Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $99.00.

A number of analysts have issued reports on LECO shares. Oppenheimer reissued a “hold” rating on shares of Lincoln Electric in a research report on Tuesday, December 12th. Stifel Nicolaus cut their target price on Lincoln Electric from $100.00 to $92.00 and set a “hold” rating on the stock in a research report on Monday, October 30th. Zacks Investment Research lowered Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Royal Bank of Canada reissued a “hold” rating on shares of Lincoln Electric in a research report on Monday, October 30th. Finally, Barclays started coverage on Lincoln Electric in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $90.00 target price on the stock.

Shares of Lincoln Electric (NASDAQ LECO) opened at $94.99 on Monday. The company has a market cap of $6,246.13, a P/E ratio of 22.83, a PEG ratio of 1.92 and a beta of 1.08. The company has a current ratio of 2.55, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75. Lincoln Electric has a 12-month low of $75.86 and a 12-month high of $99.59.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). The firm had revenue of $669.50 million for the quarter, compared to analysts’ expectations of $658.48 million. Lincoln Electric had a net margin of 11.34% and a return on equity of 28.97%. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS. analysts forecast that Lincoln Electric will post 3.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.39 dividend. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.56 annualized dividend and a dividend yield of 1.64%. Lincoln Electric’s payout ratio is 37.50%.

Several large investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its stake in shares of Lincoln Electric 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 acquiring an additional 78 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Lincoln Electric 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 acquiring an additional 100 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Lincoln Electric by 1.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 10,811 shares of the industrial products company’s stock worth $639,000 after acquiring an additional 168 shares in the last quarter. Commerce Bank grew its stake in shares of Lincoln Electric by 9.3% in the second quarter. Commerce Bank now owns 2,755 shares of the industrial products company’s stock worth $254,000 after acquiring an additional 235 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Lincoln Electric by 11.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,435 shares of the industrial products company’s stock worth $224,000 after acquiring an additional 244 shares in the last quarter. Institutional investors and hedge funds own 63.64% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2018/01/08/lincoln-electric-holdings-inc-leco-given-average-rating-of-hold-by-brokerages.html.

About Lincoln Electric

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 (NASDAQ:LECO)

Receive News & Stock Ratings for Lincoln Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln Electric and related stocks with our FREE daily email newsletter.