LECO Was Down Today. What Is Up?

This afternoon we watched Lincoln Electric drop -3.2% to a price of $153.72 per share. The mid-cap Farm & Heavy Construction Machinery company is now trading -11.14% below its average target price of $173.0. Analysts have set target prices ranging from $145.0 to $195.0 per share for Lincoln Electric, and have given the stock an average rating of buy.

Lincoln Electric's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.0%. The stock's short ratio is 3.45. Since 1.81% of the company's shares are owned by insiders, we can infer that there is a degree of alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 79.2%. In conclusion, we believe there is mixed market sentiment regarding Lincoln Electric.

Institutions Invested in Lincoln Electric

Date Reported Holder Percentage Shares Value
2022-12-31 Vanguard Group, Inc. (The) 10% 6,024,856 $926,140,871
2022-12-31 Blackrock Inc. 9% 5,274,441 $810,787,076
2022-12-31 State Street Corporation 5% 2,836,694 $436,056,605
2022-12-31 JP Morgan Chase & Company 5% 2,685,296 $412,783,704
2022-12-31 Victory Capital Management Inc. 3% 1,706,289 $262,290,747
2022-12-31 Keybank National Association 2% 1,317,821 $202,575,445
2022-12-31 BESSEMER GROUP, INCORPORATED 2% 1,211,901 $186,293,423
2022-12-31 Wellington Management Group, LLP 2% 996,825 $153,231,940
2022-12-31 Geode Capital Management, LLC 2% 938,671 $144,292,507
2022-12-31 William Blair Investment Management, LLC 1% 817,165 $125,614,604
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.