Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Receives $296.00 Average PT from Analysts

Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) have earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $296.00.

Several equities research analysts have issued reports on LECO shares. Barclays boosted their price objective on shares of Lincoln Electric from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Robert W. Baird set a $330.00 price objective on shares of Lincoln Electric in a research report on Friday, February 13th. Stifel Nicolaus set a $275.00 price objective on shares of Lincoln Electric in a research report on Friday, May 1st. Weiss Ratings raised shares of Lincoln Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, April 16th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $250.00 price objective on shares of Lincoln Electric in a research report on Monday, May 4th.

Institutional Investors Weigh In On Lincoln Electric

Several large investors have recently modified their holdings of LECO. NewEdge Advisors LLC raised its holdings in shares of Lincoln Electric by 8.6% in the 1st quarter. NewEdge Advisors LLC now owns 2,477 shares of the industrial products company’s stock valued at $468,000 after purchasing an additional 197 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Lincoln Electric by 553.4% in the 1st quarter. Jones Financial Companies Lllp now owns 1,137 shares of the industrial products company’s stock valued at $215,000 after purchasing an additional 963 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Lincoln Electric by 8.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 362,561 shares of the industrial products company’s stock valued at $68,582,000 after purchasing an additional 29,505 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Lincoln Electric by 8.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 137,540 shares of the industrial products company’s stock valued at $26,017,000 after purchasing an additional 10,961 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Lincoln Electric by 980.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 255 shares in the last quarter. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Price Performance

LECO stock opened at $258.25 on Friday. Lincoln Electric has a 12 month low of $199.13 and a 12 month high of $310.00. The company has a current ratio of 1.83, a quick ratio of 1.15 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $259.67 and a 200 day moving average price of $259.67. The stock has a market cap of $14.15 billion, a PE ratio of 26.65, a P/E/G ratio of 1.59 and a beta of 1.21.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.08. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Lincoln Electric had a net margin of 12.38% and a return on equity of 39.33%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.16 EPS. Equities research analysts anticipate that Lincoln Electric will post 10.81 earnings per share for the current year.

Lincoln Electric Dividend Announcement

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

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.