Lincoln ElectricLECO
About: Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. The firm's portfolio of products includes arc-welding solutions, plasma and oxy-fuel cutting systems, and brazing and soldering alloys, as well as automation solutions. Lincoln Electric serves clients in the general fabrication, heavy industries, automotive, construction, shipbuilding, energy and process industries, among other end markets. Based in Cleveland, Ohio, Lincoln Electric has operations in 19 countries and has 11,000 employees worldwide. The company generated roughly $4.2 billion in sales in 2023.
Employees: 12,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
45% more call options, than puts
Call options by funds: $10.7M | Put options by funds: $7.41M
0% more funds holding in top 10
Funds holding in top 10: 6 [Q2] → 6 (+0) [Q3]
5% less capital invested
Capital invested by funds: $8.53B [Q2] → $8.14B (-$389M) [Q3]
9% less repeat investments, than reductions
Existing positions increased: 186 | Existing positions reduced: 204
2% less funds holding
Funds holding: 544 [Q2] → 532 (-12) [Q3]
4.31% less ownership
Funds ownership: 79.48% [Q2] → 75.17% (-4.31%) [Q3]
16% less first-time investments, than exits
New positions opened: 63 | Existing positions closed: 75
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Keybanc Steve Barger 38% 1-year accuracy 8 / 21 met price target | 13%upside $230 | Overweight Maintained | 14 Nov 2024 |
Stifel Nathan Jones 88% 1-year accuracy 43 / 49 met price target | 9%downside $185 | Hold Maintained | 16 Oct 2024 |
Baird Mircea Dobre 50% 1-year accuracy 7 / 14 met price target | 4%upside $212 | Outperform Maintained | 4 Sept 2024 |
Financial journalist opinion
Based on 5 articles about LECO published over the past 30 days
