Lincoln Electric (NASDAQ:LECO) Price Target Raised to $250.00 at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised Lincoln Electric's price target from $236.00 to $250.00, indicating a potential upside of 4.30% from its previous close.
• Lincoln Electric reported earnings of $2.60 per share, surpassing the consensus estimate of $2.32, with revenues of $1.09 billion during the last quarter.
• The company's stock currently holds a consensus rating of "Hold" from research analysts, with one sell rating, two hold ratings, and three buy ratings.

Lincoln Electric (NASDAQ:LECO - Get Free Report) had its target price increased by research analysts at Stifel Nicolaus from $236.00 to $250.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "hold" rating on the industrial products company's stock. Stifel Nicolaus' target price would indicate a potential upside of 4.30% from the stock's previous close.

Several other research analysts also recently weighed in on the company. Wall Street Zen downgraded Lincoln Electric from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. KeyCorp increased their price target on Lincoln Electric from $250.00 to $280.00 and gave the stock an "overweight" rating in a research note on Friday. Morgan Stanley increased their price target on Lincoln Electric from $179.00 to $180.00 and gave the stock an "underweight" rating in a research note on Tuesday, May 6th. Finally, Robert W. Baird dropped their price objective on Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Lincoln Electric currently has a consensus rating of "Hold" and a consensus target price of $231.40.

Lincoln Electric Stock Performance

NASDAQ:LECO traded down $3.80 during trading on Friday, reaching $239.70. The company's stock had a trading volume of 201,619 shares, compared to its average volume of 350,302. The firm has a market cap of $13.38 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 1.64 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.19 and a current ratio of 1.78. The firm has a 50 day moving average of $210.36 and a 200-day moving average of $198.46. Lincoln Electric has a 12 month low of $161.11 and a 12 month high of $244.30.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.28. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.04 billion. Lincoln Electric had a return on equity of 39.44% and a net margin of 11.44%. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.34 EPS. Research analysts expect that Lincoln Electric will post 9.36 EPS for the current fiscal year.

Institutional Trading of Lincoln Electric

Institutional investors and hedge funds have recently modified their holdings of the business. Mizuho Bank Ltd. purchased a new stake in shares of Lincoln Electric in the 4th quarter valued at about $30,000. Geneos Wealth Management Inc. raised its holdings in shares of Lincoln Electric by 980.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company's stock valued at $53,000 after buying an additional 255 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Lincoln Electric by 279.6% during the 1st quarter. Brooklyn Investment Group now owns 353 shares of the industrial products company's stock valued at $67,000 after buying an additional 260 shares in the last quarter. Wood Tarver Financial Group LLC purchased a new position in shares of Lincoln Electric during the 4th quarter valued at about $68,000. Finally, Signaturefd LLC raised its holdings in shares of Lincoln Electric by 77.1% during the 1st quarter. Signaturefd LLC now owns 425 shares of the industrial products company's stock valued at $80,000 after buying an additional 185 shares in the last quarter. Hedge funds and other institutional investors 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.

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