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

Lincoln Electric (NASDAQ:LECO - Get Free Report) had its target price lifted by Stifel Nicolaus from $180.00 to $236.00 in a report issued on Monday,Benzinga reports. The firm currently has a "hold" rating on the industrial products company's stock. Stifel Nicolaus' price target indicates a potential upside of 5.28% from the stock's current price.

Several other research firms have also recently weighed in on LECO. Morgan Stanley lifted their price target on Lincoln Electric from $179.00 to $180.00 and gave the stock an "underweight" rating in a report on Tuesday, May 6th. Robert W. Baird dropped their price target on Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. KeyCorp raised their price objective on Lincoln Electric from $225.00 to $250.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen lowered Lincoln Electric from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $222.60.

Lincoln Electric Stock Performance

Shares of LECO traded down $1.42 during mid-day trading on Monday, reaching $224.17. The company's stock had a trading volume of 65,884 shares, compared to its average volume of 346,147. Lincoln Electric has a 1-year low of $161.11 and a 1-year high of $226.80. The stock has a market cap of $12.51 billion, a P/E ratio of 27.66, a PEG ratio of 1.64 and a beta of 1.20. The business has a 50-day simple moving average of $206.81 and a two-hundred day simple moving average of $196.67. The company has a current ratio of 1.78, a quick ratio of 1.19 and a debt-to-equity ratio of 0.86.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last released its quarterly earnings data 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). Lincoln Electric had a net margin of 11.44% and a return on equity of 39.44%. The business had revenue of $365.45 million during the quarter, compared to analyst estimates of $974.39 million. During the same period in the previous year, the business earned $2.23 earnings per share. The business's quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts anticipate that Lincoln Electric will post 9.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lincoln Electric

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