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
|2022-12-31||Vanguard Group, Inc. (The)||10%||6,024,856||$926,140,871|
|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|