Alert: Negative Investment/Fundamental Signals (6/11/24)-Lincoln Electric Holdings Inc (NASDAQ: LECO)

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Extremely important negative changes in investment behavior have recently occurred for Lincoln Electric Holdings Inc (NASDAQ: LECO): its longer term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.

Lincoln Electric Holdings Inc (NASDAQ: LECO). Moderate negative changes in fundamentals have recently occurred. Negative developments: the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, LECO is expected to continue to be a major Value Builder.

Lincoln Electric Holdings has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Lincoln Electric Holdings has a slightly negative Appreciation Score of 32 but a good Power Rating of 75, and the Neutral Value Trend Rating results.

Recent Price Action

On 6/11/24, Lincoln Electric Holdings Inc (NASDAQ: LECO) stock declined by -2.0%, closing at $185.07. Moreover, this decline was accompanied by exceptionally high trading volume at 222% of normal. The stock has declined -3.7% during the last week but has been strong relative to the market over the last nine months.

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