BidaskClub upgraded shares of Lincoln Electric (NASDAQ:LECO) from a sell rating to a hold rating in a research note issued to investors on Friday, BidAskClub reports.

Shares of NASDAQ LECO opened at $79.56 on Friday. 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 52 week low of $72.28 and a 52 week high of $97.93. The firm has a market capitalization of $5.00 billion, a P/E ratio of 16.51, a PEG ratio of 1.39 and a beta of 1.25.

Lincoln Electric (NASDAQ:LECO) last issued its earnings results on Monday, April 22nd. The industrial products company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.06). Lincoln Electric had a return on equity of 35.14% and a net margin of 9.83%. The firm had revenue of $759.17 million during the quarter, compared to analysts’ expectations of $767.41 million. During the same period in the previous year, the firm earned $1.10 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts anticipate that Lincoln Electric will post 5.19 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, June 27th. Lincoln Electric’s dividend payout ratio (DPR) is currently 39.00%.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc grew its stake in shares of Lincoln Electric by 1.5% during the third 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. Janney Montgomery Scott LLC boosted its stake in Lincoln Electric by 9.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,843 shares of the industrial products company’s stock valued at $697,000 after acquiring an additional 736 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Lincoln Electric by 8,249.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,034,567 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 2,010,198 shares during the last quarter. Comerica Bank boosted its stake in Lincoln Electric by 1.2% in the fourth quarter. Comerica Bank now owns 42,775 shares of the industrial products company’s stock valued at $3,686,000 after acquiring an additional 503 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. boosted its stake in Lincoln Electric by 37.5% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 6,265 shares of the industrial products company’s stock valued at $494,000 after acquiring an additional 1,709 shares during the last quarter. Institutional investors and hedge funds own 72.02% of the company’s stock.

Lincoln Electric Company Profile

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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