Currently, there are 57.62M common shares owned by the public and among those 55.87M shares have been available to trade.
Insiders at the company have transacted a total of 44 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 145,368 shares. Insider sales of the common stock occurred on 31 occasions, with total insider shares sold totaling 156,784 shares.
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The company’s stock has a 5-day price change of 7.89% and 27.72% over the past three months. LECO shares are trading 14.92% year to date (YTD), with the 12-month market performance up to 42.01% higher. It has a 12-month low price of $152.36 and touched a high of $251.09 over the same period. LECO has an average intraday trading volume of 277.33K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.18%, 14.52%, and 28.67% respectively.
Institutional ownership of Lincoln Electric Holdings, Inc. (NASDAQ: LECO) shares accounts for 79.96% of the company’s 57.62M shares outstanding.
It has a market capitalization of $14.29B and a beta (3y monthly) value of 1.20. The stock’s trailing 12-month PE ratio is 26.68, while the earnings-per-share (ttm) stands at $9.37. The company has a PEG of 6.51 and a Quick Ratio of 1.50 with the debt-to-equity ratio at 0.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.68% over the week and 2.04% over the month.
Analysts forecast that Lincoln Electric Holdings, Inc. (LECO) will achieve an EPS of $2.26 for the current quarter, $2.5 for the next quarter and $10.24 for 2025. The lowest estimate earnings-per-share for the quarter is $2.06 while analysts give the company a high EPS estimate of $2.42. Comparatively, EPS for the current quarter was $2.13 a year ago. Earnings per share for the fiscal year are expected to increase by 1.34%, and 8.47% over the next financial year. EPS should shrink at an annualized rate of 4.10% over the next five years, compared to 16.48% over the past 5-year period.
Looking at the support for the LECO, a number of firms have released research notes about the stock. Morgan Stanley stated their Underweight rating for the stock in a research note on January 08, 2024, with the firm’s price target at $178.
