KeyCorp reissued their hold rating on shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in a report published on Friday morning.

Several other research firms also recently weighed in on LECO. Zacks Investment Research upgraded Lincoln Electric Holdings from a hold rating to a buy rating and set a $108.00 target price on the stock in a research report on Tuesday, June 20th. BidaskClub downgraded Lincoln Electric Holdings from a strong-buy rating to a buy rating in a research report on Monday, July 24th. Stifel Nicolaus reiterated a hold rating and set a $98.00 target price on shares of Lincoln Electric Holdings in a research report on Friday, July 14th. FBR & Co reiterated an outperform rating on shares of Lincoln Electric Holdings in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada reiterated a hold rating and set a $93.00 target price on shares of Lincoln Electric Holdings in a research report on Tuesday, June 27th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $89.86.

Shares of Lincoln Electric Holdings (LECO) opened at 85.68 on Friday. The firm has a market cap of $5.65 billion, a P/E ratio of 24.76 and a beta of 0.97. The firm’s 50-day moving average price is $88.91 and its 200 day moving average price is $88.55. Lincoln Electric Holdings has a one year low of $59.27 and a one year high of $97.97.

Lincoln Electric Holdings (NASDAQ:LECO) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.03. Lincoln Electric Holdings had a return on equity of 30.11% and a net margin of 9.78%. The company had revenue of $626.90 million during the quarter, compared to analyst estimates of $620.28 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. Lincoln Electric Holdings’s revenue was up 5.8% compared to the same quarter last year. Analysts predict that Lincoln Electric Holdings will post $3.75 EPS for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.40 annualized dividend and a yield of 1.63%. Lincoln Electric Holdings’s dividend payout ratio (DPR) is presently 40.46%.

In other news, SVP Thomas A. Flohn sold 8,540 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $90.15, for a total value of $769,881.00. Following the transaction, the senior vice president now directly owns 31,160 shares in the company, valued at $2,809,074. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathryn Jo Lincoln sold 4,290 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $95.43, for a total value of $409,394.70. Following the completion of the transaction, the director now owns 45,943 shares in the company, valued at $4,384,340.49. The disclosure for this sale can be found here. Insiders sold 22,963 shares of company stock worth $2,141,067 over the last 90 days. Company insiders own 3.27% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Bbva Compass Bancshares Inc. acquired a new position in shares of Lincoln Electric Holdings during the first quarter valued at approximately $566,000. Flinton Capital Management LLC increased its position in shares of Lincoln Electric Holdings by 6.6% in the first quarter. Flinton Capital Management LLC now owns 3,842 shares of the industrial products company’s stock valued at $334,000 after buying an additional 238 shares during the last quarter. First Trust Advisors LP increased its position in shares of Lincoln Electric Holdings by 232.0% in the first quarter. First Trust Advisors LP now owns 229,765 shares of the industrial products company’s stock valued at $19,957,000 after buying an additional 160,556 shares during the last quarter. CT Mason increased its position in shares of Lincoln Electric Holdings by 0.3% in the first quarter. CT Mason now owns 11,706 shares of the industrial products company’s stock valued at $1,017,000 after buying an additional 30 shares during the last quarter. Finally, Albert D Mason Inc. increased its position in shares of Lincoln Electric Holdings by 1.2% in the first quarter. Albert D Mason Inc. now owns 10,205 shares of the industrial products company’s stock valued at $886,000 after buying an additional 120 shares during the last quarter. Institutional investors and hedge funds own 64.46% of the company’s stock.

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.

Analyst Recommendations for Lincoln Electric Holdings (NASDAQ:LECO)

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