meziročně o 10,4 % vyšší. Ukazatel Earnings ESP činí −1,11 %.
The market expects Lincoln Electric Holdings (LECO - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 27. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis manufacturer of specialized welding products and other equipment is expected to post quarterly earnings of $2.81 per share in its upcoming report, which represents a year-over-year change of +13.8%.
Revenues are expected to be $1.17 billion, up 10.4% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.56% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Lincoln Electric?For Lincoln Electric, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.11%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Lincoln Electric will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Lincoln Electric would post earnings of $2.81 per share when it actually produced earnings of $2.93, delivering a surprise of +4.27%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Lincoln Electric doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Lincoln Electric na veletrhu FABTECH představí svůj první produkt Physical AI a ve 4. čtvrtletí začne přijímat objednávky. Firma zároveň hlásí silnou poptávku po automatizaci mimo automobilový průmysl.
Lincoln Electric NASDAQ: LECO is seeing broad-based improvement in industrial demand, led by consumables, standard welding equipment and automation investments, while automotive remains the company’s principal weak end market, Executive Vice President, CFO and Treasurer Gabriel Bruno said during an investor discussion.
Bruno said the company entered 2026 with strong order and quoting activity in automation, along with backlog visibility that supported expectations for volume growth in the second half of the year. Lincoln Electric typically has visibility into six to nine months of automation business through its backlog, he said.
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Consumables, which account for more than half of Lincoln Electric’s business, provide an indicator of welding, fabrication and production activity across industrial markets. Bruno said consumable volumes in the Americas Welding segment rose by the mid-single digits in the second quarter, signaling that industrial activity was “holding and growing.”
“Typically, after you’ve seen some consistent production activity, then you see conviction of capital investment,” Bruno said. He added that the company has seen an inflection in standard welding equipment demand as well as continued automation investment.
Automation growth broadens beyond automotive Automation demand has been strongest outside automotive, according to Bruno. The company has seen broad growth across general industries, heavy industries and structural fabrication, while automotive activity remained down by the mid-single digits in the second quarter.
Lincoln Electric has seen significant automotive quoting activity but has not yet seen those opportunities convert into orders, Bruno said. He cited uncertainty around electric vehicles and internal-combustion vehicles, elections and other market dynamics as factors that have delayed investment and extended the life of existing vehicle platforms.
The company is watching for orders associated with vehicle programs expected to launch in 2028 and 2029. Bruno said the next several months will be important in determining whether quoting activity translates into meaningful industry investment.
Automotive now represents about 40% of Lincoln Electric’s automation business, down from nearly half after the company acquired Fori Automation, which had been entirely automotive-focused. Bruno said Lincoln Electric would prefer a more balanced automation mix, with roughly one-third tied to general industry, one-third to heavy industry and structural fabrication, and one-third to automotive.
The company views automation as a long-term growth driver rather than solely a cyclical capital-spending exposure. Bruno said Lincoln Electric expects high-single-digit organic growth in automation and believes industrial adoption remains in its early stages.
Lincoln Electric expects long-term organic growth in the mid- to high-single digits. Automation is expected to grow at a high-single-digit rate. The company’s RISE strategy includes targets through 2030. Physical AI offering planned for FABTECH launch Bruno said Lincoln Electric plans to introduce its first Physical AI offering at the FABTECH trade show in October and expects to begin taking orders in the fourth quarter. The offering combines vision technology, welding-process intelligence and collaborative robot, or cobot, capabilities.
The company acquired Inrotech to add vision-system technology, which Bruno said has been important to developing its Physical AI capabilities. The technology is intended to enable a cobot to identify and respond to unstructured welding conditions, rather than operate only along a preprogrammed path.
Bruno said Lincoln Electric has been prototyping the technology with customers. While he did not quantify expected revenue from the product, he said the initiative supports the company’s confidence in automation’s long-term growth opportunity and its ability to expand adoption among smaller and midsize fabricators.
Pricing actions target fourth-quarter neutrality Lincoln Electric has taken pricing actions to address persistent inflation in freight, fuel and other costs. Bruno said the company’s operating strategy is to remain price-cost neutral over time, though it expected to fall short of that objective in the third quarter.
The company announced price increases in August for both its Americas Welding and International Welding businesses. The Americas increases began in September, while International Welding increases were scheduled to take effect later in the month. Bruno said the benefits would not fully mature until the fourth quarter.
“We expect price cost neutral in the fourth quarter,” Bruno said.
He said the third-quarter dynamic would reduce incremental margins to the low 20% range from the mid-20% range, but described the dollar impact as not significant. Lincoln Electric continues to target high-20% incremental margins under its RISE strategy and aims to improve average operating margin by 300 basis points over time.
For its Harris brazing business, Bruno said silver and copper are the primary commodities affecting pricing. Harris adjusts prices monthly based on movements in those metals, he said. Silver had exceeded $110 per troy ounce earlier in the year before declining into the $60 range, according to Bruno.
Asia remains strong as Europe faces pressure Internationally, Lincoln Electric is seeing growth in Asia, including India, China and Southeast Asia, while Europe remains challenging. Bruno said the company has not yet seen an expected increase in European aerospace, defense or industrial investment translate into incremental demand.
Lincoln Electric’s International Welding business is about 70% Europe, the Middle East and Africa and 30% Asia, Bruno said. The company is targeting International Welding EBIT margins of 12% to 15%, compared with a current range of roughly 10% to 11%.
The Middle East conflict has created a headwind, including effects on both International Welding and Americas Welding export activity. Bruno said Lincoln Electric has discussed a quarterly headwind of $67 million related to the region, but remains optimistic about its long-term positioning in Middle Eastern energy markets.
Looking ahead, Bruno said Lincoln Electric plans to continue increasing internal investment and pursue bolt-on acquisitions. The company targets 300 to 400 basis points of annual growth from mergers and acquisitions and has completed 10 bolt-on transactions over the past five years, split between automation and welding-related businesses.
About Lincoln Electric (NASDAQ:LECO)Lincoln Electric Holdings, Inc NASDAQ: LECO is a Cleveland, Ohio-based manufacturer of welding, cutting and automation products. Founded in 1895 by John C. Lincoln, the company serves industrial, construction, energy, transportation and other end markets that use fabrication and joining technologies.
Its product portfolio includes arc-welding machines, welding consumables such as electrodes and wire, plasma and oxyfuel cutting equipment, robotic welding systems, and related automation solutions.
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HSBC Holdings PLC ve 2. čtvrtletí zvýšila svůj podíl v Lincoln Electric o 126,9 % na 17 021 akcií v hodnotě 4,5 milionu USD. Lincoln Electric zároveň oznámila čtvrtletní dividendu ve výši 0,79 USD na akcii.
Hsbc Holdings PLC lifted its stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Free Report) by 126.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,021 shares of the industrial products company’s stock after purchasing an additional 9,518 shares during the quarter. Hsbc Holdings PLC’s holdings in Lincoln Electric were worth $4,500,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of LECO. BlackRock Inc. bought a new position in Lincoln Electric in the second quarter valued at about $656,165,000. Diamant Asset Management Inc. grew its holdings in shares of Lincoln Electric by 24,685.8% during the 1st quarter. Diamant Asset Management Inc. now owns 3,839,568 shares of the industrial products company’s stock valued at $956,360,000 after purchasing an additional 3,824,077 shares during the last quarter. Norges Bank bought a new stake in shares of Lincoln Electric during the 4th quarter valued at approximately $415,155,000. Algebris UK Ltd. acquired a new position in Lincoln Electric during the 2nd quarter worth approximately $44,811,000. Finally, Caisse de depot et placement du Quebec acquired a new position in Lincoln Electric during the 2nd quarter worth approximately $26,148,000. Institutional investors own 79.61% of the company’s stock.
Analyst Ratings Changes A number of analysts have weighed in on LECO shares. Weiss Ratings upgraded shares of Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 10th. Morgan Stanley upgraded shares of Lincoln Electric from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $257.00 to $283.00 in a report on Monday, August 10th. UBS Group assumed coverage on Lincoln Electric in a research note on Monday, August 10th. They issued a “buy” rating and a $340.00 price target for the company. DA Davidson began coverage on Lincoln Electric in a report on Tuesday, June 16th. They set a “buy” rating and a $320.00 price objective on the stock. Finally, Wall Street Zen upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Lincoln Electric presently has a consensus rating of “Moderate Buy” and a consensus target price of $307.22.
View Our Latest Stock Report on LECO Lincoln Electric Trading Down 7.5% NASDAQ LECO opened at $251.06 on Friday. The firm has a market capitalization of $13.69 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 1.62 and a beta of 1.21. The business’s 50-day moving average price is $268.37 and its two-hundred day moving average price is $264.68. The company has a current ratio of 1.98, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. Lincoln Electric Holdings, Inc. has a 12 month low of $216.22 and a 12 month high of $310.00.
Lincoln Electric (NASDAQ:LECO – Get Free Report) last announced its earnings results on Thursday, July 30th. The industrial products company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.81 by $0.12. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%.The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company earned $2.60 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts expect that Lincoln Electric Holdings, Inc. will post 11.16 EPS for the current year.
Lincoln Electric Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 30th. Lincoln Electric’s payout ratio is currently 31.57%.
Insider Buying and Selling In related news, EVP Michael Whitehead sold 845 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $274.81, for a total transaction of $232,214.45. Following the completion of the sale, the executive vice president owned 9,319 shares in the company, valued at approximately $2,560,954.39. This represents a 8.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.68% of the company’s stock.
Lincoln Electric Profile (Free Report)
Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a Cleveland, Ohio-based manufacturer of welding, cutting and automation products. Founded in 1895 by John C. Lincoln, the company serves industrial, construction, energy, transportation and other end markets that use fabrication and joining technologies.
Its product portfolio includes arc-welding machines, welding consumables such as electrodes and wire, plasma and oxyfuel cutting equipment, robotic welding systems, and related automation solutions.
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Canada Pension Plan Investment Board ve 2. čtvrtletí získal novou pozici v Lincoln Electric za zhruba 361 000 USD. Firma zároveň oznámila čtvrtletní dividendu ve výši 0,79 USD na akcii.
Canada Pension Plan Investment Board purchased a new position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,200 shares of the industrial products company’s stock, valued at approximately $361,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Lincoln Electric during the 2nd quarter valued at about $656,165,000. K.J. Harrison & Partners Inc acquired a new position in Lincoln Electric in the fourth quarter worth approximately $1,677,000. Norges Bank acquired a new position in Lincoln Electric in the fourth quarter worth approximately $415,155,000. California State Teachers Retirement System raised its position in Lincoln Electric by 23.2% during the first quarter. California State Teachers Retirement System now owns 64,257 shares of the industrial products company’s stock valued at $16,005,000 after acquiring an additional 12,093 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Lincoln Electric by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,306,641 shares of the industrial products company’s stock valued at $313,175,000 after acquiring an additional 6,070 shares in the last quarter. 79.61% of the stock is currently owned by hedge funds and other institutional investors.
Lincoln Electric News Roundup Here are the key news stories impacting Lincoln Electric this week:
Positive Sentiment: Higher earnings expectations: Zacks Research raised its EPS forecasts across multiple periods, including Q1 2027 to $2.73 from $2.66, Q2 2027 to $3.27 from $3.24, and Q4 2027 to $3.06 from $3.02. Its FY2027 forecast increased to $12.08 from $11.88, above the current-year consensus of $11.13. Lincoln Electric analyst estimates Positive Sentiment: Longer-term growth outlook improved: Zacks lifted its Q1 2028 EPS estimate to $2.95 from $2.88, Q2 2028 to $3.43 from $3.37, and FY2028 to $12.90 from $12.62. The upward revisions suggest expectations for continued earnings expansion at the industrial-products company. Lincoln Electric long-term earnings estimates Positive Sentiment: GARP and industry positioning: Zacks identified LECO as a growth-at-a-reasonable-price candidate, citing solid prospects relative to valuation. The company was also included among manufacturing-tools stocks positioned to benefit from increased manufacturing activity, technological progress and strategic acquisitions. GARP stocks article Manufacturing tools stocks article Analysts Set New Price Targets Several analysts have commented on LECO shares. UBS Group began coverage on shares of Lincoln Electric in a research report on Monday, August 10th. They issued a “buy” rating and a $340.00 target price for the company. DA Davidson assumed coverage on shares of Lincoln Electric in a report on Tuesday, June 16th. They set a “buy” rating and a $320.00 price target on the stock. Weiss Ratings raised shares of Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 10th. Wall Street Zen upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Morgan Stanley raised shares of Lincoln Electric from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $257.00 to $283.00 in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.22. Check Out Our Latest Analysis on LECO
Lincoln Electric Price Performance NASDAQ LECO opened at $273.83 on Friday. The stock has a 50-day simple moving average of $267.57 and a 200 day simple moving average of $265.33. Lincoln Electric Holdings, Inc. has a twelve month low of $216.22 and a twelve month high of $310.00. The stock has a market capitalization of $14.93 billion, a PE ratio of 27.36, a P/E/G ratio of 1.63 and a beta of 1.21. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.98.
Lincoln Electric (NASDAQ:LECO – Get Free Report) last released its earnings results on Thursday, July 30th. The industrial products company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.12. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%.The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.60 EPS. Research analysts anticipate that Lincoln Electric Holdings, Inc. will post 11.16 EPS for the current year.
Lincoln Electric Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.79 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $3.16 annualized dividend and a dividend yield of 1.2%. Lincoln Electric’s dividend payout ratio (DPR) is presently 31.57%.
Insider Transactions at Lincoln Electric In related news, EVP Michael Whitehead sold 845 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $274.81, for a total transaction of $232,214.45. Following the transaction, the executive vice president owned 9,319 shares of the company’s stock, valued at approximately $2,560,954.39. The trade was a 8.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.68% of the company’s stock.
Lincoln Electric Company Profile (Free Report)
Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.
Founded in 1895 by John C.
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Canada Pension Plan Investment Board ve 2. čtvrtletí získal novou pozici v Lincoln Electric za zhruba 3,88 milionu USD. Firma zároveň oznámila čtvrtletní dividendu 0,79 USD na akcii.
Canada Pension Plan Investment Board bought a new stake in shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 14,600 shares of the industrial products company’s stock, valued at approximately $3,876,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Lincoln Electric in the second quarter worth $656,165,000. Diamant Asset Management Inc. lifted its holdings in Lincoln Electric by 24,685.8% in the first quarter. Diamant Asset Management Inc. now owns 3,839,568 shares of the industrial products company’s stock valued at $956,360,000 after acquiring an additional 3,824,077 shares during the period. Norges Bank purchased a new position in Lincoln Electric in the fourth quarter worth about $415,155,000. Geode Capital Management LLC boosted its position in Lincoln Electric by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,306,641 shares of the industrial products company’s stock worth $313,175,000 after purchasing an additional 6,070 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Lincoln Electric by 14.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,280,116 shares of the industrial products company’s stock valued at $306,767,000 after purchasing an additional 158,305 shares during the period. 79.61% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth Several research firms have recently commented on LECO. DA Davidson began coverage on shares of Lincoln Electric in a research report on Tuesday, June 16th. They set a “buy” rating and a $320.00 price target for the company. Wall Street Zen upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. UBS Group initiated coverage on shares of Lincoln Electric in a report on Monday, August 10th. They set a “buy” rating and a $340.00 target price for the company. Morgan Stanley upgraded shares of Lincoln Electric from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $257.00 to $283.00 in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded shares of Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $307.22.
Get Our Latest Stock Report on LECO Lincoln Electric Price Performance NASDAQ LECO opened at $284.89 on Monday. Lincoln Electric Holdings, Inc. has a 52 week low of $216.22 and a 52 week high of $310.00. The company has a quick ratio of 1.20, a current ratio of 1.98 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $15.53 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 1.71 and a beta of 1.20. The stock’s 50-day moving average price is $267.37 and its 200-day moving average price is $265.88.
Lincoln Electric (NASDAQ:LECO – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.12. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. Lincoln Electric had a return on equity of 39.23% and a net margin of 12.35%.The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.60 EPS. On average, equities research analysts predict that Lincoln Electric Holdings, Inc. will post 11.13 earnings per share for the current year.
Lincoln Electric Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, September 30th. Lincoln Electric’s dividend payout ratio is presently 31.57%.
Insider Buying and Selling at Lincoln Electric In other news, EVP Michael J. Whitehead sold 845 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $274.81, for a total value of $232,214.45. Following the completion of the sale, the executive vice president directly owned 9,319 shares of the company’s stock, valued at $2,560,954.39. This represents a 8.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.68% of the stock is currently owned by insiders.
(Free Report)
Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.
Founded in 1895 by John C.
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Key Takeaways Lincoln Electric shares rose 8% as Q2 adjusted EPS beat estimates and revenues hit a record $1.22B.Organic sales grew 10.1%, driven by 7.7% pricing and 2.4% volume growth.LECO raised 2026 sales growth guidance to the low-double-digit range after record cash flow. Lincoln Electric Holdings, Inc. (LECO - Free Report) shares have gained 8% since it reported second-quarter 2026 results on July 30. Adjusted earnings came in at $2.93 per share, up 12.7% year over year. The figure surpassed the Zacks Consensus Estimate of $2.81 by 4.27%.
Including one-time items, the bottom line was $2.88 per share compared with $2.56 in the year-ago quarter.
LECO's Sales Mix Benefits From Price and VolumeRevenues increased 12% to a record $1.22 billion and beat the consensus estimate of $1.17 billion by 4.45%. Results benefited from 10.1% organic sales growth, with volumes contributing 2.4% and pricing at 7.7%. Acquisitions contributed 1.5%, primarily reflecting the Alloy Steel acquisition, and favorable foreign currency translation added 0.4%.
Consumables sales increased in the low-teens percentage range, equipment sales rose by a high-single-digit percentage and automation sales advanced by a mid-single-digit percentage. Four of the company’s five major end markets grew, led by a mid-30% increase in general fabrication. However, transportation declined by a mid-single-digit percentage.
Lincoln Electric's Margin Performance ImprovesThe cost of goods sold increased 12.8% year over year to $770.7 million. Gross profit rose 10.7% to $449 million, while the gross margin contracted 50 basis points to 36.8%.
Selling, general and administrative expenses increased 6.6% to $224.9 million. However, SG&A expenses, as a percentage of sales, declined 100 basis points to 18.4%.
Adjusted operating income climbed 14.9% to $224.1 million, with the adjusted operating margin expanding 50 basis points to a record 18.4%.
LECO's Americas Welding Business Gains MomentumAmericas Welding revenues increased 11.2% year over year to $774.4 million. Volume growth of 7.1% reflected gains across all product areas, led by accelerated capital spending. Pricing contributed 3.7%, while currency movements provided a 0.4% benefit. We expected the segment’s net sales to be $754 million in the quarter.
Adjusted EBIT rose 14.6% to $158.1 million. The segment’s adjusted EBIT margin improved 110 basis points to 19.7%, aided by operating leverage from higher volumes and a narrower price-cost headwind. Tariff refunds also supported profitability. Our prediction for the segment’s adjusted operating income was $148 million.
Lincoln Electric's International Results Face Volume PressureInternational Welding sales rose 4.5% to $243.3 million, as a 7% acquisition contribution and modest pricing and currency benefits offset a 4.7% volume decline. Organic sales were hurt by slowing demand in Europe, the Middle East and Africa, including a $2 million impact from the Middle East conflict. We expected the segment’s net sales to be $236 million in the quarter.
Adjusted EBIT declined 12.9% to $26.6 million, while the adjusted EBIT margin contracted 210 basis points to 10.6%. Lower EMEA volumes weighed on the segment’s profitability despite growth in Asia Pacific and contributions from Alloy Steel. We predicted an adjusted operating profit of $28.8 million.
LECO's Harris Products Group Delivers Sales & Profit GrowthThe Harris Products Group’s sales increased 26.9% to $201.9 million. A 34.2% pricing benefit, reflecting higher year-over-year metal costs, primarily silver, more than offset an 8.2% volume decline. Volumes were down 8.2% as it faced difficult year-over-year comparisons in HVAC and the retail channel. Our projection for the segment’s net sales was $171 million.
Adjusted EBIT advanced 32.5% to $42.3 million. The adjusted EBIT margin expanded 100 basis points to 20.4%, supported by SG&A leverage and a tariff refund. Our prediction for the segment’s adjusted operating income was $34.3 million.
Lincoln Electric Generates Record Cash FlowCash flow from operations reached a record $253.8 million, up from $143.8 million a year earlier. Free cash flow totaled $222.3 million, resulting in cash conversion of 138%.
LECO returned $120 million to shareholders, including $43.4 million in dividends and $76.1 million in share repurchases. Cash and cash equivalents were $242.4 million at quarter-end, while total debt declined to $1.15 billion from $1.29 billion at the end of 2025.
LECO Raises Its 2026 Sales AssumptionLincoln Electric raised its 2026 net sales growth assumption to the low-double-digit percentage range from the high-single-digit range. Management expects one-third of organic growth to come from volume and two-thirds from pricing.
The company anticipates neutral price-cost conditions and a mid-20% incremental adjusted operating margin in the second half. It also projects capital expenditures of $110-$130 million, a low-to-mid-20% tax rate and full-year cash conversion of 100% for the full year.
LECO Stock’s Price PerformanceLincoln Electric’s shares have gained 14.7% in the past year compared with the industry’s 12.3% growth.
Image Source: Zacks Investment Research
Lincoln Electric’s Zacks RankLECO currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Quarterly Performances of Other Manufacturing StocksStanley Black & Decker, Inc. (SWK - Free Report) reported adjusted earnings of $1.57 per share for the second quarter of 2026, which beat the Zacks Consensus Estimate of $1.20 by 30.8%. The bottom line increased from adjusted earnings of $1.08 per share reported in the year-ago quarter.
Stanley Black & Decker’s net sales of $3.96 billion surpassed the consensus estimate of $3.93 billion by 0.7% and increased 0.4% year over year. Higher organic sales, improved gross margins and strong cash generation supported the quarter. Stanley Black & Decker’s also raised its full-year adjusted earnings guidance to $5.20-$5.80 per share, up from the earlier outlook of $4.90-$5.70.
Enerpac (EPAC - Free Report) came out with quarterly earnings of 60 cents per share in the third quarter of fiscal 2026 (ended May 31, 2026), beating the Zacks Consensus Estimate of 49 cents per share. This compares with earnings of 51 cents per share a year ago.
Enerpac posted revenues of $167.6 million for the quarter, surpassing the Zacks Consensus Estimate of $165 million. This marks a 6% increase from year-ago revenues of $158.7 million. Enerpac updated its earnings per share projection for fiscal 2026 to $1.84-$1.89 from the prior stated $1.85-$1.92.
Dover Corporation (DOV - Free Report) reported second-quarter 2026 adjusted earnings of $2.74 per share, up 12% year over year and beating the Zacks Consensus Estimate of $2.72. The improvement reflected broad-based revenue growth, stronger segmental margins and operational execution that more than offset input-cost inflation.
Dover’s revenues rose 7% year over year to $2.19 billion but missed the consensus estimate of $2.21 billion. Organic revenues increased 4.8% in the quarter.
Lincoln Electric Holdings oznámila za 2. čtvrtletí zisk 2,93 USD na akcii a tržby 1,22 miliardy USD, obojí nad odhady. Zisk byl meziročně vyšší než 2,6 USD na akcii.
Lincoln Electric Holdings (LECO - Free Report) came out with quarterly earnings of $2.93 per share, beating the Zacks Consensus Estimate of $2.81 per share. This compares to earnings of $2.6 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +4.27%. A quarter ago, it was expected that this manufacturer of specialized welding products and other equipment would post earnings of $2.42 per share when it actually produced earnings of $2.5, delivering a surprise of +3.31%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Lincoln Electric, which belongs to the Zacks Manufacturing - Tools & Related Products industry, posted revenues of $1.22 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.45%. This compares to year-ago revenues of $1.09 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Lincoln Electric shares have added about 7.7% since the beginning of the year versus the S&P 500's gain of 6.9%.
What's Next for Lincoln Electric?While Lincoln Electric has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Lincoln Electric was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.75 on $1.14 billion in revenues for the coming quarter and $10.85 on $4.58 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Tools & Related Products is currently in the bottom 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Kennametal (KMT - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This engineered products maker is expected to post quarterly earnings of $2.31 per share in its upcoming report, which represents a year-over-year change of +579.4%. The consensus EPS estimate for the quarter has been revised 153.3% higher over the last 30 days to the current level.
Kennametal's revenues are expected to be $719.89 million, up 39.4% from the year-ago quarter.
