Lincoln Electric (NASDAQ:LECO) had its price target increased by stock analysts at Morgan Stanley from $121.00 to $132.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has an "equal weight" rating on the industrial products company's stock. Morgan Stanley's price objective suggests a potential upside of 1.91% from the company's current price.
Several other research analysts also recently commented on LECO. Vertical Research raised Lincoln Electric from a "sell" rating to a "hold" rating and set a $140.00 price objective for the company in a research note on Wednesday, April 28th. Oppenheimer reiterated a "hold" rating on shares of Lincoln Electric in a report on Monday, February 15th. Finally, Barclays raised their target price on Lincoln Electric from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 28th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. The stock currently has a consensus rating of "Buy" and a consensus target price of $125.14.
Shares of Lincoln Electric stock opened at $129.53 on Tuesday. The company has a market capitalization of $7.71 billion, a PE ratio of 38.55, a P/E/G ratio of 2.51 and a beta of 1.13. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.18 and a current ratio of 1.92. The company has a 50-day simple moving average of $124.54 and a two-hundred day simple moving average of $117.54. Lincoln Electric has a one year low of $68.12 and a one year high of $132.73.
Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Tuesday, April 27th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.18 by $0.19. Lincoln Electric had a net margin of 7.59% and a return on equity of 34.42%. The firm had revenue of $757.02 million for the quarter, compared to the consensus estimate of $727.87 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts predict that Lincoln Electric will post 3.96 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Harvest Fund Management Co. Ltd purchased a new stake in Lincoln Electric during the fourth quarter worth $55,000. Meeder Asset Management Inc. boosted its position in Lincoln Electric by 419.2% during the first quarter. Meeder Asset Management Inc. now owns 540 shares of the industrial products company's stock worth $66,000 after purchasing an additional 436 shares in the last quarter. Private Capital Group LLC boosted its position in Lincoln Electric by 20.8% during the first quarter. Private Capital Group LLC now owns 632 shares of the industrial products company's stock worth $78,000 after purchasing an additional 109 shares in the last quarter. Huntington National Bank boosted its position in Lincoln Electric by 54.3% during the fourth quarter. Huntington National Bank now owns 1,350 shares of the industrial products company's stock worth $157,000 after purchasing an additional 475 shares in the last quarter. Finally, Park National Corp OH purchased a new stake in Lincoln Electric during the first quarter worth $206,000. Institutional investors own 74.01% 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 welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.
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