ValuEngine upgraded shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

Other equities research analysts also recently issued research reports about the stock. FBR & Co reaffirmed an outperform rating on shares of Lincoln Electric Holdings in a research note on Tuesday, July 11th. Stifel Nicolaus reaffirmed a hold rating and set a $98.00 price target on shares of Lincoln Electric Holdings in a research note on Friday, July 14th. Robert W. Baird set a $91.00 price target on shares of Lincoln Electric Holdings and gave the company a hold rating in a research note on Thursday, August 24th. BidaskClub downgraded shares of Lincoln Electric Holdings from a buy rating to a hold rating in a research note on Saturday, August 12th. Finally, Zacks Investment Research downgraded shares of Lincoln Electric Holdings from a buy rating to a hold rating in a research note on Wednesday, July 19th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Lincoln Electric Holdings has a consensus rating of Hold and a consensus target price of $89.86.

Shares of Lincoln Electric Holdings (LECO) traded up 0.80% during midday trading on Wednesday, reaching $90.67. 454,947 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $87.01 and its 200-day moving average is $88.88. The stock has a market cap of $5.98 billion, a PE ratio of 26.21 and a beta of 0.98. Lincoln Electric Holdings has a 12-month low of $59.27 and a 12-month high of $97.97.

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

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The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, September 28th. Lincoln Electric Holdings’s dividend payout ratio is currently 40.46%.

In other news, VP Michele R. Kuhrt sold 3,080 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $88.55, for a total value of $272,734.00. Following the sale, the vice president now owns 14,449 shares of the company’s stock, valued at $1,279,458.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.27% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas grew its holdings in shares of Lincoln Electric Holdings by 0.3% in the second quarter. Teacher Retirement System of Texas now owns 4,727 shares of the industrial products company’s stock worth $435,000 after purchasing an additional 14 shares during the last quarter. Bbva Compass Bancshares Inc. grew its holdings in shares of Lincoln Electric Holdings by 0.5% in the second quarter. Bbva Compass Bancshares Inc. now owns 6,552 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 34 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Lincoln Electric Holdings by 1.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,067 shares of the industrial products company’s stock worth $651,000 after purchasing an additional 78 shares during the last quarter. US Bancorp DE grew its holdings in shares of Lincoln Electric Holdings by 0.4% in the first quarter. US Bancorp DE now owns 22,768 shares of the industrial products company’s stock worth $1,978,000 after purchasing an additional 90 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings in shares of Lincoln Electric Holdings by 0.3% in the second quarter. Lord Abbett & CO. LLC now owns 29,200 shares of the industrial products company’s stock worth $2,689,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 64.68% of the company’s stock.

About Lincoln Electric Holdings

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)

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