Investment Analysts’ Weekly Ratings Changes for Lincoln Electric (LECO)

A number of research firms have changed their ratings and price targets for Lincoln Electric (NASDAQ: LECO):

  • 11/2/2018 – Lincoln Electric was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 11/1/2018 – Lincoln Electric was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/26/2018 – Lincoln Electric was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 10/26/2018 – Lincoln Electric had its price target lowered by analysts at KeyCorp from $110.00 to $100.00. They now have an “overweight” rating on the stock.
  • 10/26/2018 – Lincoln Electric was given a new $90.00 price target on by analysts at Barclays PLC. They now have an “equal weight” rating on the stock.
  • 10/26/2018 – Lincoln Electric was upgraded by analysts at Gabelli from a “hold” rating to a “buy” rating. They now have a $111.00 price target on the stock.
  • 10/25/2018 – Lincoln Electric was given a new $85.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 10/25/2018 – Lincoln Electric had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $95.00 price target on the stock.
  • 10/19/2018 – Lincoln Electric was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/10/2018 – Lincoln Electric was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/9/2018 – Lincoln Electric was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Lincoln Electric witnessed surcharges in second-quarter 2018 primarily related to the U.S. business where the recent tariffs are having the greatest impact. Its results will be hurt by the impact of recent tariffs, raw material inflation and a stronger U.S. dollar. Softer energy business also remains a concern for Lincoln Electric in the near term.”
  • 10/4/2018 – Lincoln Electric was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/22/2018 – Lincoln Electric was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of LECO opened at $85.37 on Wednesday. The firm has a market cap of $5.42 billion, a PE ratio of 22.53, a P/E/G ratio of 1.34 and a beta of 1.27. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.88 and a current ratio of 2.58. Lincoln Electric Holdings, Inc. has a 1-year low of $75.07 and a 1-year high of $101.34.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Thursday, October 25th. The industrial products company reported $1.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.21. The firm had revenue of $737.10 million for the quarter, compared to analyst estimates of $763.42 million. Lincoln Electric had a net margin of 7.40% and a return on equity of 31.77%. Sell-side analysts anticipate that Lincoln Electric Holdings, Inc. will post 4.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, December 28th. This is a positive change from Lincoln Electric’s previous quarterly dividend of $0.39. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.20%. Lincoln Electric’s payout ratio is 41.16%.

In other Lincoln Electric news, Director Kathryn Jo Lincoln sold 3,140 shares of the company’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $94.10, for a total value of $295,474.00. Following the sale, the director now directly owns 44,194 shares of the company’s stock, valued at $4,158,655.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William E. Macdonald III sold 3,500 shares of the company’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $92.96, for a total transaction of $325,360.00. Following the completion of the sale, the director now directly owns 15,307 shares in the company, valued at $1,422,938.72. The disclosure for this sale can be found here. 3.04% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. First Hawaiian Bank purchased a new stake in Lincoln Electric in the third quarter valued at $102,000. Bruderman Asset Management LLC purchased a new stake in Lincoln Electric in the second quarter valued at $113,000. Psagot Investment House Ltd. acquired a new position in shares of Lincoln Electric in the second quarter worth about $133,000. Twin Tree Management LP raised its position in shares of Lincoln Electric by 262.2% in the second quarter. Twin Tree Management LP now owns 1,588 shares of the industrial products company’s stock worth $139,000 after acquiring an additional 2,567 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in shares of Lincoln Electric in the third quarter worth about $201,000. 71.15% of the stock is currently owned by institutional investors.

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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