Lincoln Electric Holdings, Inc. (NASDAQ:LECO)‘s stock had its “hold” rating reiterated by research analysts at Royal Bank Of Canada in a note issued to investors on Tuesday. They presently have a $93.00 price objective on the industrial products company’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 1.88% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus reissued a “hold” rating and issued a $88.00 price target (up from $86.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Zacks Investment Research raised shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Tuesday, June 20th. Deutsche Bank AG cut their price target on shares of Lincoln Electric Holdings from $100.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $82.00 price target (up from $75.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $84.71.

Lincoln Electric Holdings (LECO) traded down 0.54% during mid-day trading on Tuesday, reaching $91.28. 375,994 shares of the company’s stock traded hands. The company has a 50 day moving average price of $91.15 and a 200-day moving average price of $85.48. The stock has a market cap of $6.01 billion, a P/E ratio of 30.56 and a beta of 0.91. Lincoln Electric Holdings has a 12 month low of $56.02 and a 12 month high of $97.97.

Lincoln Electric Holdings (NASDAQ:LECO) last posted its quarterly earnings data on Tuesday, April 18th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.09. The firm had revenue of $580.90 million for the quarter, compared to the consensus estimate of $568.31 million. Lincoln Electric Holdings had a net margin of 8.70% and a return on equity of 30.17%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 EPS. On average, analysts anticipate that Lincoln Electric Holdings will post $3.67 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, June 28th. Lincoln Electric Holdings’s dividend payout ratio is currently 46.82%.

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In related news, VP Steven B. Hedlund sold 4,503 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $94.40, for a total value of $425,083.20. Following the sale, the vice president now directly owns 24,489 shares in the company, valued at approximately $2,311,761.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathryn Jo Lincoln sold 4,290 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $95.43, for a total value of $409,394.70. Following the completion of the sale, the director now owns 45,943 shares in the company, valued at $4,384,340.49. The disclosure for this sale can be found here. Insiders sold a total of 60,930 shares of company stock worth $5,529,686 over the last 90 days. 3.27% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. CT Mason boosted its stake in shares of Lincoln Electric Holdings by 0.3% in the first quarter. CT Mason now owns 11,706 shares of the industrial products company’s stock worth $1,017,000 after buying an additional 30 shares in the last quarter. US Bancorp DE boosted its stake in shares of Lincoln Electric Holdings by 0.4% in the first quarter. US Bancorp DE now owns 22,768 shares of the industrial products company’s stock worth $1,978,000 after buying an additional 90 shares in the last quarter. State Treasurer State of Michigan boosted its stake in shares of Lincoln Electric Holdings by 0.4% in the first quarter. State Treasurer State of Michigan now owns 25,100 shares of the industrial products company’s stock worth $2,180,000 after buying an additional 100 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of Lincoln Electric Holdings by 6.6% in the first quarter. Meadow Creek Investment Management LLC now owns 1,808 shares of the industrial products company’s stock worth $157,000 after buying an additional 112 shares in the last quarter. Finally, Albert D Mason Inc. boosted its stake in shares of Lincoln Electric Holdings by 1.2% in the first quarter. Albert D Mason Inc. now owns 10,205 shares of the industrial products company’s stock worth $886,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 64.35% of the company’s stock.

Lincoln Electric Holdings Company Profile

Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.

Analyst Recommendations for Lincoln Electric Holdings (NASDAQ:LECO)

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