Lincoln Electric (NASDAQ:LECO) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.

Several other equities analysts have also recently weighed in on the company. Jefferies Financial Group started coverage on Lincoln Electric in a research note on Friday, January 25th. They set a “buy” rating and a $100.00 price objective on the stock. Vertical Research cut Lincoln Electric from a “hold” rating to a “sell” rating and set a $80.00 price objective on the stock. in a research note on Friday, February 15th. Wellington Shields cut Lincoln Electric from a “gradually accumulate” rating to a “hold” rating and set a $97.00 price objective on the stock. in a research note on Friday, February 15th. Finally, Zacks Investment Research upgraded Lincoln Electric from a “sell” rating to a “hold” rating in a research note on Monday, January 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $94.75.

Shares of NASDAQ:LECO opened at $81.19 on Tuesday. The company has a current ratio of 2.27, a quick ratio of 1.56 and a debt-to-equity ratio of 0.82. Lincoln Electric has a 1-year low of $72.28 and a 1-year high of $97.93. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 1.41 and a beta of 1.19.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Monday, April 22nd. The industrial products company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.06). Lincoln Electric had a net margin of 9.83% and a return on equity of 35.14%. The company had revenue of $759.17 million for the quarter, compared to the consensus estimate of $767.41 million. During the same quarter last year, the business posted $1.10 earnings per share. Lincoln Electric’s revenue was up .2% on a year-over-year basis. As a group, sell-side analysts forecast that Lincoln Electric will post 5.21 earnings per share for the current year.

In other news, Chairman Christopher L. Mapes sold 12,503 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $87.50, for a total transaction of $1,094,012.50. Following the completion of the sale, the chairman now directly owns 231,232 shares of the company’s stock, valued at approximately $20,232,800. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Geoffrey P. Allman sold 792 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $87.54, for a total value of $69,331.68. Following the sale, the senior vice president now directly owns 8,432 shares of the company’s stock, valued at $738,137.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,826 shares of company stock valued at $1,376,530. Insiders own 3.39% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Lincoln Electric by 1.3% during the 4th quarter. BlackRock Inc. now owns 6,023,122 shares of the industrial products company’s stock valued at $474,926,000 after purchasing an additional 75,137 shares during the last quarter. Vanguard Group Inc increased its position in shares of Lincoln Electric by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 6,003,585 shares of the industrial products company’s stock valued at $560,975,000 after purchasing an additional 89,009 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Lincoln Electric by 8,249.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,034,567 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 2,010,198 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt increased its position in shares of Lincoln Electric by 3.6% during the 4th quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,450,000 shares of the industrial products company’s stock valued at $112,027,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Keybank National Association OH increased its position in shares of Lincoln Electric by 0.8% during the 1st quarter. Keybank National Association OH now owns 1,362,557 shares of the industrial products company’s stock valued at $114,278,000 after purchasing an additional 10,328 shares during the last quarter. 72.08% of the stock is owned by hedge funds and other institutional investors.

About Lincoln Electric

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

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Analyst Recommendations for Lincoln Electric (NASDAQ:LECO)

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