DA Davidson Reiterates Buy Rating on Lincoln Electric
DA Davidson reaffirms a buy rating for Lincoln Electric with a $320 price target, a 16.47% upside from the current price.
Key Points
- DA Davidson reiterated its buy rating on Lincoln Electric with a $320 price target on June 16, 2026.
- DA Davidson's $320 price target implies 16.47% upside from Lincoln Electric Holdings, Inc.'s ($LECO) current $274.75 share price.
- Lincoln Electric shares trade at $267.86 with a market cap of $14.68 billion and a P/E ratio of 26.68.
- Insiders and analysts remain active, with insiders buying shares and several analysts maintaining positive ratings.
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On June 16, 2026, DA Davidson reiterated its buy rating on Lincoln Electric Holdings, Inc. (NasdaqGS: LECO) with a price target of $320. The analyst Chris Dankert expressed continued confidence in the company's prospects.
What Changed in DA Davidson's Lincoln Electric Position
DA Davidson's reaffirmation of its buy rating on Lincoln Electric suggests strong confidence in the company's future performance. The reiterated price target of $320 indicates potential upside from the current trading price of $267.86.
Other Institutional Activity in Lincoln Electric
Several institutional investors have been active in Lincoln Electric. BlackRock, Inc. grew its holdings by 197,075 shares, ending with 5,221,905 shares valued at about $1.30 billion. Diamant Asset Management, Inc. significantly increased its stake by 3,824,077 shares, now holding 3,839,568 shares worth approximately $3.84 million. Vanguard Portfolio Management LLC added 2,538,115 shares, resulting in a total of 2,538,115 shares valued at $632.19 million. State Street Corp slightly increased its position by 1,748 shares to 2,229,197 shares, valued at $556.99 million, while Victory Capital Management Inc. reduced its stake by 243,202 shares, now holding 1,483,496 shares worth $369.51 million.
Lincoln Electric Holdings, Inc. Stock Down 3.6%
Shares of Lincoln Electric (NasdaqGS: LECO) traded near $267.86. The company has a market cap of approximately $14.68 billion and a P/E ratio of 26.68. Its stock has a 52-week range of $199.13 to $310.00, with a 50-day moving average of $260.58 and a 200-day moving average of $252.49. Lincoln Electric maintains a current ratio of 1.83 and a quick ratio of 0.96, with a debt-to-equity ratio of 90.31.
Recent Earnings
Lincoln Electric reported revenue of $4.35 billion with a revenue growth of 11.7%. The company achieved a net margin of 12.38% and a return on equity of 37.77%. Its earnings per share (EPS) stood at $10.04. The next earnings report is scheduled for July 30, 2026.
Dividend
Lincoln Electric offers an annual dividend rate of $3.16, yielding 1.18% with a dividend payout ratio of 31.79%.
Insider Buying and Selling at Lincoln Electric Holdings, Inc.
Recent insider activity includes Gregory Doria, EVP and President of International, selling 44 shares on May 1, 2026, at an average price of $266.25. Several insiders, including Patrick Goris and Curtis Espeland, purchased 688 shares each on April 17, 2026.
Analysts Set New Price Targets
On June 16, 2026, DA Davidson reiterated its buy rating with a $320 price target. Other analysts have also been active; Barclays maintained its buy rating with a $300 target on May 5, 2026, while Morgan Stanley kept a sell rating with a $247 target on March 30, 2026. The consensus recommendation is a buy, with an average price target of $294.11 from nine analysts.
About Lincoln Electric
Lincoln Electric Holdings, Inc., headquartered in Cleveland, Ohio, designs and manufactures welding, cutting, and brazing products. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company serves various industries, including automotive, construction, and heavy fabrication. Led by CEO Steven B. Hedlund, Lincoln Electric employs about 12,000 people.
Bottom Line
DA Davidson's reaffirmation of a buy rating and $320 price target on Lincoln Electric underscores confidence in its growth potential. While shares currently trade at $267.86, the company's robust financials and active insider and institutional participation highlight its attractiveness. Investors often track such ratings for insights, though it's important to remember that these are based on past performance and projections.
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