NASDAQ:LECOLincoln Electric Stock Price, Forecast & News

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 stock has increased by 14.8% and is now trading at $82.51. View which stocks have been most impacted by Coronavirus.

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

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

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) announced its quarterly earnings data on Monday, April, 27th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.00. The industrial products company had revenue of $701.99 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.17 earnings per share. View Lincoln Electric's earnings history.

Lincoln Electric announced a quarterly dividend on Tuesday, April 21st. Investors of record on Tuesday, June 30th will be paid a dividend of $0.49 per share on Wednesday, July 15th. This represents a $1.96 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Monday, June 29th. View Lincoln Electric's dividend history.

7 Wall Street analysts have issued 12 month target prices for Lincoln Electric's stock. Their forecasts range from $75.00 to $86.00. On average, they anticipate Lincoln Electric's share price to reach $82.75 in the next year. This suggests a possible upside of 0.3% from the stock's current price. View analysts' price targets for Lincoln Electric.

News coverage about LECO stock has trended very negative on Thursday, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Lincoln Electric earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned media stories about the industrial products company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about Lincoln Electric.

Some companies that are related to Lincoln Electric include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), IDEX (IEX), Ingersoll-Rand (IR), 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.

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).

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

Lincoln Electric's stock is owned by many different retail and institutional investors. Top institutional investors include Park National Corp OH (0.00%). 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.

LECO stock was purchased by a variety of institutional investors in the last quarter, including Park National Corp OH. 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 $82.51.

Lincoln Electric has a market capitalization of $4.90 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]