Lincoln Electric (NASDAQ:LECO)‘s stock had its “hold” rating restated by equities research analysts at Oppenheimer in a research report issued on Tuesday.

Other equities research analysts have also issued research reports about the company. B. Riley reaffirmed a “buy” rating on shares of Lincoln Electric in a research report on Wednesday, November 1st. Barclays began coverage on Lincoln Electric in a research report on Tuesday. They issued an “equal weight” rating and a $90.00 target price on the stock. Robert W. Baird set a $91.00 target price on Lincoln Electric and gave the company a “hold” rating in a research report on Thursday, August 24th. FBR & Co reissued a “buy” rating and issued a $115.00 target price (up previously from $105.00) on shares of Lincoln Electric in a research report on Friday, October 27th. Finally, Stifel Nicolaus dropped their target price on Lincoln Electric from $100.00 to $92.00 and set a “hold” rating on the stock in a research report on Monday, October 30th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $97.57.

Lincoln Electric (NASDAQ LECO) traded down $1.40 during midday trading on Tuesday, hitting $90.89. The stock had a trading volume of 296,600 shares, compared to its average volume of 372,803. The firm has a market capitalization of $6,068.59, a price-to-earnings ratio of 25.71, a P/E/G ratio of 2.34 and a beta of 1.08. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.55. Lincoln Electric has a 52 week low of $75.86 and a 52 week high of $99.59.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). The business had revenue of $669.50 million for the quarter, compared to analyst estimates of $658.48 million. Lincoln Electric had a return on equity of 28.97% and a net margin of 11.34%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 EPS. analysts anticipate that Lincoln Electric will post 3.76 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its stake in Lincoln Electric by 95.1% in the third quarter. Public Employees Retirement System of Ohio now owns 46,256 shares of the industrial products company’s stock valued at $4,241,000 after purchasing an additional 22,546 shares in the last quarter. California Public Employees Retirement System grew its stake in Lincoln Electric by 8.4% in the third quarter. California Public Employees Retirement System now owns 146,726 shares of the industrial products company’s stock valued at $13,452,000 after purchasing an additional 11,426 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Lincoln Electric by 731.7% in the third quarter. Cubist Systematic Strategies LLC now owns 20,542 shares of the industrial products company’s stock valued at $1,883,000 after purchasing an additional 18,072 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Lincoln Electric in the third quarter valued at approximately $7,875,000. Finally, Vident Investment Advisory LLC grew its stake in Lincoln Electric by 65.8% in the third quarter. Vident Investment Advisory LLC now owns 142,838 shares of the industrial products company’s stock valued at $13,095,000 after purchasing an additional 56,672 shares in the last quarter. 63.66% of the stock is currently owned by institutional investors and hedge funds.

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About Lincoln Electric

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 (NASDAQ:LECO)

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