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Lincoln Electric Holdings Inc (NASDAQ:LECO) stock has reached a 52-week low, trading at $169.08, as investors navigate through a period of market volatility. With a market capitalization of $9.7 billion and a current price of $173.13, InvestingPro analysis suggests the stock is currently undervalued. The company, known for its prominence in the welding, cutting, and joining products industry, has experienced a significant downturn over the past year, with a 1-year total return of -26.21%. Despite the recent decline, the company maintains strong fundamentals with an overall GOOD financial health rating and a remarkable 52-year track record of consistent dividend payments. InvestingPro subscribers can access 8 additional key insights about LECO’s financial strength and growth potential through the comprehensive Pro Research Report.
In other recent news, Lincoln Electric reported a strong fourth quarter for 2024, exceeding market expectations with earnings per share (EPS) of $2.57, surpassing the forecast of $2.03. The company also reported revenue of $1.02 billion, exceeding projections of $1 billion. Following these results, KeyBanc Capital Markets raised its price target for Lincoln Electric to $245, maintaining an Overweight rating. Stifel also adjusted its price target to $220 from $211, keeping a Hold rating on the stock. Despite a 7% organic decline, Lincoln Electric achieved a record operating margin of 17.6% for the year, peaking at 18.2% in the fourth quarter. The company’s management has expressed a conservative outlook for 2025, anticipating low single-digit sales growth. KeyBanc’s optimism is fueled by Lincoln Electric’s high return on capital and potential for further growth in its automation business. The company has also been commended for its strategic acquisitions and product innovation, which have contributed to its robust performance.
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