Lincoln Electric Holdings Inc. (NASDAQ:LECO) has received a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the firm. Eight investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $66.13.

LECO has been the topic of several recent analyst reports. TheStreet raised shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th. Wunderlich dropped their target price on shares of Lincoln Electric Holdings from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 20th. Barclays PLC reissued an “equal weight” rating and set a $55.00 target price on shares of Lincoln Electric Holdings in a research report on Wednesday, July 27th. Wellington Shields raised shares of Lincoln Electric Holdings from a “hold” rating to a “gradually accumulate” rating in a research report on Wednesday, August 3rd. Finally, Deutsche Bank AG initiated coverage on shares of Lincoln Electric Holdings in a research report on Tuesday, September 6th. They set a “hold” rating and a $70.00 target price on the stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LECO. Macquarie Group Ltd. raised its position in Lincoln Electric Holdings by 29.8% in the second quarter. Macquarie Group Ltd. now owns 87,163 shares of the company’s stock worth $5,150,000 after buying an additional 20,002 shares in the last quarter. Nomura Holdings Inc. acquired a new position in Lincoln Electric Holdings during the second quarter worth $1,284,000. Mason Street Advisors LLC acquired a new position in Lincoln Electric Holdings during the second quarter worth $1,687,000. Calvert Investment Management Inc. raised its position in Lincoln Electric Holdings by 3.8% in the second quarter. Calvert Investment Management Inc. now owns 5,287 shares of the company’s stock worth $312,000 after buying an additional 194 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Lincoln Electric Holdings by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 180,861 shares of the company’s stock worth $10,686,000 after buying an additional 8,433 shares in the last quarter. Institutional investors and hedge funds own 65.28% of the company’s stock.

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Lincoln Electric Holdings (NASDAQ:LECO) traded down 0.08% during mid-day trading on Tuesday, reaching $61.08. The company’s stock had a trading volume of 110,789 shares. The firm has a 50 day moving average price of $63.28 and a 200 day moving average price of $60.75. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 59.71 and a beta of 1.18. Lincoln Electric Holdings has a 52-week low of $45.54 and a 52-week high of $65.33.

Lincoln Electric Holdings (NASDAQ:LECO) last released its quarterly earnings results on Monday, July 25th. The company reported $0.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.83. The business earned $592.40 million during the quarter, compared to the consensus estimate of $589.08 million. Lincoln Electric Holdings had a return on equity of 25.46% and a net margin of 3.11%. The company’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS. Equities research analysts anticipate that Lincoln Electric Holdings will post $3.24 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.28 dividend on an annualized basis and a yield of 2.09%. Lincoln Electric Holdings’s dividend payout ratio is 119.63%.

Lincoln Electric Holdings Company Profile

Lincoln Electric Holdings, Inc a manufacturer of welding, cutting and brazing products. The Company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company’s operating segments include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group.

5 Day Chart for NASDAQ:LECO

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