Posted by admin on Aug 6th, 2022

Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Get Rating) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $147.60.

A number of research analysts have commented on LECO shares. Seaport Res Ptn restated a “neutral” rating on shares of Lincoln Electric in a research note on Monday, August 1st. Morgan Stanley lifted their price objective on shares of Lincoln Electric from $126.00 to $136.00 and gave the company an “equal weight” rating in a research note on Monday, August 1st. StockNews.com upgraded shares of Lincoln Electric from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 1st. Stifel Nicolaus dropped their price objective on shares of Lincoln Electric from $134.00 to $122.00 in a research note on Monday, July 18th. Finally, Robert W. Baird lifted their target price on shares of Lincoln Electric from $143.00 to $150.00 in a report on Thursday, July 28th.

A number of institutional investors have recently added to or reduced their stakes in the stock. State of Michigan Retirement System boosted its holdings in Lincoln Electric by 0.5% during the first quarter. State of Michigan Retirement System now owns 14,989 shares of the industrial products company’s stock worth $2,066,000 after buying an additional 76 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Lincoln Electric by 1.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 4,761 shares of the industrial products company’s stock valued at $656,000 after purchasing an additional 79 shares in the last quarter. Brinker Capital Investments LLC lifted its holdings in shares of Lincoln Electric by 2.2% in the first quarter. Brinker Capital Investments LLC now owns 3,702 shares of the industrial products company’s stock valued at $510,000 after purchasing an additional 80 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Lincoln Electric by 1.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 6,419 shares of the industrial products company’s stock valued at $895,000 after purchasing an additional 89 shares in the last quarter. Finally, Legacy Financial Advisors Inc. lifted its holdings in shares of Lincoln Electric by 5.5% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,736 shares of the industrial products company’s stock valued at $242,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 74.17% of the company’s stock.

Shares of NASDAQ:LECO opened at $142.61 on Wednesday. The company’s fifty day moving average price is $129.57 and its 200 day moving average price is $130.35. Lincoln Electric has a 12 month low of $118.17 and a 12 month high of $148.54. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.62 and a quick ratio of 0.91. The firm has a market capitalization of $8.26 billion, a P/E ratio of 23.42, a P/E/G ratio of 1.13 and a beta of 1.16.

Lincoln Electric (NASDAQ:LECO – Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The industrial products company reported $2.18 EPS for the quarter, topping the consensus estimate of $1.98 by $0.20. Lincoln Electric had a net margin of 10.15% and a return on equity of 50.64%. The firm had revenue of $969.59 million for the quarter, compared to analyst estimates of $936.62 million. During the same period last year, the business earned $1.67 EPS. Lincoln Electric’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, sell-side analysts predict that Lincoln Electric will post 8.2 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, September 29th. Lincoln Electric’s payout ratio is 36.78%.

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 welding products, including 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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