Lincoln Electric (NASDAQ:LECO) had its price target boosted by stock analysts at Barclays from $90.00 to $96.00 in a research note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the industrial products company’s stock. Barclays’ price objective points to a potential downside of 3.19% from the company’s previous close.
Other analysts have also issued research reports about the stock. FBR & Co reaffirmed a “buy” rating and set a $115.00 target price (up previously from $105.00) on shares of Lincoln Electric in a report on Friday, October 27th. Zacks Investment Research raised shares of Lincoln Electric from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Tuesday, October 31st. B. Riley reissued a “buy” rating on shares of Lincoln Electric in a research note on Wednesday, November 1st. Stifel Nicolaus raised shares of Lincoln Electric from a “hold” rating to a “buy” rating and boosted their price target for the stock from $97.00 to $116.00 in a research note on Tuesday, January 16th. Finally, ValuEngine cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $103.38.
Lincoln Electric (NASDAQ LECO) traded down $0.41 during trading on Wednesday, reaching $99.16. 90,002 shares of the company were exchanged, compared to its average volume of 410,388. The company has a quick ratio of 1.83, a current ratio of 2.55 and a debt-to-equity ratio of 0.75. The company has a market cap of $6,547.29, a price-to-earnings ratio of 23.84, a PEG ratio of 1.97 and a beta of 1.08. Lincoln Electric has a twelve month low of $81.39 and a twelve month high of $101.34.
Several institutional investors have recently made changes to their positions in LECO. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Lincoln Electric in the 2nd quarter valued at $219,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Lincoln Electric in the 3rd quarter valued at $219,000. Cubist Systematic Strategies LLC boosted its stake in shares of Lincoln Electric by 311.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,470 shares of the industrial products company’s stock valued at $227,000 after purchasing an additional 1,870 shares in the last quarter. South Dakota Investment Council purchased a new stake in shares of Lincoln Electric in the 3rd quarter valued at $248,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Lincoln Electric in the 2nd quarter valued at $280,000. 63.93% of the stock is owned by institutional investors.
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Lincoln Electric Company Profile
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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