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

Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) have earned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $229.50.

Several equities research analysts have issued reports on LECO shares. Stifel Nicolaus lowered their price target on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a 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 target on shares of Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th.

Institutional Investors Weigh In On Lincoln Electric

A number of institutional investors have recently made changes to their positions in LECO. Trust Point Inc. grew its holdings in shares of Lincoln Electric by 36.1% during the fourth quarter. Trust Point Inc. now owns 3,339 shares of the industrial products company’s stock valued at $626,000 after buying an additional 885 shares during the last quarter. Alliance Wealth Advisors LLC UT grew its holdings in Lincoln Electric by 6.9% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,154 shares of the industrial products company’s stock valued at $591,000 after purchasing an additional 203 shares during the period. Boston Trust Walden Corp raised its stake in 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 valued at $61,629,000 after acquiring an additional 6,912 shares during the period. Greenleaf Trust boosted its holdings in Lincoln Electric by 3.4% in the 4th quarter. Greenleaf Trust now owns 2,447 shares of the industrial products company’s stock worth $459,000 after buying an additional 81 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position 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 purchasing an additional 228 shares in the last quarter. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Stock Down 0.7 %

Shares of LECO opened at $197.27 on Wednesday. Lincoln Electric has a 52 week low of $169.51 and a 52 week high of $261.13. The firm has a market capitalization 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. The company has a 50-day simple moving average of $199.13 and a 200-day simple moving average of $196.46. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Thursday, October 31st. The industrial products company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $988.07 million. During the same quarter in the previous year, the company posted $2.40 earnings per share. Lincoln Electric’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities research analysts expect that Lincoln Electric will post 8.74 earnings per share 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.