Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) have been given a consensus rating of “Hold” by the twelve brokerages that are presently covering the company. Nine investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $76.67.
Several research analysts have recently weighed in on LECO shares. Stifel Nicolaus lifted their price target on shares of Lincoln Electric Holdings from $84.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, March 27th. Longbow Research upgraded shares of Lincoln Electric Holdings from an “underperform” rating to a “neutral” rating in a research report on Wednesday, February 15th. Zacks Investment Research upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Tuesday, February 7th. Finally, Royal Bank of Canada restated a “hold” rating and set a $78.00 price objective on shares of Lincoln Electric Holdings in a research report on Monday.
Lincoln Electric Holdings (NASDAQ:LECO) traded down 0.24% during midday trading on Tuesday, hitting $87.74. The company had a trading volume of 164,430 shares. The firm has a market capitalization of $5.76 billion, a P/E ratio of 30.15 and a beta of 0.88. Lincoln Electric Holdings has a 52 week low of $56.02 and a 52 week high of $88.75. The firm’s 50 day moving average is $86.14 and its 200-day moving average is $78.47.
Lincoln Electric Holdings (NASDAQ:LECO) last issued its quarterly earnings results on Tuesday, April 18th. The industrial products company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.09. The business had revenue of $580.90 million for the quarter, compared to analysts’ expectations of $568.31 million. Lincoln Electric Holdings had a net margin of 8.50% and a return on equity of 26.69%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 EPS. On average, equities research analysts expect that Lincoln Electric Holdings will post $3.46 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a $0.35 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.40 annualized dividend and a yield of 1.59%. Lincoln Electric Holdings’s dividend payout ratio (DPR) is 50.36%.
In other news, VP Geoffrey P. Allman sold 5,270 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $85.23, for a total value of $449,162.10. Following the completion of the sale, the vice president now owns 6,570 shares of the company’s stock, valued at approximately $559,961.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Frederick G. Stueber sold 14,480 shares of the company’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $85.07, for a total transaction of $1,231,813.60. Following the completion of the sale, the vice president now directly owns 35,225 shares of the company’s stock, valued at approximately $2,996,590.75. The disclosure for this sale can be found here. 3.27% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Johnson Financial Group Inc. boosted its stake in shares of Lincoln Electric Holdings by 157.1% in the fourth quarter. Johnson Financial Group Inc. now owns 2,250 shares of the industrial products company’s stock valued at $173,000 after buying an additional 1,375 shares during the last quarter. Park National Corp OH acquired a new stake in shares of Lincoln Electric Holdings during the first quarter valued at $206,000. Riverhead Capital Management LLC boosted its stake in shares of Lincoln Electric Holdings by 61.5% in the third quarter. Riverhead Capital Management LLC now owns 2,700 shares of the industrial products company’s stock valued at $169,000 after buying an additional 1,028 shares during the last quarter. Cutter & CO Brokerage Inc. acquired a new stake in shares of Lincoln Electric Holdings during the fourth quarter valued at $207,000. Finally, Tyers Asset Management LLC acquired a new stake in shares of Lincoln Electric Holdings during the fourth quarter valued at $228,000. 66.32% of the stock is owned by hedge funds and other institutional investors.
Lincoln Electric Holdings Company Profile
Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.
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