Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Receives Consensus Rating of “Hold” from Brokerages

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $219.43.

Several equities analysts have recently commented on the company. Robert W. Baird increased their target price on Lincoln Electric from $213.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Loop Capital dropped their price target on Lincoln Electric from $285.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. StockNews.com raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Stifel Nicolaus lifted their price objective on shares of Lincoln Electric from $209.00 to $213.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Finally, KeyCorp decreased their price objective on shares of Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, May 24th.

Institutional Investors Weigh In On Lincoln Electric

A number of hedge funds have recently added to or reduced their stakes in the stock. Albert D Mason Inc. lifted its stake in Lincoln Electric by 0.8% in the first quarter. Albert D Mason Inc. now owns 5,719 shares of the industrial products company’s stock valued at $1,461,000 after buying an additional 44 shares during the last quarter. Threadgill Financial LLC lifted its stake in Lincoln Electric by 5.6% in the first quarter. Threadgill Financial LLC now owns 1,267 shares of the industrial products company’s stock valued at $324,000 after buying an additional 67 shares during the last quarter. Legacy Financial Advisors Inc. lifted its stake in Lincoln Electric by 3.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 2,144 shares of the industrial products company’s stock valued at $466,000 after buying an additional 68 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Lincoln Electric by 3.1% in the fourth quarter. Corient Private Wealth LLC now owns 2,241 shares of the industrial products company’s stock valued at $487,000 after buying an additional 68 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Lincoln Electric by 174.4% during the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 68 shares in the last quarter. 79.61% of the stock is currently owned by institutional investors.

Lincoln Electric Stock Performance

Lincoln Electric stock opened at $193.32 on Friday. The stock has a market cap of $11.00 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 1.47 and a beta of 1.15. The company has a current ratio of 2.06, a quick ratio of 1.49 and a debt-to-equity ratio of 0.84. The stock has a 50 day moving average of $194.68 and a 200-day moving average of $218.39. Lincoln Electric has a 52 week low of $164.00 and a 52 week high of $261.13.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Wednesday, July 31st. The industrial products company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.30 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Lincoln Electric had a return on equity of 42.24% and a net margin of 12.48%. The business’s revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.44 EPS. On average, analysts expect that Lincoln Electric will post 9.03 EPS for the current fiscal year.

Lincoln Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Monday, September 30th. Lincoln Electric’s payout ratio is 30.15%.

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.