Lincoln Electric Holdings Stock (NASDAQ: LECO)

Lincoln Electric Holdings (NASDAQ:LECO) Stock, Quote.Headers.trade-ideas

Lincoln Electric Holdings

Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. The firm's portfolio of products includes arc-welding solutions, plasma and oxy-fuel cutting systems, and brazing and soldering alloys, as well as automation solutions. Lincoln Electric serves clients in the general fabrication, heavy industries, automotive, construction, shipbuilding, energy and process industries, among other end markets. Based in Cleveland, Ohio, Lincoln Electric has operations in 19 countries and has 11,000 employees worldwide. The company generated roughly $4.2 billion in sales in 2023.

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Lincoln Electric Holdings, Inc. (NASDAQ: LECO) reported adjusted earnings of $2.34 per share in the second quarter of 2024, beating the Zacks Consensus Estimate of $2.30. The bottom line decreased 4.1% year over year.

Lincoln Electric Q2 Earnings Beat, Revenues Dip Y/Y

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Lincoln Electric Holdings, Inc. (NASDAQ: LECO) shares have lost 20.9% in the past three months compared with the industry&#39;s 10% decline. This mainly reflects escalating freight and material costs. Low volumes in the Harris Products Group add to the woes.

Lincoln Electric Dips 21% in 3 Months: Will It Recover?

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KeyBanc Capital Markets analyst Steve Barger upgraded the ratings on Lincoln Electric Holdings, Inc. (NASDAQ: LECO) to 

Lincoln Electric Upgraded: KeyBanc Analyst Foresees Robust Growth On The Back Of EV Charging And Welding Segment

Lincoln Electric Holdings, Inc. - Common Shares

Lincoln Electric Holdings Inc

WIIM

Lincoln Electric shares are trading lower after Baird lowered its price target on the stock from $220 to $212.

<p>Baird  analyst Mircea Dobre   maintains Lincoln Electric Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>) with a Outperform and lowers the price target from $220 to $212.</p>


Baird Maintains Outperform on Lincoln Electric Holdings, Lowers Price Target to $212

<p><strong>Lincoln Electric Holdings, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/leco#NASDAQ">LECO</a>) reported adjusted earnings of $2.34 per share in the second quarter of 2024, beating the Zacks Consensus Estimate of $2.30. The bottom line decreased 4.1% year over year.</p>
<p>Including one-time items, the bottom line was $1.77 per share compared with $2.36 in the prior-year quarter.</p>
<p>Total revenues fell 3.7% year over year to $1.02 billion. However, the top line marginally beat the Zacks Consensus Estimate of $1.01 billion. The decline was due to a 4.4% fall in organic sales, partially offset by a 1.2% benefit from acquisitions.</p>
<div class="chart_embed">
<h3>Lincoln Electric Holdings, Inc. Price, Consensus and EPS Surprise</h3>
<h3><img alt="Lincoln Electric Holdings, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/47/1722605846.png" style="height:278px; width:620px" title="" /></h3>
<p>Lincoln Electric Holdings, Inc. price-consensus-eps-surprise-chart | Lincoln Electric Holdings, Inc. Quote</p>
</div>
<h3>Costs &amp; Margins</h3>
<p>The cost of goods sold fell 7.2% to $638 million from the prior-year quarter. The gross profit increased 2.8% to $384 million. The gross margin was 37.6% compared with the year-ago quarter&#39;s 35.2%.</p>
<p>Selling, general and administrative expenses increased 8.2% year over year to $208.5 million. Adjusted operating profit decreased 3.6% to $178 million in the quarter. The adjusted operating margin was 17.4% in the reported quarter, flat year over year.</p>
<h3>Segmental Performance</h3>
<p><strong>Americas Welding</strong>: The segment&#39;s total sales decreased to $687 million from $708 million in the year-earlier quarter. The reported figure lagged our estimated revenues of $714 million. Adjusted operating income totaled $137 million compared with $140 million in the prior-year quarter. We estimated an adjusted operating income of $131 million.</p>
<p><strong>International Welding</strong>: This segment&#39;s revenues fell 5.4% year over year to $248 million in the reported quarter. We projected quarterly revenues of $251 million. The segment reported an adjusted operating profit of $26 million compared with the year-ago quarter&#39;s $34 million. The reported figure missed our estimate of $29 million.</p>
<p><strong>The Harris Products Group</strong>: The segment&#39;s second-quarter total sales amounted to around $137 million, reflecting a year-over-year rise of 3.2%. The figure beat our estimate of $133 million. Adjusted operating profit was $25 million compared with the prior-year quarter&#39;s $20 million. Our prediction for the segment&#39;s adjusted income was $22 million.</p>
<h3>Financial Update</h3>
<p>Lincoln Electric had cash and cash equivalents of around $223 million at the end of the second quarter of 2024 compared with $394 million at the 2023 end.&nbsp; The company generated $171 million in cash flow from operations in the quarter under review compared with $199 million in the year-ago quarter. LECO returned $91 million to shareholders via dividends and share repurchases throughout the quarter.</p>
<h3>Price Performance</h3>
<p>Lincoln Electric&#39;s shares have gained 3.4% in the past year compared with the industry&#39;s growth of 10.3%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/8e/73218.jpg?v=354166043" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Zacks Rank</h3>
<p>Lincoln Electric carries a Zacks Rank #3 (Hold) at present.</p>
<h3>Peer Performances</h3>
<p><strong>Stanley Black &amp; Decker, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/swk#NYSE">SWK</a>) reported second-quarter 2024 adjusted earnings of $1.09 per share, which beat the Zacks Consensus Estimate of 85 cents. The company reported a loss of 11 cents per share in the year-ago quarter.</p>
<p>Stanley Black&#39;s net sales of $4.02 billion beat the consensus estimate of $4.01 billion. The top line declined 3.2% year over year due to weakness in the Industrial segment.</p>
<p><strong>Enerpac Tool Group Corp. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epac#NYSE">EPAC</a>) reported third-quarter fiscal 2024 (ended May 31 2024) adjusted earnings of 47 cents per share, in line with the Zacks Consensus Estimate. The company reported earnings of 39 cents per share in the year-ago quarter.</p>
<p>EPAC&#39;s net sales of $150 million missed the consensus estimate of $153 million. The top line declined 4% year over year.</p>
<h3>Manufacturing Stock Awaiting Results</h3>
<p><strong>Kennametal Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmt#NYSE">KMT</a>) is set to release its fourth-quarter fiscal 2024 results on Aug 7.</p>
<p>The Zacks Consensus Estimate for KMT&#39;s earnings per share is pegged at 44 cents for the fiscal fourth quarter, suggesting a decline of 13.7% from the year-ago reported figure. The Zacks Consensus Estimate for total revenues is pinned at $532.1 million, indicating a year-over-year decrease of 3.3%.</p>
<p><a href="https://www.zacks.com/stock/news/2315557/lincoln-electric-leco-q2-earnings-beat-revenues-dip-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2315557">To read this article on Zacks.com click here.</a></p>


<p>Barclays  analyst Adam Seiden   maintains Lincoln Electric Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/leco#NASDAQ">LECO</a>) with a Overweight and raises the price target from $185 to $220.Barclays  analyst Adam Seiden   maintains Lincoln Electric Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>) with a Overweight and raises the price target from $185 to $220. </p>


Barclays Maintains Overweight on Lincoln Electric Holdings, Raises Price Target to $220

<p>Baird  analyst Mircea Dobre   maintains Lincoln Electric Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>) with a Outperform and raises the price target from $213 to $220.</p>


Baird Maintains Outperform on Lincoln Electric Holdings, Raises Price Target to $220

<p>Lincoln Electric Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>) reported quarterly earnings of $2.34 per share which beat the analyst consensus estimate of $2.29 by 2.18 percent. This is a 4.1 percent decrease over earnings of $2.44 per share from the same period last year.  The company reported quarterly sales of $1.022 billion which beat the analyst consensus estimate of $1.018 billion by 0.41 percent.  This is a 3.68 percent decrease over sales of $1.061 billion the same period last year.</p>


Lincoln Electric Holdings Q2 2024 Adj. EPS $2.34 Beats $2.29 Estimate, Sales $1.022B Beat $1.018B Estimate

Lincoln Electric Announced That It Has Acquired Vanair Manufacturing For An Undisclosed Amount

<p>Analysts' ratings for Lincoln Electric Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>) over the last quarter vary from bullish to bearish, as provided by 6 analysts.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts have set 12-month price targets for Lincoln Electric Holdings, revealing an average target of $240.67, a high estimate of $265.00, and a low estimate of $213.00. Experiencing a 5.25% decline, the current average is now lower than the previous average price target of $254.00. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721322020_0.png" alt="price target chart" /></p>
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
<p>The perception of Lincoln Electric Holdings by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$213.00</td>
<td>$209.00</td>
</tr>
<tr>
<td>Chris Dankert</td>
<td>Loop Capital</td>
<td>Lowers</td>
<td>Buy</td>
<td>$265.00</td>
<td>$285.00</td>
</tr>
<tr>
<td>Mircea Dobre</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$236.00</td>
<td>$252.00</td>
</tr>
<tr>
<td>Steve Barger</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$240.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$238.00</td>
<td>$241.00</td>
</tr>
<tr>
<td>Mircea Dobre</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$252.00</td>
<td>$257.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Lincoln Electric Holdings. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Lincoln Electric Holdings compared to the broader market.</li>
<li><strong>Price Targets:</strong> Gaining insights, analysts provide estimates for the future value of Lincoln Electric Holdings's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Lincoln Electric Holdings's market position. Stay informed and make well-informed decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/LECO/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Lincoln Electric Holdings analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind Lincoln Electric Holdings</h2>
<p>Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. The firm's portfolio of products includes arc-welding solutions, plasma and oxy-fuel cutting systems, and brazing and soldering alloys, as well as automation solutions. Lincoln Electric serves clients in the general fabrication, heavy industries, automotive, construction, shipbuilding, energy and process industries, among other end markets. Based in Cleveland, Ohio, Lincoln Electric has operations in 19 countries and has 11,000 employees worldwide. The company generated roughly $4.2 billion in sales in 2023.</p>
<h3>Lincoln Electric Holdings: Delving into Financials</h3>
<p><strong>Market Capitalization Analysis:</strong> Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.</p>
<p><strong>Negative Revenue Trend:</strong> Examining Lincoln Electric Holdings's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately <strong>-5.59%</strong> in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.</p>
<p><strong>Net Margin:</strong> The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of <strong>12.58%,</strong> the company may need to address challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Lincoln Electric Holdings's ROE excels beyond industry benchmarks, reaching <strong>9.43%</strong>. This signifies robust financial management and efficient use of shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Lincoln Electric Holdings's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>3.65%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> Lincoln Electric Holdings's debt-to-equity ratio is notably higher than the industry average. With a ratio of <b>0.85</b>, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.</p>
<h2>Analyst Ratings: Simplified</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings For Lincoln Electric Holdings

<p>Stifel  analyst Nathan Jones   maintains Lincoln Electric Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>) with a Hold and raises the price target from $209 to $213.</p>


Stifel Maintains Hold on Lincoln Electric Holdings, Raises Price Target to $213

PCAR

PPIH

Shares of machine companies are trading higher following Core Retail Sales and Retail Sales economic data. Also, strength may be due to trader optimism that the Fed will cut rates.

GTLS

Shares of machinery companies are trading higher following recent CPI data.

<p><strong>Lincoln Electric Holdings's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NYSE">LECO</a>) short percent of float has risen 12.1% since its last report. The company recently reported that it has <strong>985 thousand shares sold short</strong>, which is 1.76% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 3.41 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Lincoln Electric Holdings Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1717613120_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Lincoln Electric Holdings has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Lincoln Electric Holdings's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lincoln Electric Holdings's peer group average for short interest as a percentage of float is 3.23%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


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Short Ideas

Peering Into Lincoln Electric Holdings's Recent Short Interest

<p><strong>Lincoln Electric Holdings, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/leco#NASDAQ">LECO</a>) shares have lost 20.9% in the past three months compared with the industry&#39;s 10% decline. This mainly reflects escalating freight and material costs. Low volumes in the Harris Products Group add to the woes.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/3d/67575.jpg?v=50542931" /><br />
Image Source - Zacks Investment Research</p>
<h3>High Costs, Weakness in Harris Products Group Ail</h3>
<p>Lincoln Electric is witnessing inflationary headwinds from escalating labor and raw material costs that impacted its margins. In addition, continued risks of possible supply-chain disruptions are expected to result in lower operating activity and higher inefficiencies in the business.<br />
The Harris Products Group&#39;s revenues have been bearing the brunt of lower volumes for the past four quarters, reflecting weak demand. Lower volumes primarily reflect soft residential-oriented applications (HVAC, plumbing). This will continue to weigh on the segment&#39;s results.<br />
The company has a market capitalization of around $3 billion. It currently carries a Zacks Rank #3 (Hold). Let us discuss the factors that indicate that the stock might stage a comeback.<br />
<em><strong>Strong Backlogs &amp; Demand in Most Markets</strong></em>: Lincoln Electric has witnessed improving order rates across all end-market sectors, regions and products. The company is seeing strong quoting activity and high backlogs for equipment systems and automation solutions. The company&#39;s equipment sales are being driven by solid demand across direct and distribution channels. Robust backlog and acquisitions are expected to benefit the company&#39;s performance through this year.<br />
<em><strong>Focus on Pricing</strong></em>: LECO has also been effectively managing to counter raw material inflation through pricing actions and improved productivity. Backed by these tailwinds, the company has delivered improvement in revenues in the past 12 quarters. This momentum is expected to continue in the next few quarters as well.<br />
<em><strong>On Track to Achieve Targets</strong></em>: The company has a target of sales CAGR growth of high-single-digit to low-double-digit percentage for 2020-2025, per its Higher Standard 2025 Strategy. The company has delivered a sales CAGR of 12% over the 2020-2023 period, which indicates that it is on track to achieve its goals.<br />
Also, the adjusted EPS CAGR is envisioned at high-teens to low 20% for 2020-2025. The company has witnessed a CAGR of 31% in 2020-2023. For 2024, it expects low- to mid-single-digit organic sales growth and incremental operating income margin in the low-to-mid 20%.<br />
<em><strong>Solid Balance Sheet</strong></em>: Lincoln Electric had cash and cash equivalents of around $375 million at the end of the first quarter of 2024.<br />
The company generated $133 million in cash flow from operations in the first quarter of 2024, up from $124 million in the first quarter of 2023. LECO returned $152 million to shareholders via dividends and share repurchases through the quarter.</p>
<p>Its total debt-to-total capital ratio was 0.46 as of Mar 31, 2024, lower than 0.51 as of Mar 31, 2023. The times interest earned ratio was 18.3 as of Mar 31, 2024. Lincoln Electric has a balanced capital allocation strategy, prioritizing growth investment while returning cash to shareholders.<br />
The company will continue to evaluate M&amp;A options focused primarily on tuck-in assets, supporting its Higher Standard 2025 strategy.<br />
<em><strong>Focus on Growth</strong></em>: Lincoln Electric is focused on product development and using digital platforms to engage customers. Its product launches in the automation solutions market are likely to aid growth. The company is focused on its new additive services business, which will position Lincoln Electric as a manufacturer of large-scale 3D-printed metal spell parts, prototypes and tooling for industrial customers.<br />
This is likely to be a growth opportunity for Lincoln Electric. The company continues to expand the brand&#39;s geographic and channel reach into attractive areas such as automation in sync with its strategy initiatives.</p>
<h3>Zacks Rank &amp; Stocks to Consider</h3>
<p>Lincoln Electric currently has a Zacks Rank #3 (Hold).<br />
Some better-ranked stocks from the Industrial Products sector are <strong>Intellicheck, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idn#NASDAQ">IDN</a>), <strong>Applied Industrial Technologies</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ait#NYSE">AIT</a>) and <strong>ACCO Brands Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acco#NYSE">ACCO</a>). IDN currently sports a Zacks Rank #1 (Strong Buy), and AIT and ACCO carry a Zacks Rank #2 (Buy).<br />
The Zacks Consensus Estimate for Intellicheck&#39;s 2024 earnings is pegged at 2 cents per share. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 28.9%. IDN shares have gained 77.9% in the past three months.<br />
Applied Industrial has an average trailing four-quarter earnings surprise of 8.2%. The Zacks Consensus Estimate for AIT&#39;s 2024 earnings is pinned at $9.62 per share, which indicates year-over-year growth of 9.9%. Estimates have moved north by 2% in the past 60 days. The company&#39;s shares have gained 2.7% in the past three months.<br />
The Zacks Consensus Estimate for ACCO Brands&#39; 2024 earnings is pegged at $1.07 per share. The consensus estimate for 2024 earnings has been unchanged in the past 60 days. The company has a trailing four-quarter average earnings surprise of 25.9%. ACCO shares have gained 1.5% in the past three months.</p>
<p><a href="https://www.zacks.com/stock/news/2280214/lincoln-electric-leco-dips-21-in-3-months-will-it-recover?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2280214">To read this article on Zacks.com click here.</a></p>


<p>Loop Capital  analyst Chris Dankert   maintains Lincoln Electric Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>) with a Buy and lowers the price target from $285 to $265.</p>


Loop Capital Maintains Buy on Lincoln Electric Holdings, Lowers Price Target to $265

<p>Throughout the last three months, 5 analysts have evaluated Lincoln Electric Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>), offering a diverse set of opinions from bullish to bearish.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $241.4, a high estimate of $252.00, and a low estimate of $236.00. Experiencing a 4.89% decline, the current average is now lower than the previous average price target of $253.80. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1716555628_0.png" alt="price target chart" /></p>
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
<p>The standing of Lincoln Electric Holdings among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mircea Dobre</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$236.00</td>
<td>$252.00</td>
</tr>
<tr>
<td>Steve Barger</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$240.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$238.00</td>
<td>$241.00</td>
</tr>
<tr>
<td>Mircea Dobre</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$252.00</td>
<td>$257.00</td>
</tr>
<tr>
<td>Nathan Jones</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$241.00</td>
<td>$239.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Lincoln Electric Holdings. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Lincoln Electric Holdings compared to the broader market.</li>
<li><strong>Price Targets:</strong> Understanding forecasts, analysts offer estimates for Lincoln Electric Holdings's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
<p>To gain a panoramic view of Lincoln Electric Holdings's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/LECO/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Lincoln Electric Holdings analyst ratings.</strong></a></p>
<h2>Discovering Lincoln Electric Holdings: A Closer Look</h2>
<p>Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. The firm's portfolio of products includes arc-welding solutions, plasma and oxy-fuel cutting systems, and brazing and soldering alloys, as well as automation solutions. Lincoln Electric serves clients in the general fabrication, heavy industries, automotive, construction, shipbuilding, energy and process industries, among other end markets. Based in Cleveland, Ohio, Lincoln Electric has operations in 19 countries and has 11,000 employees worldwide. The company generated roughly $4.2 billion in sales in 2023.</p>
<h3>Lincoln Electric Holdings's Financial Performance</h3>
<p><strong>Market Capitalization Analysis:</strong> Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Challenges:</strong> Lincoln Electric Holdings's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately <strong>-5.59%</strong>. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.</p>
<p><strong>Net Margin:</strong> Lincoln Electric Holdings's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of <strong>12.58%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Lincoln Electric Holdings's ROE excels beyond industry benchmarks, reaching <strong>9.43%</strong>. This signifies robust financial management and efficient use of shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Lincoln Electric Holdings's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of <strong>3.65%,</strong> the company showcases efficient use of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> Lincoln Electric Holdings's debt-to-equity ratio is notably higher than the industry average. With a ratio of <b>0.85</b>, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


A Closer Look at 5 Analyst Recommendations For Lincoln Electric Holdings

<p>Baird  analyst Mircea Dobre   maintains Lincoln Electric Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>) with a Outperform and lowers the price target from $252 to $236.</p>


Baird Maintains Outperform on Lincoln Electric Holdings, Lowers Price Target to $236

<p>Keybanc  analyst Steve Barger   maintains Lincoln Electric Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>) with a Overweight and lowers the price target from $280 to $240.</p>


Keybanc Maintains Overweight on Lincoln Electric Holdings, Lowers Price Target to $240

<p><strong>Lincoln Electric Holdings's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NYSE">LECO</a>) short percent of float has fallen 8.72% since its last report. The company recently reported that it has <strong>879 thousand shares sold short</strong>, which is 1.57% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.57 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Lincoln Electric Holdings Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1716220818_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Lincoln Electric Holdings has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Lincoln Electric Holdings's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lincoln Electric Holdings's peer group average for short interest as a percentage of float is 3.17%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


How Is The Market Feeling About Lincoln Electric Holdings?

<p>Oppenheimer  analyst Bryan Blair   maintains Lincoln Electric Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>) from Perform to Perform.</p>


Oppenheimer Maintains Perform on Lincoln Electric Holdingsto Perform

<p>Stifel  analyst Nathan Jones   maintains Lincoln Electric Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>) with a Hold and lowers the price target from $241 to $238.</p>


Stifel Maintains Hold on Lincoln Electric Holdings, Lowers Price Target to $238

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Press Releases

Lincoln Electric Awarded on the USA TODAY America's Best Climate Leaders 2024 List

Lincoln Electric Completes $550 Million Private Placement of Senior Unsecured Notes and Related Refinancing Transactions

Lincoln Electric Named to Newsweek's America's Greatest Workplaces 2024

Lincoln Electric Schedules Webcast for Second Quarter 2024 Results

Lincoln Electric Awarded on TIME's America's Best Mid-Size Companies 2024 List

Lincoln Electric Board Declares Dividend

Lincoln Electric Acquires Vanair®

Lincoln Electric Reports Second Quarter 2024 Results

Lincoln Electric Named to Newsweek's America's Greatest Workplaces for Parents & Families 2024

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