Lincoln Electric Stock Forecast, Price & News

Lincoln Electric's stock was trading at $71.90 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, LECO shares have increased by 40.9% and is now trading at $101.32.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lincoln Electric in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Lincoln Electric is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021.
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Lincoln Electric Holdings, Inc. (NASDAQ:LECO) released its earnings results on Tuesday, October, 27th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.79 by $0.31. The industrial products company had revenue of $668.90 million for the quarter, compared to the consensus estimate of $611.83 million. Lincoln Electric had a net margin of 7.93% and a return on equity of 33.45%. The business's quarterly revenue was down 8.5% on a year-over-year basis. During the same period last year, the company posted $1.09 earnings per share.
View Lincoln Electric's earnings history.

Lincoln Electric announced a quarterly dividend on Tuesday, October 20th. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.51 per share on Friday, January 15th. This represents a $2.04 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Wednesday, December 30th. This is a positive change from Lincoln Electric's previous quarterly dividend of $0.49.
View Lincoln Electric's dividend history.

8 analysts have issued 12-month target prices for Lincoln Electric's shares. Their forecasts range from $99.00 to $120.00. On average, they expect Lincoln Electric's share price to reach $108.80 in the next year. This suggests a possible upside of 7.4% from the stock's current price.
View analysts' price targets for Lincoln Electric.

Some companies that are related to Lincoln Electric include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), Ingersoll Rand (IR), IDEX (IEX), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Gardner Denver (GDI), Donaldson (DCI), The Middleby (MIDD) and ITT (ITT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Lincoln Electric investors own include Energy Transfer (ET), The Boeing (BA), NVIDIA (NVDA), Activision Blizzard (ATVI), Gilead Sciences (GILD), Intel (INTC), The Procter & Gamble (PG), QUALCOMM (QCOM), Skyworks Solutions (SWKS) and AT&T (T).

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

Lincoln Electric's stock is owned by a variety of retail and institutional investors. Top institutional investors include Keybank National Association OH (2.48%), Boston Trust Walden Corp (1.01%), Retirement Systems of Alabama (0.27%), Carnegie Capital Asset Management LLC (0.26%), Welch & Forbes LLC (0.14%) and Lawson Kroeker Investment Management Inc. NE (0.13%). Company insiders that own Lincoln Electric stock include Christopher L Mapes, Douglas S Lance, Gabriel Bruno, Geoffrey P Allman, George D Blankenship, Hellene S Runtagh, Michael J Whitehead, Michael Mintun, Michele R Kuhrt, Steven B Hedlund, Thomas A Flohn and Vincent K Petrella.
View institutional ownership trends for Lincoln Electric.

LECO stock was sold by a variety of institutional investors in the last quarter, including Skylands Capital LLC, Envestnet Asset Management Inc., Nelson Van Denburg & Campbell Wealth Management Group LLC, New Mexico Educational Retirement Board, State of New Jersey Common Pension Fund D, New Mexico Educational Retirement Board, Ledyard National Bank, and National Investment Services of America LLC. Company insiders that have sold Lincoln Electric company stock in the last year include Christopher L Mapes, Douglas S Lance, Gabriel Bruno, Geoffrey P Allman, Michael J Whitehead, Michele R Kuhrt, Thomas A Flohn, and Vincent K Petrella.
View insider buying and selling activity for Lincoln Electric.

LECO stock was acquired by a variety of institutional investors in the last quarter, including Keybank National Association OH, Carnegie Capital Asset Management LLC, Pacer Advisors Inc., Boston Trust Walden Corp, Dupont Capital Management Corp, Bradley Foster & Sargent Inc. CT, Campbell & CO Investment Adviser LLC, and Retirement Systems of Alabama.
View insider buying and selling activity for 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.

One share of LECO stock can currently be purchased for approximately $101.32.

Lincoln Electric has a market capitalization of $6.02 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.

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

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]