The Manufacturers Life Insurance Company Takes Position in Lincoln Electric Holdings, Inc. $LECO

The Manufacturers Life Insurance Company bought a new position in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 52,570 shares of the industrial products company’s stock, valued at approximately $1,858,000.

A number of other large investors have also recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in Lincoln Electric in the 4th quarter worth about $27,000. Keating Financial Advisory Services Inc. bought a new stake in Lincoln Electric in the second quarter worth about $29,000. Fiduciary Financial Advisors purchased a new position in shares of Lincoln Electric during the second quarter valued at approximately $38,000. Summit Securities Group LLC bought a new position in shares of Lincoln Electric during the fourth quarter valued at approximately $46,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Lincoln Electric during the 2nd quarter worth approximately $48,000. 79.61% of the stock is owned by hedge funds and other institutional investors.

Lincoln Electric Stock Up 0.5%

Lincoln Electric stock opened at $273.83 on Friday. 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 firm has a market cap of $14.93 billion, a P/E ratio of 27.36, a P/E/G ratio of 1.63 and a beta of 1.21. The business has a fifty day moving average of $267.57 and a two-hundred day 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.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly 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 business had revenue of $1.22 billion for 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 business’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $2.60 EPS. On average, analysts forecast that Lincoln Electric Holdings, Inc. will post 11.16 earnings per share for the current fiscal year.

Lincoln Electric Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wall Street Zen upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Morgan Stanley raised shares of Lincoln Electric from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $257.00 to $283.00 in a research note on Monday, August 10th. 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 price objective for the company. Weiss Ratings raised shares of Lincoln Electric from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 10th. Finally, DA Davidson began coverage on shares of Lincoln Electric in a research note on Tuesday, June 16th. They issued a “buy” rating and a $320.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $307.22.

Lincoln Electric News Summary

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

Insider Buying and Selling

In other Lincoln Electric news, EVP Michael 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. Corporate insiders own 1.68% of the company’s stock.

About Lincoln Electric

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.