NASDAQ:LECOLincoln Electric Stock Price, Forecast & News

$85.77

+2.32 (+2.78 %)

(As of 06/3/2020 01:52 PM ET)

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Today's Range

$83.95

Now: $85.77▼

$85.99

50-Day Range

$70.92

MA: $77.65▼

$85.89

52-Week Range

$59.29

Now: $85.77▼

$98.32

Volume68,084 shs

Average Volume323,830 shs

Market Capitalization$5.09 billion

P/E Ratio19.19

Dividend Yield2.37%

Beta1.24

Lincoln Electric Holdings, Inc., through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products. It also provides computer numeric controlled plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting, and brazing; and consumables used in the brazing and soldering alloys market. In addition, the company is involved in the retail business in the United States. It serves general fabrication, energy and process, automotive and transportation, heavy fabrication, and construction and infrastructure industries, as well as ship building and maintenance and repair markets. The company sells its products directly to users of welding products, as well as through industrial distributors, retailers, and agents. Lincoln Electric Holdings, Inc. was founded in 1895 and is headquartered in Cleveland, Ohio.

Beat the Market (BTM) Rank^™

1.1 Analyst's Opinion

Consensus Rating
Lincoln Electric has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $81.67, Lincoln Electric has a potential downside of 4.9% from its current price of $85.90.
Amount of Analyst Coverage
Lincoln Electric has only been the subject of 3 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Lincoln Electric has received 390 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Lincoln Electric has received 484 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Lincoln Electric has received 55.38% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Lincoln Electric and other stocks. Vote “Outperform” if you believe LECO will outperform the S&P 500 over the long term. Vote “Underperform” if you believe LECO will underperform the S&P 500 over the long term. You may vote once every thirty days.

5.0 Dividend Strength

Dividend Leadership
Lincoln Electric is a leading dividend payer. It pays a dividend yield of 2.37%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Lincoln Electric has been increasing its dividend for 16 years.
Dividend Coverage
The dividend payout ratio of Lincoln Electric is 41.70 %. 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 47.23 % next year. This indicates that Lincoln Electric will be able to sustain or increase its dividend.

1.0 Company Ownership

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 3.60% of the stock of Lincoln Electric is held by insiders.
Percentage Held by Institutions
74.50% of the stock of Lincoln Electric is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Lincoln Electric are expected to grow by 40.68% in the coming year, from $2.95 to $4.15 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lincoln Electric is 19.22, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lincoln Electric is 19.22, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.27.
Price to Earnings Growth Ratio
Lincoln Electric has a PEG Ratio of 2.81. 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 6.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.36 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Metalworking machinery & equipment

Sub-IndustryIndustrial Machinery

SectorIndustrial Products

Current SymbolNASDAQ:LECO

Previous Symbol

CUSIP53390010

CIK59527

Webwww.lincolnelectric.com

Phone216-481-8100

Debt

Debt-to-Equity Ratio1.07

Current Ratio1.62

Quick Ratio1.01

Price-To-Earnings

Trailing P/E Ratio19.19

Forward P/E Ratio29.07

P/E Growth2.81

Sales & Book Value

Annual Sales$3.00 billion

Price / Sales1.70

Cash Flow$6.37 per share

Price / Cash Flow13.46

Book Value$13.40 per share

Price / Book6.40

Profitability

EPS (Most Recent Fiscal Year)$4.70

Net Income$293.11 million

Net Margins9.41%

Return on Equity35.65%

Return on Assets11.89%

Miscellaneous

Employees11,000

Outstanding Shares59,390,000

Market Cap$5.09 billion

Next Earnings Date7/28/2020 (Estimated)

OptionableOptionable

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Lincoln Electric (NASDAQ:LECO) Frequently Asked Questions

How has Lincoln Electric's stock been impacted by COVID-19 (Coronavirus)?

Lincoln Electric's stock was trading at $71.90 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LECO shares have increased by 19.5% and is now trading at $85.90. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Lincoln Electric?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lincoln Electric in the last year. There are currently 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Lincoln Electric.

When is Lincoln Electric's next earnings date?

Lincoln Electric is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Lincoln Electric.

How were Lincoln Electric's earnings last quarter?

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) announced its earnings results on Monday, April, 27th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.00. The industrial products company earned $701.99 million during the quarter, compared to analyst estimates of $713.23 million. Lincoln Electric had a return on equity of 35.65% and a net margin of 9.41%. Lincoln Electric's revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 EPS. View Lincoln Electric's earnings history.

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

Lincoln Electric announced a quarterly dividend on Tuesday, April 21st. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.49 per share on Wednesday, July 15th. This represents a $1.96 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Monday, June 29th. View Lincoln Electric's dividend history.

What price target have analysts set for LECO?

6 brokers have issued 12 month price targets for Lincoln Electric's stock. Their forecasts range from $75.00 to $86.00. On average, they expect Lincoln Electric's stock price to reach $81.67 in the next twelve months. This suggests that the stock has a possible downside of 4.9%. View analysts' price targets for Lincoln Electric.

Has Lincoln Electric been receiving favorable news coverage?

Headlines about LECO stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Lincoln Electric earned a news sentiment score of 1.7 on InfoTrie's scale. They also assigned news headlines about the industrial products company a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the stock's share price in the near future. View the latest news aboutLincoln Electric.

Who are some of Lincoln Electric's key competitors?

Some companies that are related to Lincoln Electric include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Ingersoll-Rand (IR), IDEX (IEX), Xylem (XYL), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Donaldson (DCI), Gardner Denver (GDI), ITT (ITT) and Woodward, Inc.Common Stock (WWD). View all competitors.

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 LP Unit (ET), PepsiCo (PEP), Boeing (BA), Gilead Sciences (GILD), Intel (INTC), Starbucks (SBUX), AT&T (T), Verizon Communications (VZ), Baidu (BIDU) and NVIDIA (NVDA).

Who are Lincoln Electric's key executives?

Lincoln Electric's management team includes the following people:

Mr. Christopher L. Mapes, Chairman, Pres & CEO (Age 57)
Mr. Vincent K. Petrella, Exec. VP, CFO & Treasurer (Age 59)
Ms. Jennifer I. Ansberry, Exec. VP, Gen. Counsel & Sec. (Age 45)
Mr. George D. Blankenship, Exec. VP & Pres of Americas Welding (Age 56)
Mr. Steven B. Hedlund, Exec. VP & Pres of International Welding (Age 52)

What is Lincoln Electric's stock symbol?

Lincoln Electric trades on the NASDAQ under the ticker symbol "LECO."

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 BlackRock Inc. (9.65%), JPMorgan Chase & Co. (6.77%), State Street Corp (5.50%), Wellington Management Group LLP (4.36%), Janus Henderson Group PLC (2.16%) and William Blair Investment Management LLC (1.98%). Company insiders that own Lincoln Electric stock include Christopher L Mapes, Douglas S Lance, G Russell Lincoln, Gabriel Bruno, Geoffrey P Allman, George D Blankenship, Hellene S Runtagh, Kathryn Jo Lincoln, Michael J Whitehead, Michael Mintun, Michele R Kuhrt, Steven B Hedlund, Thomas A Flohn, Vincent K Petrella and William E Macdonald III. View institutional ownership trends for Lincoln Electric.

Which major investors are selling Lincoln Electric stock?

LECO stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Bank of New York Mellon Corp, BlackRock Inc., Principal Financial Group Inc., Wellington Management Group LLP, Fisher Asset Management LLC, UBS Group AG, and Schroder Investment Management Group. Company insiders that have sold Lincoln Electric company stock in the last year include Christopher L Mapes, Douglas S Lance, Gabriel Bruno, George D Blankenship, Michael J Whitehead, Michael Mintun, Michele R Kuhrt, Steven B Hedlund, Thomas A Flohn, and Vincent K Petrella. View insider buying and selling activity for Lincoln Electric.

Which major investors are buying Lincoln Electric stock?

LECO stock was acquired by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, JPMorgan Chase & Co., Thrivent Financial for Lutherans, Boston Trust Walden Corp, Janus Henderson Group PLC, Invesco Ltd., Aviva PLC, and Geode Capital Management LLC. View insider buying and selling activity for Lincoln Electric.

How do I buy shares of Lincoln Electric?

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

What is Lincoln Electric's stock price today?

One share of LECO stock can currently be purchased for approximately $85.90.

How big of a company is Lincoln Electric?

Lincoln Electric has a market capitalization of $5.10 billion and generates $3.00 billion in revenue each year. The industrial products company earns $293.11 million in net income (profit) each year or $4.70 on an earnings per share basis. Lincoln Electric employs 11,000 workers across the globe.

What is Lincoln Electric's official website?

The official website for Lincoln Electric is www.lincolnelectric.com.

How can I contact Lincoln Electric?

Lincoln Electric's mailing address is 22801 ST CLAIR AVE, CLEVELAND OH, 44117. The industrial products company can be reached via phone at 216-481-8100 or via email at [email protected]

This page was last updated on 6/3/2020 by MarketBeat.com Staff