Lincoln Electric Stock Forecast, Price & 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. Since then, LECO shares have increased by 58.4% and is now trading at $113.91.
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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.
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 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.79 by $0.31. The industrial products company earned $668.90 million during the quarter, compared to analyst estimates of $611.83 million. Lincoln Electric had a return on equity of 34.42% and a net margin of 7.59%. The business's revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 earnings per share.
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 given 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 1.79%. The ex-dividend date 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 twelve-month price targets for Lincoln Electric's shares. Their forecasts range from $99.00 to $120.00. On average, they expect Lincoln Electric's stock price to reach $108.80 in the next year. This suggests that the stock has a possible downside of 4.5%.
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), Ingersoll Rand (IR), Dover (DOV), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Gardner Denver (GDI), Pentair (PNR), The Middleby (MIDD), Donaldson (DCI) and Woodward (WWD).
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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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.00%), JPMorgan Chase & Co. (6.50%), State Street Corp (4.62%), Keybank National Association OH (2.48%), Principal Financial Group Inc. (2.04%) and William Blair Investment Management LLC (2.03%). 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 State Street Corp, BlackRock Inc., JPMorgan Chase & Co., Wells Fargo & Company MN, Fisher Asset Management LLC, Royce & Associates LP, Jane Street Group LLC, and Charles Schwab Investment Management Inc.. 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, Jennifer I Ansberry, 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 bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Arrowstreet Capital Limited Partnership, Victory Capital Management Inc., Keybank National Association OH, Jennison Associates LLC, Carnegie Capital Asset Management LLC, Jupiter Asset Management Ltd., and William Blair Investment Management LLC.
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 $113.91.

Lincoln Electric has a market capitalization of $6.77 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]