Lincoln Electric (NASDAQ:LECO) Issues Earnings Results

Lincoln Electric (NASDAQ:LECO) released its earnings results on Thursday. The industrial products company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.81 by $0.12, Briefing.com reports. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. Lincoln Electric had a net margin of 12.35% and a return on equity of 39.23%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.60 earnings per share.

Here are the key takeaways from Lincoln Electric’s conference call:

• Raised full-year sales outlook: Lincoln Electric now expects low-double-digit net sales growth, with organic growth in the high-single-digit to low-double-digit range, supported by stronger Americas demand, incoming orders, and a record backlog.
• Second-quarter sales rose 12% to $1.22 billion, while adjusted EPS increased 13% to $2.93. Adjusted operating margin improved 50 basis points to 18.4%, reflecting volume leverage and an improving price-cost position.
• Americas Welding showed broad-based momentum, including 7% volume growth and high-teens equipment sales growth. Management also cited accelerating automation demand, strong quoting activity, and customer investment in productivity and capacity.
• International Welding remains pressured by weak European industrial activity and an expected $6 million-$7 million quarterly headwind from the resumption of Middle East conflict; full-year segment margins are now expected at 10%-11%.
• Price-cost performance ended the quarter with a 10-basis-point headwind, but management expects pricing actions to deliver neutrality in the second half. Persistent inflation, commodity volatility, evolving trade policies, and a projected $10 million full-year LIFO headwind remain risks.

Lincoln Electric Stock Up 4.4%

NASDAQ LECO traded up $11.09 during midday trading on Friday, hitting $261.31. 748,158 shares of the company traded hands, compared to its average volume of 347,480. Lincoln Electric has a 52 week low of $216.22 and a 52 week high of $310.00. The company’s 50-day simple moving average is $259.82 and its 200-day simple moving average is $263.69. The company has a market cap of $14.32 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 1.54 and a beta of 1.20. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.98 and a quick ratio of 1.15.

Lincoln Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $3.16 dividend on an annualized basis and a yield of 1.2%. Lincoln Electric’s payout ratio is 31.57%.

Lincoln Electric News Summary

Here are the key news stories impacting Lincoln Electric this week:

• Positive Sentiment: Quarterly earnings beat estimates: Lincoln Electric reported adjusted earnings of $2.93 per share, above the consensus estimate of $2.81 and up from $2.60 in the year-ago quarter. Lincoln Electric Holdings Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Revenue substantially exceeded forecasts: Sales reached $1.22 billion, compared with analyst expectations of approximately $1.17 billion, representing 12% year-over-year growth. Lincoln Electric Q2 Earnings Snapshot
• Positive Sentiment: Record operating performance: Management described the quarter as a record period for sales, profitability, earnings and cash flow, reinforcing the view that demand and execution remain favorable across the industrial products business. Lincoln Electric Reports Second Quarter 2026 Results
• Neutral Sentiment: Additional investor context: The earnings-call transcript and presentation provide management’s detailed discussion of quarterly results, business conditions and the outlook. Investors will likely focus on forward demand trends and any changes to full-year expectations. Lincoln Electric 2026 Q2 Results Earnings Call Presentation

Analysts Set New Price Targets

Several research firms have weighed in on LECO. Weiss Ratings upgraded Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 10th. Wall Street Zen downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Morgan Stanley lifted their price target on Lincoln Electric from $250.00 to $253.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. Barclays boosted their target price on Lincoln Electric from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Stifel Nicolaus set a $275.00 price objective on shares of Lincoln Electric in a research report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $299.38.

Insider Transactions at Lincoln Electric

In other Lincoln Electric news, EVP Michael J. Whitehead sold 845 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 9,319 shares in the company, 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 document filed with the SEC, which can be accessed through the SEC website. 1.68% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lincoln Electric

A number of large investors have recently made changes to their positions in the business. Summit Securities Group LLC purchased a new position in Lincoln Electric during the 4th quarter worth $46,000. Geneos Wealth Management Inc. increased its stake in Lincoln Electric by 980.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 255 shares in the last quarter. Quarry LP acquired a new stake in shares of Lincoln Electric during the third quarter worth $89,000. CIBC Private Wealth Group LLC grew its holdings in shares of Lincoln Electric by 28.3% during the third quarter. CIBC Private Wealth Group LLC now owns 530 shares of the industrial products company’s stock valued at $125,000 after buying an additional 117 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Lincoln Electric by 8.7% in the 4th quarter. UMB Bank n.a. now owns 823 shares of the industrial products company’s stock valued at $197,000 after acquiring an additional 66 shares during the period. 79.61% of the stock is owned by institutional investors and hedge funds.

Lincoln Electric Company Profile

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.