Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) have received a consensus rating of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $99.00.

A number of research analysts recently issued reports on the company. B. Riley reiterated a “buy” rating on shares of Lincoln Electric in a report on Wednesday, November 1st. Barclays assumed coverage on Lincoln Electric in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $90.00 target price for the company. Zacks Investment Research lowered Lincoln Electric from a “buy” rating to a “hold” rating in a report on Thursday. FBR & Co reiterated a “buy” rating and issued a $115.00 target price (up from $105.00) on shares of Lincoln Electric in a report on Friday, October 27th. Finally, UBS Group upgraded Lincoln Electric from a “market perform” rating to an “outperform” rating in a report on Thursday, January 4th.

Lincoln Electric (NASDAQ LECO) traded up $1.75 during trading hours on Monday, reaching $97.47. The company had a trading volume of 501,502 shares, compared to its average volume of 394,897. The stock has a market capitalization of $6,410.00, a price-to-earnings ratio of 23.49, a PEG ratio of 1.92 and a beta of 1.08. Lincoln Electric has a 52-week low of $75.86 and a 52-week high of $99.59. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.55.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Friday, October 27th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). The company had revenue of $669.50 million during the quarter, compared to analysts’ expectations of $658.48 million. Lincoln Electric had a net margin of 11.34% and a return on equity of 28.97%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the business posted $0.89 earnings per share. equities analysts anticipate that Lincoln Electric will post 3.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.60%. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, December 28th. Lincoln Electric’s payout ratio is 37.59%.

A number of hedge funds and other institutional investors have recently made changes to their positions in LECO. Schwab Charles Investment Management Inc. lifted its holdings in Lincoln Electric by 3.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 203,377 shares of the industrial products company’s stock worth $18,729,000 after buying an additional 6,049 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Lincoln Electric by 21.3% during the 2nd quarter. Victory Capital Management Inc. now owns 18,096 shares of the industrial products company’s stock worth $1,666,000 after buying an additional 3,172 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Lincoln Electric by 111.8% during the 2nd quarter. Prudential Financial Inc. now owns 100,959 shares of the industrial products company’s stock worth $9,297,000 after buying an additional 53,303 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in Lincoln Electric by 11.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,533 shares of the industrial products company’s stock worth $325,000 after buying an additional 361 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Lincoln Electric by 11.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,435 shares of the industrial products company’s stock worth $224,000 after buying an additional 244 shares during the last quarter. 63.64% of the stock is owned by institutional investors.

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About Lincoln Electric

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.

Analyst Recommendations for Lincoln Electric (NASDAQ:LECO)

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