Lincoln Electric (LECO) Stock Rating Upgraded by UBS Group

Lincoln Electric (NASDAQ:LECO) was upgraded by stock analysts at UBS Group from a “market perform” rating to an “outperform” rating in a report released on Thursday, The Fly reports.

Other analysts also recently issued research reports about the stock. FBR & Co reissued a “buy” rating and set a $115.00 price target (up previously from $105.00) on shares of Lincoln Electric in a research report on Friday, October 27th. Zacks Investment Research raised shares of Lincoln Electric from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a research report on Tuesday, September 26th. ValuEngine raised shares of Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, September 13th. B. Riley reissued a “buy” rating on shares of Lincoln Electric in a research report on Wednesday, November 1st. Finally, Barclays started coverage on shares of Lincoln Electric in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $90.00 price objective for the company. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $97.57.

Shares of Lincoln Electric (NASDAQ:LECO) opened at $92.39 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.55 and a quick ratio of 1.83. Lincoln Electric has a 1 year low of $75.86 and a 1 year high of $99.59. The stock has a market cap of $6,060.04, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 2.05 and a beta of 1.08.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). Lincoln Electric had a net margin of 11.34% and a return on equity of 28.97%. The firm had revenue of $669.50 million during the quarter, compared to analyst estimates of $658.48 million. During the same period last year, the business earned $0.89 EPS. The firm’s revenue was up 17.9% compared to the same quarter last year. equities research analysts forecast that Lincoln Electric will post 3.75 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of LECO. Huntington National Bank raised its stake in shares of Lincoln Electric by 19.2% during the third quarter. Huntington National Bank now owns 1,800 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 290 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in Lincoln Electric 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 acquiring an additional 112 shares in the last quarter. Riverhead Capital Management LLC raised its position in Lincoln Electric by 61.5% in the third quarter. Riverhead Capital Management LLC now owns 2,700 shares of the industrial products company’s stock worth $169,000 after acquiring an additional 1,028 shares in the last quarter. Johnson Financial Group Inc. raised its position in Lincoln Electric by 157.1% in the fourth quarter. Johnson Financial Group Inc. now owns 2,250 shares of the industrial products company’s stock worth $173,000 after acquiring an additional 1,375 shares in the last quarter. Finally, BlueMountain Capital Management LLC bought a new stake in Lincoln Electric in the second quarter worth about $179,000. Institutional investors own 63.64% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Lincoln Electric (NASDAQ:LECO)

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