NASDAQ:LECO

Lincoln Electric (LECO) Stock Price, News & Analysis

$228.01
+1.04 (+0.46%)
(As of 11:50 AM ET)
Today's Range
$226.04
$228.56
50-Day Range
$219.33
$258.37
52-Week Range
$164.00
$261.13
Volume
30,579 shs
Average Volume
284,975 shs
Market Capitalization
$12.98 billion
P/E Ratio
24.20
Dividend Yield
1.25%
Price Target
$228.00

Lincoln Electric MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
0.3% Upside
$228.00 Price Target
Short Interest
Healthy
1.58% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-4.14
Upright™ Environmental Score
News Sentiment
1.27mentions of Lincoln Electric in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$4.01 M Sold Last Quarter
Proj. Earnings Growth
8.02%
From $9.60 to $10.37 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.00 out of 5 stars

Industrial Products Sector

55th out of 168 stocks

Metalworking Machinery & Equipment Industry

1st out of 4 stocks

LECO stock logo

About Lincoln Electric Stock (NASDAQ:LECO)

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.

LECO Stock Price History

LECO Stock News Headlines

Q1 2024 Lincoln Electric Holdings Inc Earnings Call
Lincoln Electric Reports First Quarter 2024 Results
Lincoln Electric Board Declares Dividend
LECO Factor-Based Stock Analysis
Lincoln Electric Acquires RedViking®
Top 5 3D Printing Companies in the US
See More Headlines
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Company Calendar

Last Earnings
4/25/2024
Today
5/20/2024
Ex-Dividend for 7/15 Dividend
6/28/2024
Ex-Dividend for 7/15 Dividend
6/28/2024
Dividend Payable
7/15/2024
Dividend Payable
7/15/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

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
$228.00
High Stock Price Target
$280.00
Low Stock Price Target
$170.00
Potential Upside/Downside
+0.3%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$545.25 million
Pretax Margin
16.69%

Debt

Sales & Book Value

Annual Sales
$4.19 billion
Cash Flow
$11.11 per share
Book Value
$22.88 per share

Miscellaneous

Free Float
55,411,000
Market Cap
$12.93 billion
Optionable
Optionable
Beta
1.23

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LECO Stock Analysis - Frequently Asked Questions

Should I buy or sell Lincoln Electric stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lincoln Electric in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" LECO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LECO, but not buy additional shares or sell existing shares.
View LECO analyst ratings
or view top-rated stocks.

What is Lincoln Electric's stock price target for 2024?

8 Wall Street analysts have issued 12-month price targets for Lincoln Electric's shares. Their LECO share price targets range from $170.00 to $280.00. On average, they anticipate the company's share price to reach $228.00 in the next twelve months. This suggests a possible upside of 0.3% from the stock's current price.
View analysts price targets for LECO
or view top-rated stocks among Wall Street analysts.

How have LECO shares performed in 2024?

Lincoln Electric's stock was trading at $217.46 at the beginning of 2024. Since then, LECO stock has increased by 4.5% and is now trading at $227.23.
View the best growth stocks for 2024 here
.

When is Lincoln Electric's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our LECO earnings forecast
.

How were Lincoln Electric's earnings last quarter?

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) posted its quarterly earnings results on Thursday, April, 25th. The industrial products company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.08. The industrial products company earned $981.20 million during the quarter, compared to analyst estimates of $1.04 billion. Lincoln Electric had a trailing twelve-month return on equity of 43.81% and a net margin of 13.23%. The company's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.13 EPS.

How often does Lincoln Electric pay dividends? What is the dividend yield for Lincoln Electric?

Lincoln Electric declared a quarterly dividend on Thursday, April 18th. Investors of record on Sunday, June 30th will be paid a dividend of $0.71 per share on Monday, July 15th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, June 28th.
Read our dividend analysis for LECO
.

Is Lincoln Electric a good dividend stock?

Lincoln Electric (NASDAQ:LECO) pays an annual dividend of $2.84 per share and currently has a dividend yield of 1.25%. The company has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 30.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LECO will have a dividend payout ratio of 27.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LECO.

What is Christopher L. Mapes' approval rating as Lincoln Electric's CEO?

113 employees have rated Lincoln Electric Chief Executive Officer Christopher L. Mapes on Glassdoor.com. Christopher L. Mapes has an approval rating of 68% among the company's employees.

What other stocks do shareholders of Lincoln Electric own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Lincoln Electric investors own include Energy Transfer (ET), Boeing (BA), NVIDIA (NVDA), Activision Blizzard (ATVI), Gilead Sciences (GILD), Intel (INTC), Procter & Gamble (PG), QUALCOMM (QCOM), Skyworks Solutions (SWKS) and AT&T (T).

Who are Lincoln Electric's major shareholders?

Lincoln Electric's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.03%), Capital International Investors (3.26%), EdgePoint Investment Group Inc. (3.26%), Park Edge Advisors LLC (1.18%), Bank of New York Mellon Corp (1.14%) and Westfield Capital Management Co. LP (1.14%). Insiders that own company stock include Christopher L Mapes, Gabriel Bruno, Geoffrey P Allman, Gregory Doria, Jennifer I Ansberry, Kathryn Jo Lincoln, Michael J Whitehead, Michele R Kuhrt, Peter M Pletcher and Steven B Hedlund.
View institutional ownership trends
.

How do I buy shares of Lincoln Electric?

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.

Does Lincoln Electric have any subsidiaries?
The following companies are subsidiares of Lincoln Electric: 16280 23 Mile LLC, A. B. Arriendos S.A., Air Liquide, Askaynak, Baker Industries, CMC North Second Street LLC, Coldwater Machine Company LLC, Comptoir Lyonnais De Soudage, Ductil SA, Easom Automation Systems Inc., Electro - Arco, Europaische Holding Intercito GmbH, Hangzhou SAF Oerlikon Welding & Cutting Co. LTD. (China), Harris Calorific International Sp. z o.o., Harris Products, Inversiones LyL S.A., Invoatech Engineering, J.W. Harris Co. Inc., Kaynak Teknigi Sanayi ve Ticaret A.S., LE Torreon BCS S. de R.L. de C.V., Lincoln Canada Finance ULC, Lincoln Canada Holdings ULC, Lincoln Electric (Jinzhou) Welding Materials Co. Ltd., Lincoln Electric (Tangshan) Welding Materials Co. Ltd., Lincoln Electric (Thailand) Ltd., Lincoln Electric (U.K.) Ltd., Lincoln Electric Bester Sp. z o.o., Lincoln Electric Company (India) Private Limited, Lincoln Electric Company of Canada GP 2 Limited, Lincoln Electric Company of Canada LP, Lincoln Electric Cyprus Holdings LLC, Lincoln Electric Cyprus Limited, Lincoln Electric Dutch Holdings B.V., Lincoln Electric Europe B.V., Lincoln Electric France S.A.S., Lincoln Electric GmbH, Lincoln Electric Henan Investment Holdings LLC, Lincoln Electric Holdings S.ar.l., Lincoln Electric Iberia S.L., Lincoln Electric International Holding Company, Lincoln Electric Italia S.r.l., Lincoln Electric Japan K.K., Lincoln Electric Luxembourg Holdings S.ar.l, Lincoln Electric Luxembourg S.ar.l., Lincoln Electric Malaysia SDN BHD, Lincoln Electric Management (Shanghai) Co. Ltd., Lincoln Electric Manufactura S.A. de C.V., Lincoln Electric Maquinas S. de R.L. de C.V., Lincoln Electric Mexicana S.A. de C.V., Lincoln Electric Middle East FZE, Lincoln Electric North America Inc., Lincoln Electric Novo Holdings LLC, Lincoln Electric Portugal S.A., Lincoln Electric S.A., Lincoln Electric UK Holdings Limited, Lincoln Electric do Brasil Indústria e Comércio Ltda., Lincoln Global Holdings LLC, Lincoln Global Inc., Lincoln Luxembourg Holdings S.ar.l., Lincoln Maquila Principal LLC, Lincoln Maquinas Holdings LLC, Lincoln Mexico Holdings LLC, Lincoln Nanjing Holdings LLC, Lincoln Singapore Holdings LLC, Lincoln Smitweld B.V., Lincoln Soldaduras de Colombia Ltda., Messer Soldaduras, Metrode Products, Mezhgosmetiz – Mtsensk (MGM), Oerlikon Kaynak Elektrodlari Ve Sanayi Anonim Sirketi, Oerlikon Schweisstechnik GMBH, Overstreet-Hughes Company Inc. (“FTP”), PT Lincoln Electric Indonesia, PT Lincoln Indoweld, Performance Investment Group LLC, Prime Hold Co. LLC, Prime Investment Group II LLC, Prime Investment Group III LLC, Prime Investment Group IV LLC, Prime Investment Group LLC, Pro-Systems LLC, Realweld Systems, Rimrock Corporation, Rimrock Holdings Corporation, Robolution GmbH, SSCO Manufacturing, SSM RP Holding B.V., Shoals Tubular Inc. (“Shoals”), Smart Force LLC, Spawmet Sp. z.o.o, Specialised Welding Products Pty. Ltd., Techalloy Inc., Tennessee Rand Inc., Tenwell Development Pte. Ltd., The Lincoln Electric Company, The Lincoln Electric Company (Asia Pacific) Pte. Ltd., The Lincoln Electric Company (Australia) Proprietary Limited, The Lincoln Electric Company (New Zealand) Limited, The Lincoln Electric Company of South Africa (Pty) Ltd., The Lincoln Electric Heli (Zhengzhou) Welding Materials Company Ltd., The Lincoln Electric Welding Technology & Training Center LLC, The Nanjing Lincoln Electric Co. Ltd., The Shanghai Lincoln Electric Co. Ltd., Vernon Tool Company Ltd, Vizient Manufacturing Solutions Inc., Wayne Trail Technologies Inc., Weartech International Inc., Weartech International Limited, Welding Cutting Tools & Accessories LLC, Wolf Robotics LLC, Worthington, and Zeman Bauelemente.
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This page (NASDAQ:LECO) was last updated on 5/20/2024 by MarketBeat.com Staff

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