Lincoln Electric (NASDAQ:LECO) Price Target Raised to $235.00

Lincoln Electric (NASDAQ:LECO) had its price objective hoisted by analysts at Barclays from $220.00 to $235.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the industrial products company’s stock. Barclays‘s target price suggests a potential upside of 9.91% from the stock’s current price.

Other research analysts have also issued research reports about the company. KeyCorp increased their target price on Lincoln Electric from $230.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday. Stifel Nicolaus dropped their target price on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Finally, StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lincoln Electric currently has an average rating of “Moderate Buy” and a consensus target price of $233.60.

Lincoln Electric Stock Up 0.0 %

LECO opened at $213.82 on Tuesday. The company has a fifty day moving average of $194.55 and a two-hundred day moving average of $195.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85. Lincoln Electric has a fifty-two week low of $169.51 and a fifty-two week high of $261.13. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 1.40 and a beta of 1.18.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.54. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $995.94 million. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. On average, research analysts expect that Lincoln Electric will post 8.72 earnings per share for the current year.

Institutional Investors Weigh In On Lincoln Electric

Large investors have recently modified their holdings of the business. Woodline Partners LP acquired a new position in Lincoln Electric during the fourth quarter worth about $551,000. Sovereign s Capital Management LLC purchased a new position in Lincoln Electric in the 4th quarter worth approximately $1,772,000. Strategic Wealth Partners Ltd. acquired a new position in shares of Lincoln Electric during the 4th quarter worth approximately $337,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of Lincoln Electric in the fourth quarter valued at approximately $256,000. Finally, Silvercrest Asset Management Group LLC lifted its position in Lincoln Electric by 3.7% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 9,375 shares of the industrial products company’s stock worth $1,758,000 after buying an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.

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.