Posted by admin on Apr 18th, 2022

Lincoln Electric (NASDAQ:LECO – Get Rating) had its target price cut by Stifel Nicolaus from $144.00 to $132.00 in a research report issued to clients and investors on Monday, The Fly reports. Stifel Nicolaus’ price objective points to a potential upside of 1.95% from the company’s previous close.

Other research analysts also recently issued reports about the company. StockNews.com downgraded Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 12th. Loop Capital started coverage on Lincoln Electric in a research note on Wednesday, January 5th. They issued a “buy” rating and a $170.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on Lincoln Electric from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Friday, February 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $147.29.

Shares of Lincoln Electric stock opened at $129.47 on Monday. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 1.21 and a beta of 1.20. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.71 and a quick ratio of 0.99. Lincoln Electric has a 52-week low of $121.65 and a 52-week high of $148.54. The stock has a 50-day simple moving average of $130.09 and a 200-day simple moving average of $134.82.

Lincoln Electric (NASDAQ:LECO – Get Rating) last announced its quarterly earnings results on Thursday, February 10th. The industrial products company reported $1.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.06. Lincoln Electric had a return on equity of 44.12% and a net margin of 8.55%. The business had revenue of $844.25 million during the quarter, compared to analyst estimates of $821.08 million. During the same period in the previous year, the company earned $1.24 EPS. The firm’s revenue was up 21.7% on a year-over-year basis. As a group, equities research analysts predict that Lincoln Electric will post 7.13 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in LECO. Moors & Cabot Inc. boosted its stake in Lincoln Electric by 410.2% in the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the industrial products company’s stock valued at $25,000 after buying an additional 20,100 shares in the last quarter. CWM LLC acquired a new position in Lincoln Electric in the fourth quarter worth $25,000. National Bank of Canada FI acquired a new position in Lincoln Electric in the fourth quarter worth $29,000. Sageworth Trust Co of South Dakota acquired a new position in Lincoln Electric in the fourth quarter worth $40,000. Finally, UMB Bank N A MO acquired a new position in Lincoln Electric in the fourth quarter worth $61,000. 73.61% of the stock is currently owned by institutional investors and hedge funds.

About Lincoln Electric (Get Rating)

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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