Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Receives Average Rating of “Moderate Buy” from Analysts

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned 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 $253.00.

Several equities research analysts recently weighed in on the stock. Barclays increased their target price on shares of Lincoln Electric from $260.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Zacks Research downgraded Lincoln Electric from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Stifel Nicolaus boosted their price objective on Lincoln Electric from $252.00 to $253.00 and gave the company a “hold” rating in a research report on Friday, January 23rd. Roth Mkm set a $285.00 target price on Lincoln Electric and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Wall Street Zen downgraded shares of Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th.

Lincoln Electric Trading Down 0.9%

Shares of Lincoln Electric stock opened at $265.35 on Friday. Lincoln Electric has a 1 year low of $161.11 and a 1 year high of $268.13. The company’s fifty day simple moving average is $248.05 and its 200-day simple moving average is $239.88. The company has a market cap of $14.60 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 1.67 and a beta of 1.26. The company has a current ratio of 1.71, a quick ratio of 1.07 and a debt-to-equity ratio of 0.81.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings results on Thursday, October 30th. The industrial products company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.08. Lincoln Electric had a net margin of 12.56% and a return on equity of 40.33%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm earned $2.14 EPS. The business’s revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts expect that Lincoln Electric will post 9.36 EPS for the current year.

Institutional Trading of Lincoln Electric

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LECO. Quent Capital LLC acquired a new stake in Lincoln Electric during the third quarter valued at approximately $27,000. Frazier Financial Advisors LLC raised its holdings in shares of Lincoln Electric by 3,700.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 114 shares of the industrial products company’s stock worth $27,000 after buying an additional 111 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Lincoln Electric during the 3rd quarter worth approximately $31,000. Vermillion & White Wealth Management Group LLC boosted its stake in Lincoln Electric by 82.4% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 155 shares of the industrial products company’s stock valued at $32,000 after buying an additional 70 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its position in Lincoln Electric by 3,860.0% in the third quarter. SJS Investment Consulting Inc. now owns 198 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 193 shares during the period. Institutional investors own 79.61% of the company’s stock.

About Lincoln Electric

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.