Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Receives $296.00 Consensus Target Price from Analysts

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $296.00.

LECO has been the topic of a number of recent analyst reports. Roth Mkm reiterated a “buy” rating and issued a $297.00 price objective (up from $285.00) on shares of Lincoln Electric in a research report on Tuesday, February 3rd. Robert W. Baird set a $330.00 price objective on Lincoln Electric in a research report on Friday, February 13th. Stifel Nicolaus set a $275.00 price objective on Lincoln Electric in a research report on Friday, May 1st. KeyCorp lifted their price objective on Lincoln Electric from $280.00 to $340.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Finally, Barclays lifted their price objective on Lincoln Electric from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th.

Lincoln Electric Price Performance

LECO opened at $260.92 on Tuesday. The stock’s 50 day simple moving average is $258.63 and its 200 day simple moving average is $255.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.83 and a quick ratio of 1.15. Lincoln Electric has a 1 year low of $188.65 and a 1 year high of $310.00. The firm has a market cap of $14.30 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 1.61 and a beta of 1.24.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.08. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. Lincoln Electric had a return on equity of 39.33% and a net margin of 12.38%.The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $2.16 EPS. As a group, analysts predict that Lincoln Electric will post 10.81 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, June 30th. Lincoln Electric’s dividend payout ratio (DPR) is currently 32.61%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quent Capital LLC purchased a new position in shares of Lincoln Electric in the 3rd quarter valued at approximately $27,000. Frazier Financial Advisors LLC lifted its stake in shares of Lincoln Electric by 3,700.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 114 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 111 shares during the period. Elyxium Wealth LLC purchased a new position in shares of Lincoln Electric in the 4th quarter valued at approximately $27,000. Root Financial Partners LLC purchased a new position in shares of Lincoln Electric in the 3rd quarter valued at approximately $31,000. Finally, Summit Securities Group LLC purchased a new position in shares of Lincoln Electric in the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.