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NASDAQ:LECO

Lincoln Electric (LECO) Stock Price, News & Analysis

Lincoln Electric logo
$189.75 -0.14 (-0.07%)
(As of 12/20/2024 05:16 PM ET)

About Lincoln Electric Stock (NASDAQ:LECO)

Key Stats

Today's Range
$188.76
$193.84
50-Day Range
$189.89
$219.94
52-Week Range
$169.51
$261.13
Volume
1.24 million shs
Average Volume
317,667 shs
Market Capitalization
$10.71 billion
P/E Ratio
22.64
Dividend Yield
1.58%
Price Target
$225.17
Consensus Rating
Hold

Company Overview

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. In addition, the company manufactures copper and aluminum headers, distributor assemblies, and manifolds for the heating, ventilation, and air conditioning sector in the United States and Mexico; provides specialty welding consumables, wear plates and maintenance and repair services for alloy and wear-resistant products used in mining, steel, agricultural, and industrial mill applications; and designs and manufactures robotic assembly and arc welding systems that automate the tacking and welding of steel beams. Further, the company serves general fabrication, oil and gas, power generation, process, automotive and transportation, and construction and infrastructure industries, as well as heavy fabrication, ship building, and maintenance and repair markets. It sells its products directly to users of welding products, as well as through industrial distributors, retailers, and agents. The company was founded in 1895 and is headquartered in Cleveland, Ohio.

Lincoln Electric Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
75th Percentile Overall Score

LECO MarketRank™: 

Lincoln Electric scored higher than 75% of companies evaluated by MarketBeat, and ranked 70th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Lincoln Electric has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 4 buy ratings, 2 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Lincoln Electric has only been the subject of 2 research reports in the past 90 days.

  • Read more about Lincoln Electric's stock forecast and price target.
  • Earnings Growth

    Earnings for Lincoln Electric are expected to grow by 6.06% in the coming year, from $8.75 to $9.28 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Lincoln Electric is 22.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.38.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Lincoln Electric is 22.64, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.08.

  • Price to Earnings Growth Ratio

    Lincoln Electric has a PEG Ratio of 1.59. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Lincoln Electric has a P/B Ratio of 8.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    1.66% of the float of Lincoln Electric has been sold short.
  • Short Interest Ratio / Days to Cover

    Lincoln Electric has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Lincoln Electric has recently increased by 8.37%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Lincoln Electric pays a meaningful dividend of 1.40%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Lincoln Electric has been increasing its dividend for 30 years.

  • Dividend Coverage

    The dividend payout ratio of Lincoln Electric is 35.80%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Lincoln Electric will have a dividend payout ratio of 32.33% next year. This indicates that Lincoln Electric will be able to sustain or increase its dividend.

  • Read more about Lincoln Electric's dividend.
  • Percentage of Shares Shorted

    1.66% of the float of Lincoln Electric has been sold short.
  • Short Interest Ratio / Days to Cover

    Lincoln Electric has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Lincoln Electric has recently increased by 8.37%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Lincoln Electric has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 14 news articles for Lincoln Electric this week, compared to 8 articles on an average week.
  • Search Interest

    Only 1 people have searched for LECO on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Lincoln Electric to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Lincoln Electric insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.63% of the stock of Lincoln Electric is held by insiders.

  • Percentage Held by Institutions

    79.61% of the stock of Lincoln Electric is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Lincoln Electric's insider trading history.
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LECO Stock News Headlines

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Zacks Research Issues Optimistic Estimate for LECO Earnings
Morgan Stanley Sticks to Its Sell Rating for Lincoln Electric Holdings (LECO)
See More Headlines

LECO Stock Analysis - Frequently Asked Questions

Lincoln Electric's stock was trading at $217.46 at the beginning of 2024. Since then, LECO shares have decreased by 12.7% and is now trading at $189.75.
View the best growth stocks for 2024 here
.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) issued its quarterly earnings results on Thursday, October, 31st. The industrial products company reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.09. The firm's revenue for the quarter was down 4.8% on a year-over-year basis.

The following companies are subsidiaries of Lincoln Electric: Overstreet-Hughes Company Inc. (“FTP”), Shoals Tubular Inc. (“Shoals”), Zeman Bauelemente, Askaynak, Baker Industries, Worthington, Invoatech Engineering, and more.

Lincoln Electric's top institutional shareholders include EdgePoint Investment Group Inc. (4.75%), State Street Corp (4.36%), Geode Capital Management LLC (2.13%) and Victory Capital Management Inc. (1.95%). Insiders that own company stock include Christopher L Mapes, Steven B Hedlund, Kathryn Jo Lincoln, Gabriel Bruno, Jennifer I Ansberry, Michele R Kuhrt, Michael J Whitehead, Geoffrey P Allman, Peter M Pletcher and Gregory Doria.
View institutional ownership trends
.

Shares of LECO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Lincoln Electric investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

Ex-Dividend for 10/15 Dividend
9/30/2024
Dividend Payable
10/15/2024
Last Earnings
10/31/2024
Today
12/21/2024
Ex-Dividend for 1/15 Dividend
12/31/2024
Fiscal Year End
12/31/2024
Dividend Payable
1/15/2025

Industry, Sector and Symbol

Industry
Metalworking machinery & equipment
Sub-Industry
Industrial Machinery
Current Symbol
NASDAQ:LECO
CUSIP
53390010
Employees
12,000
Year Founded
1895

Price Target and Rating

Average Stock Price Target
$225.17
High Stock Price Target
$265.00
Low Stock Price Target
$178.00
Potential Upside/Downside
+18.7%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$545.25 million
Pretax Margin
15.43%

Debt

Sales & Book Value

Annual Sales
$4.05 billion
Cash Flow
$10.07 per share
Book Value
$22.88 per share

Miscellaneous

Free Float
54,942,000
Market Cap
$10.71 billion
Optionable
Optionable
Beta
1.16

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This page (NASDAQ:LECO) was last updated on 12/21/2024 by MarketBeat.com Staff
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