Lincoln Electric Stock Forecast, Price & News

Lincoln Electric's stock was trading at $71.90 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LECO stock has increased by 68.3% and is now trading at $120.98.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lincoln Electric in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Lincoln Electric stock. 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.
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1,448 employees have rated Lincoln Electric CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 60% among Lincoln Electric's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Lincoln Electric is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021.
View our earnings forecast for Lincoln Electric.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) issued its earnings results on Tuesday, October, 27th. The industrial products company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.79 by $0.31. The industrial products company had revenue of $668.90 million for the quarter, compared to analysts' expectations of $611.83 million. Lincoln Electric had a net margin of 7.59% and a return on equity of 34.42%. Lincoln Electric's revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS.
View Lincoln Electric's earnings history.

Lincoln Electric declared a quarterly dividend on Tuesday, October 20th. Investors 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 dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, December 30th. This is a boost from Lincoln Electric's previous quarterly dividend of $0.49.
View Lincoln Electric's dividend history.

Lincoln Electric pays an annual dividend of $2.04 per share and currently has a dividend yield of 1.67%. Lincoln Electric does not yet have a strock track record of dividend growth. The dividend payout ratio of Lincoln Electric is 43.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Lincoln Electric will have a dividend payout ratio of 43.13% next year. This indicates that Lincoln Electric will be able to sustain or increase its dividend.
View Lincoln Electric's dividend history.

8 equities research analysts have issued 1-year target prices for Lincoln Electric's shares. Their forecasts range from $102.00 to $130.00. On average, they anticipate Lincoln Electric's share price to reach $115.60 in the next twelve months. This suggests that the stock has a possible downside of 4.4%.
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Some companies that are related to Lincoln Electric include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Ingersoll Rand (IR), Xylem (XYL), Dover (DOV), IDEX (IEX), Graco (GGG), Nordson (NDSN), Pentair (PNR), Snap-on (SNA), Gardner Denver (GDI), Woodward (WWD), The Middleby (MIDD) and Donaldson (DCI).
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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 shareholders include Boston Trust Walden Corp (1.01%), Welch & Forbes LLC (0.14%), Lawson Kroeker Investment Management Inc. NE (0.13%), Town & Country Bank & Trust CO dba First Bankers Trust CO (0.04%), Louisiana State Employees Retirement System (0.03%) and Hudson Valley Investment Advisors Inc. ADV (0.02%). 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, Jennifer I Ansberry, 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 Pacer Advisors Inc., National Investment Services of America LLC, Raymond James Trust N.A., Hudson Valley Investment Advisors Inc. ADV, and Lawson Kroeker Investment Management Inc. NE. Company insiders that have sold Lincoln Electric company stock in the last year include Douglas S Lance, Geoffrey P Allman, Jennifer I Ansberry, Michael J Whitehead, Michele R Kuhrt, Steven B Hedlund, and Thomas A Flohn.
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LECO stock was purchased by a variety of institutional investors in the last quarter, including Uncommon Cents Investing LLC, Diversified Trust Co, Martin Capital Partners LLC, State of Alaska Department of Revenue, Town & Country Bank & Trust CO dba First Bankers Trust CO, Huntington National Bank, Welch & Forbes LLC, and Crossmark Global Holdings Inc..
View insider buying and selling activity for Lincoln Electric or or view top insider-buying stocks.

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

One share of LECO stock can currently be purchased for approximately $120.98.

Lincoln Electric has a market capitalization of $7.19 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]