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

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Shares of machine companies are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

Revealing a significant insider sell on December 12, Michael Whitehead, SVP at Lincoln Electric Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>), as per the latest SEC filing.
What Happened: Whitehead's decision to sell 1,474 shares of Lincoln Electric Holdings was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000059527/000141588924029114//Archives/edgar/data/59527/000141588924029114/0001415889-24-029114-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value of the sale is $305,625.
Lincoln Electric Holdings shares are trading down 1.25% at $205.04 at the time of this writing on Friday morning.
<h3>Delving into Lincoln Electric Holdings's Background</h3>
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.
<h3>Key Indicators: Lincoln Electric Holdings's Financial Health</h3>
Decline in Revenue: Over the 3 months period, Lincoln Electric Holdings faced challenges, resulting in a decline of approximately -4.79% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 35.79%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 1.78, Lincoln Electric Holdings showcases strong earnings per share.
</li>
</ul>
Debt Management: Lincoln Electric Holdings's debt-to-equity ratio surpasses industry norms, standing at 0.94. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 24.78 is lower than the industry average, implying a discounted valuation for Lincoln Electric Holdings's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 2.95 is lower than the industry average, implying a discounted valuation for Lincoln Electric Holdings's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Lincoln Electric Holdings's EV/EBITDA ratio, lower than industry averages at 16.74, indicates attractively priced shares.
</li>
</ul>
Market Capitalization Analysis: 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.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions should be considered alongside other factors when making investment decisions, as they can offer important insights.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000059527">Check Out The Full List Of Lincoln Electric Holdings's Insider Trades.</a>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Michael Whitehead Executes Sell Order: Offloads $305K In Lincoln Electric Holdings Stock

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 $195 to $216.

Stifel Maintains Hold on Lincoln Electric Holdings, Raises Price Target to $216

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 raises the price target from $210 to $230.

Keybanc Maintains Overweight on Lincoln Electric Holdings, Raises Price Target to $230

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Shares of machinery companies are trading higher. Investors may be reacting to the US presidential election and its impact on the industry.

Lincoln Electric shares are trading higher after the company reported better-than-expected Q3 adjusted EPS results.

Lincoln Electric Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>) reported quarterly earnings of $2.14 per share which beat the analyst consensus estimate of $2.08 by 2.88 percent. This is a 10.83 percent decrease over earnings of $2.40 per share from the same period last year. The company reported quarterly sales of $983.76 million which missed the analyst consensus estimate of $990.87 million by 0.72 percent. This is a 4.77 percent decrease over sales of $1.03 billion the same period last year.

Earnings Misses

Lincoln Electric Holdings Q3 2024 Adj EPS $2.14 Beats $2.08 Estimate, Sales $983.76M Miss $990.87M Estimate

The dividend is payable January 15, 2025, to shareholders of record at the close of business on December 31, 2024.

Dividends

Lincoln Electric Boosts Quarterly Cash Dividend By 5.6% From $0.71 To $0.75 Per Share

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Lincoln Electric Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LECO#NASDAQ">LECO</a>) in the last three months.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</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>Last 30D</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>1M Ago</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>2M Ago</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>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</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>
</tbody>
</table>
Analysts have set 12-month price targets for Lincoln Electric Holdings, revealing an average target of $209.25, a high estimate of $220.00, and a low estimate of $185.00. Surpassing the previous average price target of $200.50, the current average has increased by 4.36%.
<img src="https://www.benzinga.com/files/images/story/2024/1729090821_0_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Lincoln Electric Holdings. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<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>$185.00</td>
<td>$184.00</td>
</tr>
<tr>
<td>Mircea Dobre</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$212.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Adam Seiden</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$220.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Mircea Dobre</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$220.00</td>
<td>$213.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Lincoln Electric Holdings. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Lincoln Electric Holdings compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Lincoln Electric Holdings's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Lincoln Electric Holdings's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/LECO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Lincoln Electric Holdings analyst ratings.</a>
<h2>Unveiling the Story Behind Lincoln Electric Holdings</h2>
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.
<h3>Lincoln Electric Holdings: Financial Performance Dissected</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Lincoln Electric Holdings faced challenges, resulting in a decline of approximately -3.67% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Lincoln Electric Holdings's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 9.95%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Lincoln Electric Holdings's ROE stands out, surpassing industry averages. With an impressive ROE of 7.76%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Lincoln Electric Holdings's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.99%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a high debt-to-equity ratio of 0.84, Lincoln Electric Holdings faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>What Are Analyst Ratings?</h2>
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.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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In-Depth Examination Of 4 Analyst Recommendations For Lincoln Electric Holdings

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 $184 to $185.

Stifel Maintains Hold on Lincoln Electric Holdings, Raises Price Target to $185

Christopher L. Mapes, Executive Chair, will retire from his position as Executive Chair and a member of the Board of Directors on December 31, 2024.
&nbsp;Hedlund will assume this position in addition to his role as President and Chief Executive Officer.

Management

Lincoln Electric Board Elects Steven Hedlund, Currently CEO And Director, To Succeed Christopher Mapes As Chair, Effective January 1, 2025

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

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.

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

Lincoln Electric Holdings, Inc. (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.
Including one-time items, the bottom line was $1.77 per share compared with $2.36 in the prior-year quarter.
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.
<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>
Lincoln Electric Holdings, Inc. price-consensus-eps-surprise-chart | Lincoln Electric Holdings, Inc. Quote
</div>
<h3>Costs &amp; Margins</h3>
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%.
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.
<h3>Segmental Performance</h3>
Americas Welding: 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.
International Welding: 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.
The Harris Products Group: 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.
<h3>Financial Update</h3>
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.
<h3>Price Performance</h3>
Lincoln Electric&#39;s shares have gained 3.4% in the past year compared with the industry&#39;s growth of 10.3%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/8e/73218.jpg?v=354166043" />
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
Lincoln Electric carries a Zacks Rank #3 (Hold) at present.
<h3>Peer Performances</h3>
Stanley Black &amp; Decker, Inc. (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.
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.
Enerpac Tool Group Corp. (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.
EPAC&#39;s net sales of $150 million missed the consensus estimate of $153 million. The top line declined 4% year over year.
<h3>Manufacturing Stock Awaiting Results</h3>
Kennametal Inc. (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.
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%.
<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>

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.

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

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.

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

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.

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

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.
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.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</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>Last 30D</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>1M Ago</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>2M Ago</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>3M Ago</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>
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. 
<img src="https://www.benzinga.com/files/images/story/2024/1721322020_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
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.
<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>Action Taken: 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>Rating: 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>Price Targets: 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>
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.
<a href="https://www.benzinga.com/quote/LECO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Lincoln Electric Holdings analyst ratings.</a>
<h2>Unveiling the Story Behind Lincoln Electric Holdings</h2>
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.
<h3>Lincoln Electric Holdings: Delving into Financials</h3>
Market Capitalization Analysis: 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.
Negative Revenue Trend: Examining Lincoln Electric Holdings's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -5.59% 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.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 12.58%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Lincoln Electric Holdings's ROE excels beyond industry benchmarks, reaching 9.43%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Lincoln Electric Holdings's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.65% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Lincoln Electric Holdings's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.85, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Analyst Ratings: Simplified</h2>
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.
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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For Lincoln Electric Holdings

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.

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

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Stifel analyst Nathan Jones raised the firm's price target on Lincoln Electric (LECO) to $216 from $195 and keeps a Hold rating on the shares. Glob...

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