Lincoln ElectricLECO
LECO
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
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
17% more funds holding in top 10
Funds holding in top 10: 6 [Q2] → 7 (+1) [Q3]
1% less funds holding
Funds holding: 544 [Q2] → 539 (-5) [Q3]
4% less capital invested
Capital invested by funds: $8.53B [Q2] → $8.19B (-$344M) [Q3]
7% less first-time investments, than exits
New positions opened: 64 | Existing positions closed: 69
10% less repeat investments, than reductions
Existing positions increased: 188 | Existing positions reduced: 208
3.91% less ownership
Funds ownership: 79.48% [Q2] → 75.58% (-3.91%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$216
14%
upside
Avg. target
$223
18%
upside
High target
$230
21%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Stifel Nathan Jones 65% 1-year accuracy 45 / 69 met price target | 14%upside $216 | Hold Maintained | 11 Dec 2024 |
Keybanc Steve Barger 27% 1-year accuracy 7 / 26 met price target | 21%upside $230 | Overweight Maintained | 14 Nov 2024 |
Financial journalist opinion
Positive
Seeking Alpha
18 hours ago
Lincoln Electric Holdings: A Dividend Aristocrat To Add To Your Shopping List
Lincoln Electric Holdings, Inc. is a leader in the welding industry with a strong dividend growth profile and solid balance sheet, but currently appears slightly overvalued. Despite facing volatility due to high interest rates and lower market demand, LECO has managed to maintain profitability and increase gross profit margins through cost-cutting measures. The company has a conservative payout ratio, strong cash flow, and has been actively repurchasing shares, making it an attractive option for dividend growth investors.
Neutral
Seeking Alpha
4 weeks ago
Lincoln Electric: Unloved And Ripe To Buy
Lincoln Electric has exceptional returns on capital and a history of intelligent capital deployment. LECO's specialized market position and high operating margins provide a competitive edgr over peers. Valuations are now within 1 standard deviation of 5yr averages providing adequate margin of safety when put against forward growth.
Neutral
Seeking Alpha
1 month ago
Lincoln Electric Holdings, Inc. (LECO) Q3 2024 Earnings Call Transcript
Lincoln Electric Holdings, Inc. (NASDAQ:LECO ) Q3 2024 Earnings Call Transcript October 31, 2024 10:00 AM ET Company Participants Amanda Butler - VP of IR and Communications Steve Hedlund - President and CEO Gabe Bruno - CFO Conference Call Participants Bryan Blair - Oppenheimer Angel Castillo - Morgan Stanley Mig Dobre - Baird Saree Boroditsky - Jefferies Adam Farley - Stifel Walt Liptak - Seaport Steve Barger - KeyBanc Operator Greetings, and welcome to the Lincoln Electric 2024 Third Quarter Financial Results Conference Call. All lines have been placed on mute and this call is being recorded.
Neutral
Zacks Investment Research
1 month ago
Lincoln Electric (LECO) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Lincoln Electric (LECO) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 month ago
Lincoln Electric Holdings (LECO) Q3 Earnings and Revenues Surpass Estimates
Lincoln Electric Holdings (LECO) came out with quarterly earnings of $2.14 per share, beating the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $2.40 per share a year ago.
Neutral
Business Wire
1 month ago
Lincoln Electric Reports Third Quarter 2024 Results
CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported third quarter 2024 net income of $100.8 million, or diluted earnings per share (EPS) of $1.77, which includes special item after-tax net charges of $21.6 million, or $0.37 EPS. This compares with prior year period net income of $129.3 million, or $2.22 EPS, which included special item after-tax net charges of $10.1 million, or $0.18 EPS. Excluding special items, third quarter 2024 adjusted.
Negative
Zacks Investment Research
1 month ago
Earnings Preview: Lincoln Electric Holdings (LECO) Q3 Earnings Expected to Decline
Lincoln Electric (LECO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Business Wire
2 months ago
Lincoln Electric Announces 5.6% Dividend Increase
CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc., (Nasdaq: LECO) announced today that its Board of Directors has approved a 5.6% increase in the quarterly cash dividend to $0.75 per share, or $3.00 per share on an annualized basis. The dividend is payable January 15, 2025, to shareholders of record at the close of business on December 31, 2024. “Our dividend increase reflects strong cash flow generation of the business, solid execution of our Higher Standard 2025 Strategy, and confid.
Neutral
Business Wire
2 months ago
Lincoln Electric Announces Retirement of Executive Chair Christopher L. Mapes and Election of Steven B.
CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq:LECO) today announced that Christopher L. Mapes, Executive Chair, will retire from his position as Executive Chair and a member of the Board of Directors on December 31, 2024. The Board of Directors has elected Steven B. Hedlund, currently Chief Executive Officer and a Director, to succeed Mr. Mapes as Chair of the Board, effective January 1, 2025. Mr. Hedlund will assume this position in addition to his role as.
Positive
Seeking Alpha
2 months ago
Top 50 High Quality Dividend Stocks - September 2024 Results
I track 50 high-quality dividend stocks, updating their valuations daily to identify Strong Buy, Buy, Hold, and Trim opportunities based on historical free cash flow trends. September's performance: Strong Buy portfolio gained 4.75%, Buy or better 3.18%, and Expected ROR 2.01%, all outperforming the investable universe and SCHD. My hypothesis is these model portfolios will deliver alpha over SPY and SCHD long term, focusing on attractively valued stocks and expected returns.
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