Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Receives $206.40 Consensus Price Target from Brokerages

Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Get Free Report) have earned a consensus rating of "Hold" from the five analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $206.40.

A number of brokerages have recently weighed in on LECO. Morgan Stanley lifted their price target on Lincoln Electric from $179.00 to $180.00 and gave the company an "underweight" rating in a report on Tuesday, May 6th. Stifel Nicolaus lifted their price target on Lincoln Electric from $178.00 to $180.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Barclays lifted their price target on Lincoln Electric from $220.00 to $235.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Wall Street Zen upgraded Lincoln Electric from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, KeyCorp lowered their price target on Lincoln Electric from $245.00 to $225.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st.

Lincoln Electric Price Performance

Shares of NASDAQ LECO traded down $0.06 during mid-day trading on Tuesday, reaching $195.27. The company had a trading volume of 552,656 shares, compared to its average volume of 326,874. The company has a current ratio of 1.87, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The stock has a market cap of $10.90 billion, a PE ratio of 23.96, a P/E/G ratio of 1.51 and a beta of 1.18. The company has a 50-day moving average price of $185.98 and a two-hundred day moving average price of $194.67. Lincoln Electric has a 1-year low of $161.11 and a 1-year high of $222.52.

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

Lincoln Electric Dividend Announcement

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

Institutional Trading of Lincoln Electric

A number of institutional investors have recently bought and sold shares of LECO. Mizuho Bank Ltd. acquired a new stake in Lincoln Electric during the fourth quarter valued at $30,000. Jones Financial Companies Lllp boosted its position in Lincoln Electric by 255.1% during the fourth quarter. Jones Financial Companies Lllp now owns 174 shares of the industrial products company's stock valued at $33,000 after purchasing an additional 125 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Lincoln Electric by 980.8% during the first 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 during the last quarter. V Square Quantitative Management LLC boosted its position in Lincoln Electric by 54.1% during the fourth quarter. V Square Quantitative Management LLC now owns 299 shares of the industrial products company's stock valued at $56,000 after purchasing an additional 105 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in Lincoln Electric by 279.6% during the first quarter. Brooklyn Investment Group now owns 353 shares of the industrial products company's stock valued at $67,000 after purchasing an additional 260 shares during the last quarter. Institutional investors and hedge funds own 79.61% of the company's stock.

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.