Lincoln Electric (NASDAQ:LECO) was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued on Friday, The Fly reports.
LECO has been the topic of several other research reports. BidaskClub lowered shares of Waterstone Financial from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. Zacks Investment Research lowered shares of First Merchants from a “hold” rating to a “sell” rating in a research report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $93.89.
Shares of LECO stock opened at $80.69 on Friday. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 1.39 and a beta of 1.25. The company has a current ratio of 2.27, a quick ratio of 1.56 and a debt-to-equity ratio of 0.82. Lincoln Electric has a 52 week low of $72.28 and a 52 week high of $97.93. The stock has a 50-day moving average of $79.48.
Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Monday, April 22nd. The industrial products company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.06). The company had revenue of $759.17 million during the quarter, compared to the consensus estimate of $767.41 million. Lincoln Electric had a return on equity of 35.14% and a net margin of 9.83%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 EPS. As a group, analysts expect that Lincoln Electric will post 5.13 earnings per share for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of LECO. Norges Bank purchased a new position in shares of Lincoln Electric in the fourth quarter worth about $50,188,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Lincoln Electric by 232.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 349,432 shares of the industrial products company’s stock worth $29,307,000 after purchasing an additional 244,350 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Lincoln Electric by 136.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 413,462 shares of the industrial products company’s stock worth $32,601,000 after purchasing an additional 238,352 shares in the last quarter. FMR LLC increased its stake in shares of Lincoln Electric by 34,326.9% in the first quarter. FMR LLC now owns 140,806 shares of the industrial products company’s stock worth $11,810,000 after purchasing an additional 140,397 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Lincoln Electric by 26.3% in the fourth quarter. Northern Trust Corp now owns 642,595 shares of the industrial products company’s stock worth $50,669,000 after purchasing an additional 133,664 shares in the last quarter. Hedge funds and other institutional investors own 72.02% of the company’s stock.
Lincoln Electric Company Profile
Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.
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