Lincoln Electric Holdings, Inc. (NASDAQ:LECO) was upgraded by Deutsche Bank AG from a “hold” rating to a “buy” rating in a note issued to investors on Friday, Marketbeat Ratings reports. The firm presently has a $100.00 price target on the industrial products company’s stock. Deutsche Bank AG’s price objective would suggest a potential upside of 13.75% from the company’s current price.

A number of other equities research analysts have also recently issued reports on LECO. BidaskClub cut Lincoln Electric Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research upgraded Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research report on Tuesday, June 20th. Barclays PLC reissued an “equal weight” rating and set a $82.00 price objective (up previously from $75.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Royal Bank Of Canada reissued a “hold” rating and set a $93.00 price objective on shares of Lincoln Electric Holdings in a report on Tuesday, June 27th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $88.00 price objective (up previously from $86.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Lincoln Electric Holdings presently has an average rating of “Hold” and a consensus target price of $89.67.

Lincoln Electric Holdings (LECO) traded up 1.06% during mid-day trading on Friday, reaching $87.91. 505,328 shares of the company’s stock traded hands. The company has a 50 day moving average price of $92.34 and a 200-day moving average price of $88.13. Lincoln Electric Holdings has a 12 month low of $59.27 and a 12 month high of $97.97. The stock has a market cap of $5.79 billion, a P/E ratio of 25.41 and a beta of 0.97.

Lincoln Electric Holdings (NASDAQ:LECO) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.03. The firm had revenue of $626.90 million for the quarter, compared to the consensus estimate of $620.28 million. Lincoln Electric Holdings had a net margin of 9.86% and a return on equity of 30.55%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 EPS. On average, analysts anticipate that Lincoln Electric Holdings will post $3.74 EPS for the current year.

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In other news, VP Gabriel Bruno sold 5,630 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $95.33, for a total value of $536,707.90. Following the sale, the vice president now directly owns 24,339 shares of the company’s stock, valued at $2,320,236.87. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Steven B. Hedlund sold 4,503 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $94.40, for a total value of $425,083.20. Following the completion of the sale, the vice president now directly owns 24,489 shares in the company, valued at $2,311,761.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,463 shares of company stock valued at $4,140,642. 3.27% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC boosted its stake in 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. Louisiana State Employees Retirement System boosted its stake in Lincoln Electric Holdings by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 15,600 shares of the industrial products company’s stock worth $1,355,000 after buying an additional 300 shares in the last quarter. SG Americas Securities LLC boosted its stake in Lincoln Electric Holdings by 64.7% in the first quarter. SG Americas Securities LLC now owns 20,724 shares of the industrial products company’s stock worth $1,800,000 after buying an additional 8,140 shares in the last quarter. Vanguard Group Inc. boosted its stake in Lincoln Electric Holdings by 5.2% in the first quarter. Vanguard Group Inc. now owns 5,382,545 shares of the industrial products company’s stock worth $467,527,000 after buying an additional 267,768 shares in the last quarter. Finally, KCG Holdings Inc. bought a new stake in Lincoln Electric Holdings during the first quarter worth approximately $803,000. 64.06% of the stock is currently owned by hedge funds and other institutional investors.

About Lincoln Electric Holdings

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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