BidaskClub Lowers Lincoln Electric (LECO) to Hold

Lincoln Electric (NASDAQ:LECO) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other research firms also recently issued reports on LECO. Barclays increased their price objective on shares of Lincoln Electric from $90.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Zacks Investment Research downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. FBR & Co reaffirmed a “buy” rating and set a $115.00 price objective (up from $105.00) on shares of Lincoln Electric in a report on Friday, October 27th. Stifel Nicolaus raised shares of Lincoln Electric from a “hold” rating to a “buy” rating and increased their price objective for the company from $97.00 to $116.00 in a report on Tuesday, January 16th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Lincoln Electric in a report on Friday, October 20th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Lincoln Electric presently has an average rating of “Hold” and an average target price of $103.38.

Shares of Lincoln Electric (NASDAQ LECO) opened at $86.82 on Friday. The company has a market cap of $5,708.94, a price-to-earnings ratio of 24.18, a P/E/G ratio of 1.70 and a beta of 1.04. The company has a current ratio of 2.55, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75. Lincoln Electric has a 52-week low of $81.39 and a 52-week high of $101.34.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. American International Group Inc. lifted its stake in shares of Lincoln Electric by 1.0% in the fourth quarter. American International Group Inc. now owns 127,990 shares of the industrial products company’s stock worth $11,721,000 after buying an additional 1,248 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lincoln Electric by 246.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 57,132 shares of the industrial products company’s stock worth $5,232,000 after buying an additional 40,632 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Lincoln Electric by 0.5% in the fourth quarter. BlackRock Inc. now owns 5,273,569 shares of the industrial products company’s stock worth $482,954,000 after buying an additional 27,984 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Lincoln Electric by 12.6% in the fourth quarter. Schroder Investment Management Group now owns 39,200 shares of the industrial products company’s stock worth $3,589,000 after buying an additional 4,400 shares in the last quarter. Finally, Bridges Investment Management Inc. purchased a new position in shares of Lincoln Electric in the fourth quarter worth about $563,000. 64.12% 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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