Lincoln Electric Holdings Inc. (NASDAQ:LECO) shares gapped up prior to trading on Thursday . The stock had previously closed at $57.82, but opened at $57.99. Lincoln Electric Holdings shares last traded at $58.62, with a volume of 146,632 shares changing hands.

Several research analysts recently commented on the stock. Oppenheimer Holdings Inc. assumed coverage on shares of Lincoln Electric Holdings in a report on Tuesday, April 26th. They set a “market perform” rating for the company. William Blair assumed coverage on shares of Lincoln Electric Holdings in a report on Wednesday, April 13th. They set a “market perform” rating for the company. Royal Bank Of Canada restated a “sector perform” rating and set a $58.00 target price on shares of Lincoln Electric Holdings in a report on Wednesday, April 20th. Seaport Global Securities upgraded shares of Lincoln Electric Holdings from a “neutral” rating to a “buy” rating and increased their target price for the stock from $56.00 to $80.00 in a report on Wednesday, April 20th. Finally, TheStreet cut shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $63.17.

The stock has a market cap of $4.02 billion and a PE ratio of 38.14. The stock has a 50 day moving average of $59.64 and a 200-day moving average of $57.11.

Lincoln Electric Holdings (NASDAQ:LECO) last released its quarterly earnings data on Tuesday, April 19th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.08. The company earned $550.70 million during the quarter, compared to the consensus estimate of $560.34 million. The business’s revenue was down 16.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS. On average, equities research analysts anticipate that Lincoln Electric Holdings Inc. will post $3.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be paid a $0.32 dividend. The ex-dividend date is Tuesday, June 28th. This represents a $1.28 annualized dividend and a dividend yield of 2.19%.

Other hedge funds recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its stake in Lincoln Electric Holdings by 7.8% in the fourth quarter. Baillie Gifford & Co. now owns 5,239,209 shares of the company’s stock valued at $271,862,000 after buying an additional 376,974 shares in the last quarter. Russell Frank Co raised its stake in Lincoln Electric Holdings by 330.1% in the fourth quarter. Russell Frank Co now owns 376,564 shares of the company’s stock valued at $19,733,000 after buying an additional 289,013 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Lincoln Electric Holdings by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 537,456 shares of the company’s stock valued at $27,890,000 after buying an additional 35,359 shares in the last quarter. Schroder Investment Management Group raised its stake in Lincoln Electric Holdings by 2.9% in the fourth quarter. Schroder Investment Management Group now owns 851,568 shares of the company’s stock valued at $44,188,000 after buying an additional 23,600 shares in the last quarter. Finally, Alta Capital Management LLC raised its stake in Lincoln Electric Holdings by 5.1% in the fourth quarter. Alta Capital Management LLC now owns 315,067 shares of the company’s stock valued at $16,348,000 after buying an additional 15,258 shares in the last quarter.

Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. Welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company operates in five segments: North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group.

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