Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Receives $206.40 Consensus PT from Analysts

Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Get Free Report) has earned a consensus recommendation of "Hold" from the five research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $206.40.

Several brokerages have recently commented on LECO. Wall Street Zen raised Lincoln Electric from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Morgan Stanley increased their target price on Lincoln Electric from $179.00 to $180.00 and gave the stock an "underweight" rating in a research note on Tuesday, May 6th. Stifel Nicolaus increased their target price on Lincoln Electric from $178.00 to $180.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. KeyCorp decreased their target price on Lincoln Electric from $245.00 to $225.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Finally, Robert W. Baird decreased their target price on Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st.

Lincoln Electric Trading Up 1.5%

Shares of Lincoln Electric stock traded up $2.89 during trading hours on Tuesday, hitting $195.33. The company's stock had a trading volume of 303,114 shares, compared to its average volume of 329,218. Lincoln Electric has a twelve month low of $161.11 and a twelve month high of $222.52. The firm has a fifty day moving average of $186.04 and a 200-day moving average of $195.07. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 1.51 and a beta of 1.18. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.87.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $2.16 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.06). Lincoln Electric had a net margin of 11.63% and a return on equity of 40.19%. The business had revenue of $365.45 million during the quarter, compared to analyst estimates of $974.39 million. During the same period last year, the company earned $2.23 EPS. The business's revenue for the quarter was up 2.4% on a year-over-year basis. Research analysts forecast that Lincoln Electric will post 9.36 EPS for the current year.

Lincoln Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.54%. The ex-dividend date is Monday, June 30th. Lincoln Electric's payout ratio is 36.99%.

Institutional Investors Weigh In On Lincoln Electric

A number of hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its position in Lincoln Electric by 980.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 255 shares in the last quarter. Focus Partners Wealth raised its position in Lincoln Electric by 11.2% in the 1st quarter. Focus Partners Wealth now owns 45,164 shares of the industrial products company's stock valued at $8,543,000 after purchasing an additional 4,557 shares in the last quarter. Jane Street Group LLC raised its position in Lincoln Electric by 153.1% in the 1st quarter. Jane Street Group LLC now owns 58,993 shares of the industrial products company's stock valued at $11,159,000 after purchasing an additional 35,682 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Lincoln Electric by 8.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 137,540 shares of the industrial products company's stock valued at $26,017,000 after purchasing an additional 10,961 shares in the last quarter. Finally, Vancity Investment Management Ltd acquired a new stake in Lincoln Electric in the 1st quarter valued at about $667,000. Institutional investors and hedge funds own 79.61% of the company's stock.

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.