Stifel Nicolaus Boosts Lincoln Electric (NASDAQ:LECO) Price Target to $185.00

Lincoln Electric (NASDAQ:LECO) had its target price increased by Stifel Nicolaus from $184.00 to $185.00 in a research note released on Wednesday, Benzinga reports. They currently have a hold rating on the industrial products company’s stock.

LECO has been the subject of several other research reports. Robert W. Baird reduced their price target on shares of Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. StockNews.com cut Lincoln Electric from a “buy” rating to a “hold” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $221.67.

Lincoln Electric Stock Up 2.5 %

Shares of LECO opened at $203.10 on Wednesday. The firm has a market cap of $11.56 billion, a P/E ratio of 21.56, a PEG ratio of 1.43 and a beta of 1.14. Lincoln Electric has a 12 month low of $164.00 and a 12 month high of $261.13. The stock’s 50 day moving average is $189.19 and its two-hundred day moving average is $202.54. The company has a current ratio of 2.06, a quick ratio of 1.31 and a debt-to-equity ratio of 0.84.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.44 EPS. Analysts predict that Lincoln Electric will post 8.95 earnings per share for the current fiscal year.

Insider Transactions at Lincoln Electric

In related news, SVP Michael J. Whitehead sold 1,100 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $175.96, for a total value of $193,556.00. Following the completion of the sale, the senior vice president now owns 11,178 shares of the company’s stock, valued at approximately $1,966,880.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.63% of the company’s stock.

Institutional Investors Weigh In On Lincoln Electric

A number of hedge funds have recently modified their holdings of the company. Ritholtz Wealth Management boosted its holdings in Lincoln Electric by 4.8% in the 3rd quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company’s stock valued at $250,000 after purchasing an additional 60 shares during the last quarter. Threadgill Financial LLC lifted its holdings 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 acquiring an additional 67 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Lincoln Electric by 174.4% in the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 68 shares during the period. Capital Advisors Ltd. LLC increased its stake in Lincoln Electric by 194.4% during the first quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 70 shares during the last quarter. Finally, Financial Counselors Inc. raised its position in Lincoln Electric by 0.3% in the first quarter. Financial Counselors Inc. now owns 26,125 shares of the industrial products company’s stock valued at $6,673,000 after purchasing an additional 71 shares during the period. 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.