Lincoln Electric Holdings, Inc. (LECO)

NASDAQ: LECO · IEX Real-Time Price · USD
188.64
+2.24 (1.20%)
At close: Jun 28, 2024, 4:00 PM
188.44
-0.20 (-0.11%)
After-hours: Jun 28, 2024, 7:35 PM EDT
1.20%
Market Cap 10.74B
Revenue (ttm) 4.13B
Net Income (ttm) 546.73M
Shares Out 56.91M
EPS (ttm) 9.42
PE Ratio 20.03
Forward PE 19.92
Dividend $2.84 (1.51%)
Ex-Dividend Date Jun 28, 2024
Volume 717,262
Open 187.37
Previous Close 186.40
Day's Range 186.68 - 190.36
52-Week Range 164.00 - 261.13
Beta 1.17
Analysts Buy
Price Target 223.38 (+18.42%)
Earnings Date Jul 25, 2024

About LECO

Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joi... [Read more]

Sector Industrials
Founded 1895
Employees 12,000
Stock Exchange NASDAQ
Ticker Symbol LECO
Full Company Profile

Financial Performance

In 2023, LECO's revenue was $4.19 billion, an increase of 11.44% compared to the previous year's $3.76 billion. Earnings were $545.25 million, an increase of 15.46%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for LECO stock is "Buy." The 12-month stock price forecast is $223.38, which is an increase of 18.42% from the latest price.

Price Target
$223.38
(18.42% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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

CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today announced that it has been recognized as one of America's Greatest Workplaces for 2024 by Newswe...

3 days ago - Business Wire

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

CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric completes $550M senior unsecured notes. Proceeds will be used to repay its $400M term loan. Entered into a $1B revolver.

4 days ago - Business Wire

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

CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric is recognized as one of the USA TODAY America's Best Climate Leaders 2024 for its reduction in core emissions intensity.

4 weeks ago - Business Wire

Lincoln Electric to Present at the Stifel 2024 Cross Sector Insight Conference

CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc. (Nasdaq: LECO) today announced that Steven B. Hedlund, President and Chief Executive Officer, will speak at the Stifel 2024 Cross Sec...

4 weeks ago - Business Wire

Lincoln Electric Announces May 2024 Events with the Financial Community

CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc., (Nasdaq: LECO) today announced its participation in the following upcoming events with the financial community in the month of May: ...

2 months ago - Business Wire

Lincoln Electric Reports First Quarter 2024 Results

CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric reports Q1 2024 results. $981 million in net sales with record adjusted EPS of $2.23 and record $133 million in cash flows.

2 months ago - Business Wire

Lincoln Electric Board Declares Dividend

CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric's Board of Directors declares a quarterly cash dividend.

2 months ago - Business Wire

Lincoln Electric Appoints Susan C. Edwards as Chief Human Resources Officer

CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric appoints Susan Edwards as SVP, CHRO, effective April 8, 2024.

3 months ago - Business Wire

Lincoln Electric Appoints Michele R. Kuhrt as Chief Transformation Officer

CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric appoints Michele Kuhrt as Chief Transformation Officer to lead initiatives to accelerate business process standardization.

3 months ago - Business Wire

Lincoln Electric Schedules Webcast for First Quarter 2024 Results

CLEVELAND--(BUSINESS WIRE)-- #weldred--Lincoln Electric schedules its first quarter 2024 earnings release and webcast for Thursday, April 25, 2024.

3 months ago - Business Wire

Lincoln Electric Acquires RedViking®

CLEVELAND--(BUSINESS WIRE)-- #weldred--Lincoln Electric acquires RedViking to expand its industry-leading automation solutions.

3 months ago - Business Wire

Ethisphere Names Lincoln Electric as One of the 2024 World's Most Ethical Companies® for the Sixth Time

Annual recognition highlights organizations that have demonstrated a commitment to business integrity through robust ethics, compliance, and governance programs Annual recognition highlights organizat...

4 months ago - GlobeNewsWire

Lincoln Electric Reports Fourth Quarter and Full Year 2023 Results

CLEVELAND, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported fourth quarter 2023 net income of $156.6 million, or diluted earnings per sha...

4 months ago - GlobeNewsWire

Lincoln Electric to Present at the Barclays 41st Industrials Select Conference

CLEVELAND, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (Nasdaq: LECO) today announced that Steven B. Hedlund, President and Chief Executive Officer and Gabriel Bruno, Executive V...

5 months ago - GlobeNewsWire

Lincoln Electric Schedules Webcast for Fourth Quarter and Full Year 2023 Results

CLEVELAND, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) announced today that it will release its fourth quarter and full year 2023 results on Thurs...

5 months ago - GlobeNewsWire

Lincoln Electric Schedules 2024 Virtual Annual Meeting of Shareholders

CLEVELAND, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today announced that the Company's 2024 Annual Meeting of Shareholders will be held as a vir...

5 months ago - GlobeNewsWire

Lincoln Electric Named to Newsweek's 2024 Ranking of America's Most Responsible Companies

CLEVELAND, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) is pleased to announce that is has been named to Newsweek's list of America's Most Responsible Companies 20...

7 months ago - GlobeNewsWire

Lincoln Electric Launches Velion™ DC Fast Charger for Electric Vehicles

Redefining the Reliability of EV Charging CLEVELAND , Dec. 1, 2023 /PRNewswire/ -- Lincoln Electric Holdings, Inc. (NASDAQ: LECO) (the "Company") introduces the Velion™ DC Fast Charger for Electric Ve...

7 months ago - PRNewsWire

Lincoln Electric Appoints J. Ashley Hall as Senior Vice President, Global Procurement

CLEVELAND, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (Nasdaq: LECO) (“Company”), announced today that J. Ashley Hall has joined the Company to serve as Senior Vice President, G...

8 months ago - GlobeNewsWire

Lincoln Electric Reports Third Quarter 2023 Results

Third Quarter 2023 Highlights Net sales increase 10.5% to record $1,033 million Operating income margin of 16.6%; Record adjusted operating income margin of 17.7% Record EPS of $2.22; Record adjusted ...

8 months ago - GlobeNewsWire

Lincoln Electric Elects Marc A. Howze to Its Board of Directors

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/56a01af6-4dba-4eaa-9ad0-0ba298ea818a

9 months ago - GlobeNewsWire

Lincoln Electric Announces 11% Dividend Increase

CLEVELAND, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has approved an 11% increase in the quarterly cash dividend, fr...

9 months ago - GlobeNewsWire

Lincoln Electric Schedules Webcast For Third Quarter 2023 Results

CLEVELAND, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) announced today that it will release its third quarter 2023 results on Friday, October 27,...

9 months ago - GlobeNewsWire

Lincoln Electric Named to Newsweek's America's Greenest Companies 2024 Ranking

CLEVELAND, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc., (Nasdaq: LECO) is pleased to announce today that is has been recognized as one of America's Greenest Companies 2024 by Ne...

9 months ago - GlobeNewsWire

Lincoln Electric To Host The CharIN Testival North America 2023 Event

Lincoln Electric to host CharIN's Testival North America 2023 event at Lincoln's Cleveland, Ohio campus and showcase its new Velion 150kW DC fast charger.

9 months ago - GlobeNewsWire