Lincoln Electric Holdings Inc. (NASDAQ:LECO)’s share price shot up 1.9% during trading on Monday . The stock traded as high as $62.80 and last traded at $62.70, with a volume of 561,104 shares. The stock had previously closed at $61.55.

Several research firms recently commented on LECO. Wunderlich reduced their price target on Lincoln Electric Holdings from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 20th. Barclays PLC reduced their price target on Lincoln Electric Holdings from $54.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Monday, July 11th. TheStreet lowered Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 24th. Zacks Investment Research lowered Lincoln Electric Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, June 21st. Finally, Oppenheimer Holdings Inc. began coverage on Lincoln Electric Holdings in a research report on Tuesday, April 26th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $65.14.

The firm has a market cap of $4.30 billion and a P/E ratio of 40.82. The stock’s 50-day moving average price is $59.89 and its 200 day moving average price is $57.72.

Lincoln Electric Holdings (NASDAQ:LECO) last released its quarterly earnings data on Monday, July 25th. The company reported $0.83 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.83. The company had revenue of $592.40 million for the quarter, compared to the consensus estimate of $589.08 million. Lincoln Electric Holdings’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. On average, equities research analysts anticipate that Lincoln Electric Holdings Inc. will post $3.31 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.05%.

Several institutional investors recently added to or reduced their stakes in LECO. California Public Employees Retirement System boosted its position in Lincoln Electric Holdings by 2.7% in the fourth quarter. California Public Employees Retirement System now owns 127,300 shares of the company’s stock worth $6,606,000 after buying an additional 3,300 shares during the period. New York State Common Retirement Fund boosted its position in shares of Lincoln Electric Holdings by 1.1% in the fourth quarter. New York State Common Retirement Fund now owns 219,960 shares of the company’s stock valued at $11,414,000 after buying an additional 2,360 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its position in shares of Lincoln Electric Holdings by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 43,880 shares of the company’s stock valued at $2,276,000 after buying an additional 14,887 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Lincoln Electric Holdings by 13.1% in the fourth quarter. Bank of Montreal Can now owns 72,724 shares of the company’s stock valued at $3,774,000 after buying an additional 8,413 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of 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 during the last quarter.

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

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