BidaskClub upgraded shares of Lincoln Electric (NASDAQ:LECO) from a hold rating to a buy rating in a research note released on Saturday morning.
A number of other analysts have also recently issued reports on LECO. Robert W. Baird reissued a hold rating and issued a $93.00 price objective on shares of Lincoln Electric in a research note on Friday, April 13th. Zacks Investment Research cut shares of Lincoln Electric from a buy rating to a hold rating in a research note on Wednesday, February 7th. Seaport Global Securities reissued a buy rating and issued a $110.00 price objective on shares of Lincoln Electric in a research note on Thursday, February 15th. Barclays increased their price objective on shares of Lincoln Electric from $90.00 to $96.00 and gave the stock a hold rating in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus raised shares of Lincoln Electric from a hold rating to a buy rating and increased their price objective for the stock from $97.00 to $116.00 in a research note on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $105.30.
LECO opened at $92.62 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.94 and a current ratio of 2.60. Lincoln Electric has a 1-year low of $83.77 and a 1-year high of $101.34. The company has a market capitalization of $6,077.63, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 1.71 and a beta of 1.10.
Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Wednesday, February 14th. The industrial products company reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.05. Lincoln Electric had a net margin of 9.43% and a return on equity of 28.76%. The business had revenue of $747.19 million for the quarter, compared to the consensus estimate of $696.97 million. During the same period last year, the firm earned $0.81 earnings per share. The company’s quarterly revenue was up 32.5% on a year-over-year basis. equities analysts anticipate that Lincoln Electric will post 4.72 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.56 annualized dividend and a yield of 1.68%. Lincoln Electric’s payout ratio is 41.16%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Oakbrook Investments LLC grew its stake in Lincoln Electric by 8.7% during the fourth quarter. Oakbrook Investments LLC now owns 6,740 shares of the industrial products company’s stock valued at $617,000 after acquiring an additional 540 shares in the last quarter. BB&T Securities LLC grew its stake in Lincoln Electric by 13.2% during the fourth quarter. BB&T Securities LLC now owns 5,025 shares of the industrial products company’s stock valued at $460,000 after acquiring an additional 585 shares in the last quarter. Amalgamated Bank grew its stake in Lincoln Electric by 5.5% during the fourth quarter. Amalgamated Bank now owns 12,387 shares of the industrial products company’s stock valued at $1,134,000 after acquiring an additional 641 shares in the last quarter. Profund Advisors LLC grew its stake in Lincoln Electric by 9.7% during the fourth quarter. Profund Advisors LLC now owns 7,701 shares of the industrial products company’s stock valued at $705,000 after acquiring an additional 682 shares in the last quarter. Finally, Meadow Creek Investment Management LLC grew its stake in Lincoln Electric by 21.8% during the fourth quarter. Meadow Creek Investment Management LLC now owns 4,016 shares of the industrial products company’s stock valued at $368,000 after acquiring an additional 720 shares in the last quarter. 66.98% of the stock is owned by institutional investors.
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Lincoln Electric Company Profile
Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company's welding products include 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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