Lincoln Electric Holdings, Inc. (NASDAQ:LECO) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other equities analysts have also commented on the stock. Deutsche Bank AG reduced their target price on shares of Lincoln Electric Holdings from $100.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, April 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $78.00 target price on shares of Lincoln Electric Holdings in a research report on Monday, April 17th. Barclays PLC reaffirmed an “equal weight” rating and set a $82.00 target price (up from $75.00) on shares of Lincoln Electric Holdings in a research report on Saturday, April 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $88.00 target price (up from $86.00) on shares of Lincoln Electric Holdings in a research report on Saturday, April 22nd. Finally, Zacks Investment Research lowered shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $89.67.

Lincoln Electric Holdings (NASDAQ LECO) traded up 0.86% during trading on Friday, hitting $86.07. The stock had a trading volume of 396,218 shares. The firm has a market capitalization of $5.67 billion, a P/E ratio of 24.88 and a beta of 0.97. Lincoln Electric Holdings has a one year low of $59.27 and a one year high of $97.97. The stock has a 50 day moving average of $90.51 and a 200 day moving average of $88.35.

Lincoln Electric Holdings (NASDAQ:LECO) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.03. The business had revenue of $626.90 million for the quarter, compared to analyst estimates of $620.28 million. Lincoln Electric Holdings had a net margin of 9.86% and a return on equity of 30.55%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. Equities research analysts expect that Lincoln Electric Holdings will post $3.75 earnings per share for the current fiscal year.

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In related news, Director G Russell Lincoln sold 22,500 shares of Lincoln Electric Holdings stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $88.87, for a total transaction of $1,999,575.00. Following the transaction, the director now directly owns 248,032 shares of the company’s stock, valued at $22,042,603.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Thomas A. Flohn sold 8,540 shares of Lincoln Electric Holdings stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $90.15, for a total transaction of $769,881.00. Following the transaction, the senior vice president now directly owns 31,160 shares in the company, valued at $2,809,074. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,463 shares of company stock worth $4,140,642. 3.27% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of LECO. Meadow Creek Investment Management LLC raised its position 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 valued at $157,000 after buying an additional 112 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of 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 valued at $1,355,000 after buying an additional 300 shares during the last quarter. SG Americas Securities LLC raised its position in shares of 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 valued at $1,800,000 after buying an additional 8,140 shares during the last quarter. Vanguard Group Inc. raised its position in shares of 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 valued at $467,527,000 after buying an additional 267,768 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new position in shares of Lincoln Electric Holdings during the first quarter valued at about $803,000. 64.10% of the stock is currently owned by 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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