Currently, there are 56.98M common shares owned by the public and among those 54.16M shares have been available to trade.
The company’s stock has a 5-day price change of -2.21% and -1.40% over the past three months. LECO shares are trading -10.97% year to date (YTD), with the 12-month market performance up to 0.53% higher. It has a 12-month low price of $164.00 and touched a high of $261.13 over the same period. LECO has an average intraday trading volume of 371.41K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.45%, -0.56%, and -10.54% respectively.
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Institutional ownership of Lincoln Electric Holdings, Inc. (NASDAQ: LECO) shares accounts for 79.70% of the company’s 56.98M shares outstanding.
It has a market capitalization of $10.97B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 21.89, while the earnings-per-share (ttm) stands at $8.84. The company has a PEG of 2.67 and a Quick Ratio of 1.31 with the debt-to-equity ratio at 0.88. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.91% over the week and 2.17% over the month.
Earnings per share for the fiscal year are expected to decrease by -3.55%, and 8.38% over the next financial year. EPS should shrink at an annualized rate of 8.20% over the next five years, compared to 16.47% 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. Seaport Research Partners coverage for the Lincoln Electric Holdings, Inc. (LECO) stock in a research note released on October 31, 2023 offered a Buy rating with a price target of $210. KeyBanc Capital Markets on their part issued Overweight rating on June 28, 2023.
