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 6,823 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]
0% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 65
1% less funds holding
Funds holding: 544 [Q2] → 540 (-4) [Q3]
5% less capital invested
Capital invested by funds: $8.88B [Q2] → $8.48B (-$403M) [Q3]
10% less repeat investments, than reductions
Existing positions increased: 188 | Existing positions reduced: 208
4.48% less ownership
Funds ownership: 82.71% [Q2] → 78.23% (-4.48%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$216
8%
upside
Avg. target
$223
12%
upside
High target
$230
15%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Stifel Nathan Jones 65% 1-year accuracy 44 / 68 met price target | 8%upside $216 | Hold Maintained | 11 Dec 2024 |
Keybanc Steve Barger 31% 1-year accuracy 9 / 29 met price target | 15%upside $230 | Overweight Maintained | 14 Nov 2024 |
Financial journalist opinion
Based on 4 articles about LECO published over the past 30 days
Positive
Zacks Investment Research
1 day ago
4 Manufacturing Tools Stocks to Watch on Prospering Industry Trends
The Zacks Manufacturing-Tools & Related Products industry has been gaining from strength across end markets, along with robust demand for machine tools in the industrial and automotive sectors. SWK, CNM, LECO and KMT are notable stocks in the industry.
Neutral
Business Wire
1 week ago
Lincoln Electric Schedules Webcast for Fourth Quarter and Full Year 2024 Results
CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc., (the “Company”) (Nasdaq: LECO) announced today that it will release its fourth quarter and full year 2024 results on Thursday, February 13, 2025, prior to market open. An investor conference call and webcast will take place at 10:00 a.m. (ET) later that day. The event is available via webcast in listen-only mode and can be accessed here or on the Company's Investor Relations home page at https://ir.lincolnelectric.com. To participate.
Neutral
Business Wire
2 weeks ago
Lincoln Electric Schedules 2025 Virtual Annual Meeting of Shareholders
CLEVELAND--(BUSINESS WIRE)-- #LEA--Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today announced that the Company's 2025 Annual Meeting of Shareholders will be held as a virtual meeting on Thursday, April 24, 2025, at 11:00 a.m., Eastern Time. About Lincoln Electric Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leadin.
Positive
Seeking Alpha
2 weeks ago
Lincoln Electric: Favorable Outlook For Welding
Lincoln Electric's Q3 2024 results saw sales volume declining by 8.7% Y/y due to slower OEM demand and inventory destocking. In response, Lincoln has continued to focus on new product initiatives like the handheld laser system and Cobot that could disrupt competitors and gain new market share. With a base upside potential of ~9% at the current valuation, LECO's downside risks appear to have been priced in and offer a favorable risk-reward profile for long-term investors.
Positive
Seeking Alpha
1 month 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
1 month 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
2 months 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
2 months 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
2 months 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
2 months 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.
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