Lincoln Electric (NASDAQ:LECO) Price Target Raised to $253.00

Lincoln Electric (NASDAQ:LECO) had its price target hoisted by Stifel Nicolaus from $252.00 to $253.00 in a research report sent to investors on Friday, Marketbeat.com reports. The firm currently has a hold rating on the industrial products company’s stock.

A number of other brokerages also recently issued reports on LECO. Roth Mkm set a $285.00 price objective on shares of Lincoln Electric and gave the company a “buy” rating in a research report on Friday, October 31st. Zacks Research cut shares of Lincoln Electric from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Wall Street Zen downgraded shares of Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lincoln Electric in a research report on Wednesday, October 8th. Finally, Morgan Stanley reduced their target price on Lincoln Electric from $209.00 to $208.00 and set an “underweight” rating on the stock in a report on Monday, January 12th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $253.00.

Lincoln Electric Stock Down 1.0%

Shares of NASDAQ:LECO opened at $258.64 on Friday. The stock’s 50-day moving average is $244.33 and its 200 day moving average is $238.64. The company has a market cap of $14.23 billion, a PE ratio of 27.69, a P/E/G ratio of 1.62 and a beta of 1.26. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.71 and a quick ratio of 1.07. Lincoln Electric has a 1 year low of $161.11 and a 1 year high of $264.87.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Thursday, October 30th. The industrial products company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.08. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Lincoln Electric had a return on equity of 40.33% and a net margin of 12.56%.The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $2.14 EPS. Sell-side analysts anticipate that Lincoln Electric will post 9.36 EPS for the current year.

Institutional Trading of Lincoln Electric

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quent Capital LLC bought a new stake in Lincoln Electric in the third quarter worth $27,000. Frazier Financial Advisors LLC raised its position in shares of Lincoln Electric by 3,700.0% in the 3rd quarter. Frazier Financial Advisors LLC now owns 114 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 111 shares during the last quarter. Root Financial Partners LLC bought a new position in Lincoln Electric in the 3rd quarter worth about $31,000. Vermillion & White Wealth Management Group LLC grew its position in Lincoln Electric by 82.4% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 155 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its stake in Lincoln Electric by 3,860.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 198 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.

About Lincoln Electric

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.