Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Receives $302.83 Average PT from Analysts

Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) have earned an average rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $302.8333.

LECO has been the topic of several research analyst reports. Zacks Research lowered Lincoln Electric from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Wall Street Zen cut Lincoln Electric from a “buy” rating to a “hold” rating in a report on Saturday. Stifel Nicolaus raised their price objective on shares of Lincoln Electric from $253.00 to $300.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Roth Mkm reiterated a “buy” rating and set a $297.00 target price (up from $285.00) on shares of Lincoln Electric in a research report on Tuesday, February 3rd. Finally, Morgan Stanley set a $240.00 target price on shares of Lincoln Electric and gave the stock an “underweight” rating in a research note on Tuesday, February 17th.

Institutional Investors Weigh In On Lincoln Electric

A number of hedge funds have recently added to or reduced their stakes in LECO. Quent Capital LLC acquired a new position in shares of Lincoln Electric during the third quarter worth approximately $27,000. Frazier Financial Advisors LLC increased its stake in Lincoln Electric by 3,700.0% during the 3rd quarter. Frazier Financial Advisors LLC now owns 114 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 111 shares in the last quarter. Elyxium Wealth LLC acquired a new position in Lincoln Electric during the fourth quarter worth $27,000. Root Financial Partners LLC bought a new position in shares of Lincoln Electric in the third quarter valued at $31,000. Finally, Vermillion & White Wealth Management Group LLC grew its holdings in shares of Lincoln Electric by 82.4% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 155 shares of the industrial products company’s stock valued at $32,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Trading Up 0.0%

NASDAQ:LECO opened at $287.09 on Thursday. Lincoln Electric has a 52 week low of $161.11 and a 52 week high of $310.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.16 and a current ratio of 1.82. The firm’s fifty day moving average is $267.30 and its 200-day moving average is $248.01. The firm has a market cap of $15.74 billion, a P/E ratio of 30.80, a P/E/G ratio of 1.78 and a beta of 1.24.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Thursday, February 12th. The industrial products company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.12. Lincoln Electric had a net margin of 12.30% and a return on equity of 39.35%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business earned $2.57 earnings per share. Lincoln Electric’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts expect that Lincoln Electric will post 9.36 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.79 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $3.16 annualized dividend and a dividend yield of 1.1%. Lincoln Electric’s dividend payout ratio (DPR) is currently 33.91%.

About Lincoln Electric

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.