#5 - Lincoln Electric (NASDAQ:LECO)
When you think about industrial stocks, Lincoln Electric Holdings Inc. (NASDAQ: LECO) is a company that comes to mind. The company has over 125 years “of experience in cutting-edge products, comprehensive welding processes and automated solutions.” Lincoln Electric has the largest 3D metal printing capacity and is the world leader in advanced arc welding solutions.
LECO stock is down over 10% in 2024 as revenue has come in below analysts’ expectations in the first two quarters of the year. Although earnings are expected to increase by 8.9% in the next 12 months, Lincoln Electric did guide for a mid-single-digit decline in organic sales for the year.
But this is a company primed for a comeback as soon as capex spending increases. And investors are buying a dividend aristocrat with 29 consecutive years of growing its dividend, which has a safe payout ratio of 30%.
About Lincoln Electric
Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States.
Read More - Current Price
- $206.10
- Consensus Rating
- Hold
- Ratings Breakdown
- 4 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $220.00 (6.7% Upside)
