Seaport Global Securities downgraded shares of Lincoln Electric (NASDAQ:LECO) from a buy rating to a neutral rating in a research report sent to investors on Wednesday morning, BenzingaRatingsTable reports. Seaport Global Securities also issued estimates for Lincoln Electric’s Q4 2019 earnings at $1.23 EPS, Q1 2020 earnings at $1.26 EPS, Q2 2020 earnings at $1.39 EPS, Q3 2020 earnings at $1.36 EPS, Q4 2020 earnings at $1.35 EPS and FY2020 earnings at $5.36 EPS.

Several other equities research analysts have also issued reports on the company. BidaskClub raised Lincoln Electric from a sell rating to a hold rating in a research report on Tuesday, September 10th. Robert W. Baird raised Lincoln Electric from a neutral rating to an outperform rating and raised their target price for the company from $93.00 to $100.00 in a research report on Friday, July 12th. Finally, Zacks Investment Research raised Lincoln Electric from a sell rating to a hold rating and set a $87.00 target price for the company in a research report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. Lincoln Electric currently has a consensus rating of Hold and an average target price of $95.56.

Shares of Lincoln Electric stock opened at $86.36 on Wednesday. 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 $5.48 billion, a PE ratio of 17.92, a P/E/G ratio of 1.56 and a beta of 1.23. The stock has a fifty day moving average price of $83.65 and a 200-day moving average price of $83.64. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.98 and a quick ratio of 1.28.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.02). Lincoln Electric had a net margin of 10.42% and a return on equity of 36.16%. The business had revenue of $777.01 million for the quarter, compared to analysts’ expectations of $786.03 million. During the same period in the prior year, the business earned $1.22 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, equities analysts anticipate that Lincoln Electric will post 5.04 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.88 annualized dividend and a dividend yield of 2.18%. Lincoln Electric’s payout ratio is 39.00%.

In other news, VP George D. Blankenship sold 53,305 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $82.67, for a total transaction of $4,406,724.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael Mintun sold 3,800 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $84.77, for a total value of $322,126.00. The disclosure for this sale can be found here. 3.39% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan boosted its stake in Lincoln Electric by 1.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,690 shares of the industrial products company’s stock worth $962,000 after purchasing an additional 120 shares during the period. Garrison Asset Management LLC boosted its stake in Lincoln Electric by 0.3% in the 2nd quarter. Garrison Asset Management LLC now owns 40,720 shares of the industrial products company’s stock worth $3,352,000 after purchasing an additional 122 shares during the period. Captrust Financial Advisors boosted its stake in Lincoln Electric by 12.6% in the 2nd quarter. Captrust Financial Advisors now owns 1,343 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 150 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Lincoln Electric by 4.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 3,950 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 159 shares during the period. Finally, GHP Investment Advisors Inc. boosted its stake in Lincoln Electric by 0.5% in the 1st quarter. GHP Investment Advisors Inc. now owns 29,677 shares of the industrial products company’s stock worth $2,489,000 after purchasing an additional 161 shares during the period. Institutional investors own 76.42% 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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