Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Receives $226.33 Average PT from Brokerages

Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) have received an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $221.67.

LECO has been the topic of a number of recent research reports. StockNews.com cut Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Monday, October 14th. Stifel Nicolaus upped their price objective on shares of Lincoln Electric from $184.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Finally, Robert W. Baird dropped their price target on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 4th.

Insider Buying and Selling

In other news, SVP Michael J. Whitehead sold 1,100 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $175.96, for a total value of $193,556.00. Following the sale, the senior vice president now directly owns 11,178 shares in the company, valued at approximately $1,966,880.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.63% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lincoln Electric

Large investors have recently modified their holdings of the business. Riverview Trust Co acquired a new stake in Lincoln Electric in the first quarter valued at approximately $26,000. Capital Advisors Ltd. LLC raised its stake in shares of Lincoln Electric by 194.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock worth $27,000 after buying an additional 70 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Lincoln Electric by 174.4% during the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 68 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of Lincoln Electric during the 1st quarter worth about $35,000. Finally, V Square Quantitative Management LLC purchased a new position in Lincoln Electric in the 2nd quarter valued at about $28,000. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Stock Performance

NASDAQ LECO opened at $203.10 on Monday. The company has a current ratio of 2.06, a quick ratio of 1.31 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $189.19 and a 200 day simple moving average of $202.21. The company has a market cap of $11.56 billion, a P/E ratio of 21.56, a PEG ratio of 1.43 and a beta of 1.14. Lincoln Electric has a 12-month low of $164.00 and a 12-month high of $261.13.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.04. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Lincoln Electric had a return on equity of 42.24% and a net margin of 12.48%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.44 EPS. Sell-side analysts predict that Lincoln Electric will post 8.95 earnings per share for the current fiscal year.

Lincoln Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.48%. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.71. The ex-dividend date is Tuesday, December 31st. Lincoln Electric’s dividend payout ratio is currently 31.85%.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States.