NASDAQ:LECOLincoln Electric Stock Price, Forecast & News

Lincoln Electric's stock was trading at $71.90 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, LECO stock has increased by 34.7% and is now trading at $96.82.
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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."
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Lincoln Electric is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Lincoln Electric Holdings, Inc. (NASDAQ:LECO) posted its quarterly earnings data on Monday, July, 27th. The industrial products company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.45. The industrial products company earned $590.70 million during the quarter, compared to analyst estimates of $556.14 million. Lincoln Electric had a return on equity of 33.45% and a net margin of 7.93%. Lincoln Electric's quarterly revenue was down 24.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 earnings per share.
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Lincoln Electric announced a quarterly dividend on Thursday, July 23rd. Investors of record on Wednesday, September 30th will be given a dividend of $0.49 per share on Thursday, October 15th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, September 29th.
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7 brokers have issued 12-month target prices for Lincoln Electric's stock. Their forecasts range from $75.00 to $106.00. On average, they expect Lincoln Electric's stock price to reach $88.75 in the next year. This suggests that the stock has a possible downside of 8.3%.
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Press coverage about LECO stock has been trending somewhat negative this week, InfoTrie reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Lincoln Electric earned a media sentiment score of -1.9 on InfoTrie's scale. They also gave media headlines 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 next few days.
View the latest news about Lincoln Electric.

Lincoln Electric saw a decrease in short interest in January. As of January 15th, there was short interest totaling 1,430,000 shares, a decrease of 11.2% from the December 31st total of 1,610,000 shares. Based on an average daily trading volume, of 292,800 shares, the days-to-cover ratio is presently 4.9 days. Currently, 2.4% of the shares of the company are short sold.
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Some companies that are related to Lincoln Electric include Illinois Tool Works (ITW), Stanley Black & Decker (SWK), Parker-Hannifin (PH), Dover (DOV), Ingersoll-Rand (IR), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Gardner Denver (GDI), Donaldson (DCI), 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 LP Unit (ET), Activision Blizzard (ATVI), Boeing (BA), Procter & Gamble (PG), Gilead Sciences (GILD), Intel (INTC), PepsiCo (PEP), AT&T (T), Caterpillar (CAT) and Cisco Systems (CSCO).

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 (2.24%), Principal Financial Group Inc. (2.03%), Fisher Asset Management LLC (1.34%), Boston Trust Walden Corp (1.00%), Marathon Asset Management LLP (0.57%) and ProShare Advisors LLC (0.28%). 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, Kathryn Jo Lincoln, Michael J Whitehead, Michael Mintun, Michele R Kuhrt, Steven B Hedlund, Thomas A Flohn and Vincent K Petrella.
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LECO stock was sold by a variety of institutional investors in the last quarter, including WINTON GROUP Ltd, Carnegie Capital Asset Management LLC, UBS Group AG, Stone Ridge Asset Management LLC, Keybank National Association OH, Vident Investment Advisory LLC, Vident Investment Advisory LLC, and Ledyard National Bank. 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.
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LECO stock was purchased by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Marathon Asset Management LLP, Principal Financial Group Inc., Boston Trust Walden Corp, Swiss National Bank, Strs Ohio, GHP Investment Advisors Inc., and Trexquant Investment LP.
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 $96.82.

Lincoln Electric has a market capitalization of $5.75 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]