ValuEngine cut shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) from a buy rating to a hold rating in a research note issued to investors on Monday.

Several other research firms have also issued reports on LECO. BidaskClub lowered shares of Lincoln Electric Holdings from a buy rating to a hold rating in a research note on Saturday, August 12th. FBR & Co reissued a buy rating on shares of Lincoln Electric Holdings in a research note on Monday, August 21st. Royal Bank Of Canada reissued a hold rating and set a $93.00 target price on shares of Lincoln Electric Holdings in a research note on Tuesday, June 27th. Zacks Investment Research lowered shares of Lincoln Electric Holdings from a buy rating to a hold rating in a research note on Wednesday, July 19th. Finally, Deutsche Bank AG raised shares of Lincoln Electric Holdings from a hold rating to a buy rating and set a $100.00 target price on the stock in a research note on Friday, August 4th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Lincoln Electric Holdings presently has a consensus rating of Hold and an average price target of $88.86.

Lincoln Electric Holdings (NASDAQ:LECO) traded down 0.04% during midday trading on Monday, reaching $94.07. The company’s stock had a trading volume of 60,955 shares. The stock’s 50 day moving average price is $89.01 and its 200-day moving average price is $89.44. Lincoln Electric Holdings has a one year low of $61.04 and a one year high of $97.97. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 27.19 and a beta of 1.01.

Lincoln Electric Holdings (NASDAQ:LECO) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.03. Lincoln Electric Holdings had a net margin of 9.86% and a return on equity of 30.55%. The business had revenue of $626.90 million for the quarter, compared to analyst estimates of $620.28 million. During the same period in the prior year, the company posted $0.83 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts forecast that Lincoln Electric Holdings will post $3.75 EPS for the current fiscal year.

WARNING: “Lincoln Electric Holdings, Inc. (LECO) Downgraded by ValuEngine” was first published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.watchlistnews.com/lincoln-electric-holdings-inc-leco-downgraded-by-valuengine/1610335.html.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, September 28th. Lincoln Electric Holdings’s dividend payout ratio is presently 40.46%.

In related news, VP Michele R. Kuhrt sold 3,080 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $88.55, for a total value of $272,734.00. Following the transaction, the vice president now directly owns 14,449 shares of the company’s stock, valued at approximately $1,279,458.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.27% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in Lincoln Electric Holdings by 4.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,270,096 shares of the industrial products company’s stock valued at $116,964,000 after buying an additional 59,464 shares in the last quarter. Tradition Capital Management LLC lifted its stake in Lincoln Electric Holdings by 1,469.7% in the 2nd quarter. Tradition Capital Management LLC now owns 45,426 shares of the industrial products company’s stock valued at $4,183,000 after buying an additional 42,532 shares in the last quarter. Bbva Compass Bancshares Inc. lifted its stake in Lincoln Electric Holdings by 0.5% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 6,552 shares of the industrial products company’s stock valued at $603,000 after buying an additional 34 shares in the last quarter. Prudential Financial Inc. lifted its stake in Lincoln Electric Holdings by 111.8% in the 2nd quarter. Prudential Financial Inc. now owns 100,959 shares of the industrial products company’s stock valued at $9,297,000 after buying an additional 53,303 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Lincoln Electric Holdings by 21.3% in the 2nd quarter. Victory Capital Management Inc. now owns 18,096 shares of the industrial products company’s stock valued at $1,666,000 after buying an additional 3,172 shares in the last quarter. 63.93% of the stock is currently 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Lincoln Electric Holdings (NASDAQ:LECO)

Receive News & Ratings for Lincoln Electric Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln Electric Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.