Morgan Stanley initiated coverage on Lincoln Electric with a new price target
$LECO
Industrial Machinery/Components
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Morgan Stanley initiated coverage of Lincoln Electric with a rating of Underweight and set a new price target of $178.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2024 | $178.00 | Underweight | Morgan Stanley |
| 10/31/2023 | $210.00 | Neutral → Buy | Seaport Research Partners |
| 9/27/2023 | $170.00 | Sell | UBS |
| 7/21/2023 | Outperform → Perform | Oppenheimer | |
| 6/28/2023 | $232.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 5/16/2023 | Neutral | CL King | |
| 2/11/2022 | $141.00 → $143.00 | Equal-Weight | Morgan Stanley |
| 1/6/2022 | $170.00 | Buy | Loop Capital |
Third Quarter 2024 Highlights Net sales of $984 million Operating income margin of 14.8%; Adjusted operating income margin of 17.3% EPS of $1.77; Adjusted EPS of $2.14 Cash flows from operations of $199 million and 134% cash conversion Returned $91 million to shareholders through dividends and share repurchases Lincoln Electric Holdings, Inc. (the "Company") (NASDAQ:LECO) today reported third quarter 2024 net income of $100.8 million, or diluted earnings per share (EPS) of $1.77, which includes special item after-tax net charges of $21.6 million, or $0.37 EPS. This compares with prior year period net income of $129.3 million, or $2.22 EPS, which included special item after-t
29th Consecutive Annual Dividend Increase Lincoln Electric Holdings, Inc., (NASDAQ:LECO) announced today that its Board of Directors has approved a 5.6% increase in the quarterly cash dividend to $0.75 per share, or $3.00 per share on an annualized basis. The dividend is payable January 15, 2025, to shareholders of record at the close of business on December 31, 2024. "Our dividend increase reflects strong cash flow generation of the business, solid execution of our Higher Standard 2025 Strategy, and confidence in our ability to continue to deliver superior long-term value for our shareholders through the cycle," stated Steven B. Hedlund, President and Chief Executive Officer. About Linc
Lincoln Electric Holdings, Inc., (the "Company") (NASDAQ:LECO) announced today that it will release its third quarter 2024 results on Thursday, October 31, 2024, prior to market open. An investor conference call and webcast will take place at 10:00 a.m. (ET) later that day. The event is available via webcast in listen-only mode and can be accessed here or on the Company's Investor Relations home page at https://ir.lincolnelectric.com. To participate via telephone, please dial (888) 440-4368 (domestic) or (646) 960-0856 (international) and use confirmation code 6709091. Telephone participants are asked to connect 10 minutes prior to the start of the conference call. A replay of the earnings
Lincoln Electric Holdings, Inc. (the "Company") (NASDAQ:LECO) today announced that 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. The Board of Directors has elected Steven B. Hedlund, currently Chief Executive Officer and a Director, to succeed Mr. Mapes as Chair of the Board, effective January 1, 2025. Mr. Hedlund will assume this position in addition to his role as President and Chief Executive Officer. "We thank Chris for his many years of service and congratulate him for leading Lincoln Electric to record performance and superior shareholders returns, while establishing the Company as
Lincoln Electric Holdings, Inc. (NASDAQ:LECO) ("Company") announced today that Susan C. Edwards has joined the Company to serve as Senior Vice President, Chief Human Resources Officer (CHRO), effective April 8, 2024. Reporting to Steven Hedlund, President and CEO, she will join the executive team and will lead the Company's global human resources strategy and operations, talent management, training and employee development programs, and compensation and benefits. Edwards succeeds Michele Kuhrt, who was recently named, Executive Vice President, Chief Transformation Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240404795
Lincoln Electric Holdings, Inc. (NASDAQ:LECO) ("Company"), announced today that Michele R. Kuhrt has been appointed as Executive Vice President, Chief Transformation Officer (CTO), effective April 8, 2024. In this newly created role, Kuhrt will lead initiatives to accelerate business process standardization and organizational alignment under the Lincoln Electric Business System (LBS) to support the Company's strategic goals. She will continue to serve as a member of the executive leadership team and report to Steven B. Hedlund, President and Chief Executive Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240403151965/en/
Third Quarter 2024 Highlights Net sales of $984 million Operating income margin of 14.8%; Adjusted operating income margin of 17.3% EPS of $1.77; Adjusted EPS of $2.14 Cash flows from operations of $199 million and 134% cash conversion Returned $91 million to shareholders through dividends and share repurchases Lincoln Electric Holdings, Inc. (the "Company") (NASDAQ:LECO) today reported third quarter 2024 net income of $100.8 million, or diluted earnings per share (EPS) of $1.77, which includes special item after-tax net charges of $21.6 million, or $0.37 EPS. This compares with prior year period net income of $129.3 million, or $2.22 EPS, which included special item after-t
29th Consecutive Annual Dividend Increase Lincoln Electric Holdings, Inc., (NASDAQ:LECO) announced today that its Board of Directors has approved a 5.6% increase in the quarterly cash dividend to $0.75 per share, or $3.00 per share on an annualized basis. The dividend is payable January 15, 2025, to shareholders of record at the close of business on December 31, 2024. "Our dividend increase reflects strong cash flow generation of the business, solid execution of our Higher Standard 2025 Strategy, and confidence in our ability to continue to deliver superior long-term value for our shareholders through the cycle," stated Steven B. Hedlund, President and Chief Executive Officer. About Linc
Lincoln Electric Holdings, Inc. (the "Company") (NASDAQ:LECO) today announced that 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. The Board of Directors has elected Steven B. Hedlund, currently Chief Executive Officer and a Director, to succeed Mr. Mapes as Chair of the Board, effective January 1, 2025. Mr. Hedlund will assume this position in addition to his role as President and Chief Executive Officer. "We thank Chris for his many years of service and congratulate him for leading Lincoln Electric to record performance and superior shareholders returns, while establishing the Company as
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Morgan Stanley initiated coverage of Lincoln Electric with a rating of Underweight and set a new price target of $178.00
Seaport Research Partners upgraded Lincoln Electric from Neutral to Buy and set a new price target of $210.00
UBS initiated coverage of Lincoln Electric with a rating of Sell and set a new price target of $170.00
Analysts' ratings for Lincoln Electric Holdings (NASDAQ:LECO) 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. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 2 0 0 0 3M Ago 0 1 1 0 0 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 a
Stifel analyst Nathan Jones maintains Lincoln Electric Holdings (NASDAQ:LECO) with a Hold and raises the price target from $209 to $213.