Lincoln Electric Holdings, Inc. (LECO) Stock Rating Reaffirmed by Oppenheimer Holdings Inc.
Lincoln Electric Holdings, Inc. (NASDAQ:LECO)‘s stock had its “hold” rating restated by research analysts at Oppenheimer Holdings Inc. in a report issued on Monday.
Other equities research analysts also recently issued reports about the company. FBR & Co reiterated an “outperform” rating on shares of Lincoln Electric Holdings in a report on Tuesday, July 11th. Stifel Nicolaus reduced their price objective on Lincoln Electric Holdings from $100.00 to $92.00 and set a “hold” rating on the stock in a report on Monday. Robert W. Baird set a $91.00 price objective on Lincoln Electric Holdings and gave the stock a “hold” rating in a report on Thursday, August 24th. BidaskClub downgraded Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research downgraded Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Twelve research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Lincoln Electric Holdings presently has a consensus rating of “Hold” and a consensus price target of $97.14.
Lincoln Electric Holdings (NASDAQ LECO) traded down 1.95% during trading on Monday, hitting $90.55. The stock had a trading volume of 714,232 shares. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 26.17 and a beta of 1.01. The stock has a 50 day moving average price of $93.31 and a 200-day moving average price of $90.66. Lincoln Electric Holdings has a 12 month low of $63.49 and a 12 month high of $99.59.
Lincoln Electric Holdings (NASDAQ:LECO) last issued its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.01). Lincoln Electric Holdings had a return on equity of 30.48% and a net margin of 11.34%. The business had revenue of $669.50 million during the quarter, compared to analysts’ expectations of $658.48 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, equities analysts predict that Lincoln Electric Holdings will post $3.76 EPS for the current year.
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In other Lincoln Electric Holdings news, VP Michele R. Kuhrt sold 3,080 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $88.55, for a total transaction of $272,734.00. Following the transaction, the vice president now directly owns 14,449 shares in the company, valued at approximately $1,279,458.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.27% of the company’s stock.
Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Lincoln Electric Holdings by 4.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,270,096 shares of the industrial products company’s stock valued at $116,964,000 after acquiring an additional 59,464 shares during the period. FMR LLC purchased a new position in shares of Lincoln Electric Holdings in the 2nd quarter valued at $23,713,000. The Manufacturers Life Insurance Company increased its holdings in shares of Lincoln Electric Holdings by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 91,019 shares of the industrial products company’s stock valued at $8,381,000 after acquiring an additional 1,739 shares during the period. Tradition Capital Management LLC increased its holdings in shares of Lincoln Electric Holdings by 1,469.7% in the 2nd quarter. Tradition Capital Management LLC now owns 45,426 shares of the industrial products company’s stock valued at $4,183,000 after acquiring an additional 42,532 shares during the period. Finally, Bbva Compass Bancshares Inc. increased its holdings in shares of Lincoln Electric Holdings by 0.5% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 6,552 shares of the industrial products company’s stock valued at $603,000 after acquiring an additional 34 shares during the period. Institutional investors and hedge funds own 60.60% of the company’s stock.
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.
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