Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $226.80 and last traded at $226.33, with a volume of 11264 shares traded. The stock had previously closed at $223.31.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on LECO shares. Wall Street Zen downgraded shares of Lincoln Electric from a "buy" rating to a "hold" rating in a report on Friday, June 27th. KeyCorp raised their target price on Lincoln Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Stifel Nicolaus raised their target price on Lincoln Electric from $180.00 to $236.00 and gave the company a "hold" rating in a research note on Monday. Morgan Stanley raised their target price on Lincoln Electric from $179.00 to $180.00 and gave the company an "underweight" rating in a research note on Tuesday, May 6th. Finally, Robert W. Baird cut 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $222.60.
View Our Latest Research Report on LECO
Lincoln Electric Trading Up 1.7%
The business's 50 day moving average is $207.33 and its two-hundred day moving average is $196.93. The company has a quick ratio of 1.19, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $12.71 billion, a P/E ratio of 28.08, a PEG ratio of 1.64 and a beta of 1.20.
Lincoln Electric (NASDAQ:LECO - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $2.16 earnings per share for the quarter, missing analysts' consensus estimates of $2.22 by ($0.06). Lincoln Electric had a net margin of 11.44% and a return on equity of 39.44%. The company had revenue of $365.45 million for the quarter, compared to the consensus estimate of $974.39 million. During the same quarter in the prior year, the firm earned $2.23 earnings per share. Lincoln Electric's revenue for the quarter was up 2.4% compared to the same quarter last year. Analysts expect that Lincoln Electric Holdings, Inc. will post 9.36 EPS for the current year.
Lincoln Electric Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.32%. The ex-dividend date is Tuesday, September 30th. Lincoln Electric's dividend payout ratio (DPR) is presently 36.99%.
Institutional Investors Weigh In On Lincoln Electric
Hedge funds and other institutional investors have recently bought and sold shares of the business. Mizuho Bank Ltd. bought a new stake in Lincoln Electric in the fourth quarter worth about $30,000. Geneos Wealth Management Inc. increased its stake 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 worth $53,000 after purchasing an additional 255 shares in the last quarter. Brooklyn Investment Group increased its stake in Lincoln Electric by 279.6% in the 1st quarter. Brooklyn Investment Group now owns 353 shares of the industrial products company's stock worth $67,000 after purchasing an additional 260 shares in the last quarter. Wood Tarver Financial Group LLC purchased a new position in Lincoln Electric in the 4th quarter worth about $68,000. Finally, Signaturefd LLC increased its stake in Lincoln Electric by 77.1% in the 1st quarter. Signaturefd LLC now owns 425 shares of the industrial products company's stock worth $80,000 after purchasing an additional 185 shares in the last quarter. 79.61% of the stock is currently owned by institutional investors.
About Lincoln Electric
(
Get Free Report)
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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