Lincoln Electric (NASDAQ:LECO) Price Target Raised to $236.00

Lincoln Electric (NASDAQ:LECO - Get Free Report) had its price target increased by investment analysts at Stifel Nicolaus from $180.00 to $236.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the industrial products company's stock. Stifel Nicolaus' price objective points to a potential upside of 4.61% from the company's current price.

Several other equities analysts have also commented on the stock. Wall Street Zen lowered shares of Lincoln Electric from a "buy" rating to a "hold" rating in a report on Friday, June 27th. KeyCorp lifted their target price on shares of Lincoln Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Morgan Stanley boosted their price target on shares of Lincoln Electric from $179.00 to $180.00 and gave the stock an "underweight" rating in a research report on Tuesday, May 6th. Finally, Robert W. Baird dropped their target price on shares of Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating on the stock in a research 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 company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $222.60.

Lincoln Electric Stock Performance

Shares of LECO traded up $2.28 during trading hours on Monday, hitting $225.59. The company had a trading volume of 222,429 shares, compared to its average volume of 321,883. The business has a fifty day moving average of $206.21 and a 200-day moving average of $196.47. 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 cap of $12.59 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 1.61 and a beta of 1.20. Lincoln Electric has a 12 month low of $161.11 and a 12 month high of $226.73.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $974.39 million. Lincoln Electric had a return on equity of 39.44% and a net margin of 11.44%. The business's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.23 EPS. Equities analysts anticipate that Lincoln Electric will post 9.36 EPS for the current fiscal year.

Institutional Trading of Lincoln Electric

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Beacon Financial Advisory LLC lifted its holdings in Lincoln Electric by 430.0% during the second quarter. Beacon Financial Advisory LLC now owns 11,834 shares of the industrial products company's stock valued at $2,454,000 after purchasing an additional 9,601 shares during the last quarter. Checchi Capital Advisers LLC purchased a new stake in Lincoln Electric during the second quarter valued at about $220,000. Vaughan Nelson Investment Management L.P. lifted its holdings in Lincoln Electric by 24.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 504,479 shares of the industrial products company's stock valued at $104,589,000 after purchasing an additional 98,920 shares during the last quarter. Naples Global Advisors LLC lifted its holdings in Lincoln Electric by 2.1% during the second quarter. Naples Global Advisors LLC now owns 9,574 shares of the industrial products company's stock valued at $1,991,000 after purchasing an additional 200 shares during the last quarter. Finally, Mariner Investment Group LLC purchased a new stake in shares of Lincoln Electric in the second quarter worth about $1,451,000. Institutional investors 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.