Northcoast Research lowered shares of Lincoln Electric Holdings Inc. (NASDAQ:LECO) from a buy rating to a neutral rating in a research report report published on Tuesday.

Other research analysts also recently issued research reports about the company. TheStreet upgraded Lincoln Electric Holdings from a hold rating to a buy rating in a report on Wednesday, August 17th. Wunderlich reduced their price target on Lincoln Electric Holdings from $85.00 to $75.00 and set a buy rating on the stock in a report on Wednesday, July 20th. Barclays PLC boosted their price target on Lincoln Electric Holdings from $55.00 to $58.00 and gave the company an equal weight rating in a report on Wednesday, October 12th. Wellington Shields upgraded Lincoln Electric Holdings from a hold rating to a gradually accumulate rating in a report on Wednesday, August 3rd. Finally, Zacks Investment Research upgraded Lincoln Electric Holdings from a sell rating to a hold rating in a report on Friday, October 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $65.44.

Analyst Recommendations for Lincoln Electric Holdings (NASDAQ:LECO)

Shares of Lincoln Electric Holdings (NASDAQ:LECO) traded down 0.204% during midday trading on Tuesday, hitting $75.705. The company had a trading volume of 401,766 shares. Lincoln Electric Holdings has a 52 week low of $45.54 and a 52 week high of $78.08. The company has a market capitalization of $5.00 billion, a P/E ratio of 27.222 and a beta of 0.81. The firm’s 50 day moving average is $65.17 and its 200 day moving average is $62.34.

Lincoln Electric Holdings (NASDAQ:LECO) last released its quarterly earnings data on Friday, October 21st. The company reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.06. The firm had revenue of $567 million for the quarter, compared to the consensus estimate of $549.04 million. Lincoln Electric Holdings had a return on equity of 26.69% and a net margin of 8.50%. The company’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. Equities research analysts anticipate that Lincoln Electric Holdings will post $3.22 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Saturday, December 31st will be issued a $0.35 dividend. This is a positive change from Lincoln Electric Holdings’s previous quarterly dividend of $0.32. This represents a $1.40 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, December 28th. Lincoln Electric Holdings’s payout ratio is presently 46.04%.

In other Lincoln Electric Holdings news, VP George D. Blankenship sold 47,700 shares of the business’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $64.73, for a total transaction of $3,087,621.00. Following the completion of the sale, the vice president now directly owns 51,114 shares in the company, valued at approximately $3,308,609.22. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director David H. Gunning sold 8,000 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $77.55, for a total transaction of $620,400.00. Following the sale, the director now owns 12,799 shares of the company’s stock, valued at $992,562.45. The disclosure for this sale can be found here. 3.27% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in LECO. Huntington National Bank raised its stake in shares of Lincoln Electric Holdings by 19.2% in the third quarter. Huntington National Bank now owns 1,800 shares of the company’s stock worth $113,000 after buying an additional 290 shares in the last quarter. Johnson Financial Group Inc. raised its stake in shares of Lincoln Electric Holdings by 1.1% in the second quarter. Johnson Financial Group Inc. now owns 2,250 shares of the company’s stock worth $133,000 after buying an additional 25 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Lincoln Electric Holdings by 12.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,191 shares of the company’s stock worth $137,000 after buying an additional 235 shares in the last quarter. Riverhead Capital Management LLC raised 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 company’s stock worth $169,000 after buying an additional 1,028 shares in the last quarter. Finally, Taylor Cottrill Erickson & Associates Inc. bought a new stake in shares of Lincoln Electric Holdings during the second quarter worth $208,000. Institutional investors and hedge funds own 67.72% of the company’s stock.

Lincoln Electric Holdings Company Profile

Lincoln Electric Holdings, Inc a manufacturer of welding, cutting and brazing products. The Company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company’s operating segments include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group.

5 Day Chart for NASDAQ:LECO

Receive News & Stock 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 stocks with our FREE daily email newsletter.