LECO Stock Summary and Trading Ideas (Lincoln Electric Holdings - Common Shares | NASDAQ:LECO)

Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. The firm's portfolio of products includes arc-welding solutions, plasma and oxy-fuel cutting systems, and brazing and soldering alloys, as well as automation solutions. Lincoln Electric serves clients in the general fabrication, heavy industries, automotive, construction, shipbuilding, energy and process industries, among other end markets. Based in Cleveland, Ohio, Lincoln Electric has operations in 19 countries and has 11,000 employees worldwide. The company generated roughly $4.2 billion in sales in 2023.

Lincoln Electric Holdings - Common Shares trades on the NASDAQ stock market under the symbol LECO.

As of April 19, 2024, LECO stock price declined to $238.36 with 192,756 million shares trading.

LECO has a beta of 1.28, meaning it tends to be more sensitive to market movements. LECO has a correlation of 0.44 to the broad based SPY ETF.

LECO has a market cap of $13.54 billion. This is considered a Large Cap stock.

Last quarter Lincoln Electric Holdings - Common Shares reported $1 billion in Revenue and $2.45 earnings per share. This beat revenue expectation by $29 million and exceeded earnings estimates by $.28.

In the last 3 years, LECO stock traded as high as $261.13 and as low as $118.17.

The top ETF exchange traded funds that LECO belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

LECO has outperformed the market in the last year with a price return of +50.4% while the SPY ETF gained +21.2%. LECO has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +8.3% and -3.9%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

LECO support price is $235.57 and resistance is $242.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LECO stock will trade within this expected range on the day.