Lincoln Electric Holdings, Inc. (LECO) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) from a hold rating to a buy rating in a research report released on Wednesday morning.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded Lincoln Electric Holdings from a hold rating to a buy rating and set a $108.00 price objective for the company in a report on Tuesday, June 20th. Royal Bank Of Canada restated a hold rating and issued a $93.00 price objective on shares of Lincoln Electric Holdings in a report on Tuesday, June 27th. FBR & Co restated an outperform rating on shares of Lincoln Electric Holdings in a report on Tuesday, July 11th. Stifel Nicolaus restated a hold rating and issued a $98.00 price objective on shares of Lincoln Electric Holdings in a report on Friday, July 14th. Finally, BidaskClub cut Lincoln Electric Holdings from a strong-buy rating to a buy rating in a report on Monday, July 24th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $89.86.

Shares of Lincoln Electric Holdings (NASDAQ:LECO) traded up 0.80% during mid-day trading on Wednesday, hitting $90.67. The company’s stock had a trading volume of 454,947 shares. The company has a 50-day moving average price of $87.01 and a 200-day moving average price of $88.88. Lincoln Electric Holdings has a 1-year low of $59.27 and a 1-year high of $97.97. The stock has a market cap of $5.98 billion, a PE ratio of 26.21 and a beta of 0.98.

Lincoln Electric Holdings (NASDAQ:LECO) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.03. The firm had revenue of $626.90 million during the quarter, compared to analysts’ expectations of $620.28 million. Lincoln Electric Holdings had a return on equity of 30.55% and a net margin of 9.86%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. Analysts predict that Lincoln Electric Holdings will post $3.75 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, September 28th. Lincoln Electric Holdings’s payout ratio is 40.46%.

In related news, VP Michele R. Kuhrt sold 3,080 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $88.55, for a total value of $272,734.00. Following the completion of the sale, the vice president now directly owns 14,449 shares in the company, valued at approximately $1,279,458.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.27% of the company’s stock.

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in Lincoln Electric Holdings by 4.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,270,096 shares of the industrial products company’s stock valued at $116,964,000 after purchasing an additional 59,464 shares during the last quarter. Meadow Creek Investment Management LLC lifted its stake in Lincoln Electric Holdings by 6.6% in the 1st quarter. Meadow Creek Investment Management LLC now owns 1,808 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 112 shares during the last quarter. Tradition Capital Management LLC lifted its stake in Lincoln Electric Holdings by 1,469.7% in the 2nd quarter. Tradition Capital Management LLC now owns 45,426 shares of the industrial products company’s stock valued at $4,183,000 after purchasing an additional 42,532 shares during the last quarter. Bbva Compass Bancshares Inc. lifted its stake in Lincoln Electric Holdings by 0.5% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 6,552 shares of the industrial products company’s stock valued at $603,000 after purchasing an additional 34 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in Lincoln Electric Holdings by 3.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the industrial products company’s stock valued at $1,483,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 64.68% of the company’s stock.

Lincoln Electric Holdings Company Profile

Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Lincoln Electric Holdings (NASDAQ:LECO)

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