Lincoln Electric (LECO) Stock Rating Upgraded by BidaskClub

Lincoln Electric (NASDAQ:LECO) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Several other equities analysts have also commented on LECO. Zacks Investment Research lowered Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Barclays boosted their price target on Lincoln Electric from $90.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. B. Riley set a $115.00 price target on Lincoln Electric and gave the stock a “buy” rating in a research report on Thursday, February 15th. Seaport Global Securities reissued a “buy” rating and set a $110.00 price target on shares of Lincoln Electric in a research report on Thursday, February 15th. Finally, KeyCorp raised Lincoln Electric from a “sector weight” rating to an “overweight” rating in a research report on Monday, March 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $104.30.

NASDAQ LECO opened at $89.25 on Thursday. The stock has a market capitalization of $5.82 billion, a PE ratio of 22.15, a PEG ratio of 1.52 and a beta of 1.12. Lincoln Electric has a 1-year low of $81.48 and a 1-year high of $101.34. The company has a current ratio of 2.63, a quick ratio of 1.93 and a debt-to-equity ratio of 0.71.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings data on Monday, April 23rd. The industrial products company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.02. The business had revenue of $757.70 million for the quarter, compared to analyst estimates of $737.87 million. Lincoln Electric had a return on equity of 28.83% and a net margin of 9.01%. The company’s revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. sell-side analysts expect that Lincoln Electric will post 4.74 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in Lincoln Electric by 3.3% during the 1st quarter. BlackRock Inc. now owns 5,449,227 shares of the industrial products company’s stock worth $490,158,000 after purchasing an additional 175,658 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Lincoln Electric by 4.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,342,039 shares of the industrial products company’s stock worth $122,904,000 after purchasing an additional 55,905 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Lincoln Electric by 5.2% during the 1st quarter. Principal Financial Group Inc. now owns 896,122 shares of the industrial products company’s stock worth $80,605,000 after purchasing an additional 44,436 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in Lincoln Electric by 43.4% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 890,911 shares of the industrial products company’s stock worth $80,138,000 after purchasing an additional 269,550 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Lincoln Electric by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 540,485 shares of the industrial products company’s stock worth $48,617,000 after purchasing an additional 4,221 shares during the last quarter. Institutional investors own 67.02% of the company’s stock.

About Lincoln Electric

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's welding products include 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.

Analyst Recommendations for Lincoln Electric (NASDAQ:LECO)

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