Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Receives $230.75 Average PT from Brokerages

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $229.50.

A number of equities analysts have recently commented on the stock. Stifel Nicolaus dropped their price target on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research report on Friday. StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Finally, KeyCorp lifted their price objective on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th.

Hedge Funds Weigh In On Lincoln Electric

Large investors have recently bought and sold shares of the stock. Trust Point Inc. lifted its position in shares of Lincoln Electric by 36.1% during the 4th quarter. Trust Point Inc. now owns 3,339 shares of the industrial products company’s stock worth $626,000 after buying an additional 885 shares in the last quarter. Alliance Wealth Advisors LLC UT increased its stake in shares of Lincoln Electric by 6.9% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,154 shares of the industrial products company’s stock worth $591,000 after purchasing an additional 203 shares during the last quarter. Boston Trust Walden Corp raised its holdings in shares of Lincoln Electric by 2.1% in the 4th quarter. Boston Trust Walden Corp now owns 328,743 shares of the industrial products company’s stock worth $61,629,000 after purchasing an additional 6,912 shares during the period. Greenleaf Trust grew its holdings in Lincoln Electric by 3.4% during the fourth quarter. Greenleaf Trust now owns 2,447 shares of the industrial products company’s stock valued at $459,000 after purchasing an additional 81 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in shares of Lincoln Electric by 1.5% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 15,058 shares of the industrial products company’s stock valued at $2,823,000 after buying an additional 228 shares during the period. 79.61% of the stock is currently owned by institutional investors.

Lincoln Electric Price Performance

Shares of NASDAQ LECO opened at $197.27 on Wednesday. The firm’s 50-day simple moving average is $199.13 and its 200 day simple moving average is $196.33. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.86. The stock has a market cap of $11.13 billion, a P/E ratio of 23.54, a P/E/G ratio of 1.42 and a beta of 1.18. Lincoln Electric has a fifty-two week low of $169.51 and a fifty-two week high of $261.13.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.09. Lincoln Electric had a net margin of 11.93% and a return on equity of 40.03%. The company had revenue of $983.76 million during the quarter, compared to analyst estimates of $988.07 million. During the same quarter last year, the firm posted $2.40 EPS. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. Equities analysts expect that Lincoln Electric will post 8.74 EPS for the current year.

About Lincoln Electric

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.