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 |
