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

A number of research analysts have weighed in on LECO shares. KeyCorp upgraded shares of Lincoln Electric Holdings from a “sector weight” rating to an “overweight” rating and set a $68.00 price objective for the company in a research report on Monday, April 4th. Barclays PLC decreased their price objective on shares of Lincoln Electric Holdings from $51.00 to $50.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 13th. William Blair assumed coverage on shares of Lincoln Electric Holdings in a research note on Wednesday, April 13th. They set a “market perform” rating for the company. Stifel Nicolaus boosted their target price on shares of Lincoln Electric Holdings from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, April 20th. Finally, Seaport Global Securities raised shares of Lincoln Electric Holdings from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $56.00 to $80.00 in a research note on Wednesday, April 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Lincoln Electric Holdings presently has an average rating of “Hold” and a consensus price target of $65.14.

The stock’s 50 day moving average is $59.99 and its 200 day moving average is $58.00. The firm has a market capitalization of $4.27 billion and a P/E ratio of 40.53.

Lincoln Electric Holdings (NASDAQ:LECO) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. The business had revenue of $592.40 million for the quarter, compared to the consensus estimate of $589.08 million. Lincoln Electric Holdings’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 earnings per share. Equities analysts expect that Lincoln Electric Holdings Inc. will post $3.27 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors 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 annualized dividend and a dividend yield of 2.04%.

A number of institutional investors have recently bought and sold shares of LECO. Schroder Investment Management Group increased its position 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. Liberty Mutual Group Asset Management Inc. increased its position in 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 in the last quarter. Bank of Montreal Can increased its position in 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 in the last quarter. California Public Employees Retirement System increased 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 valued at $6,606,000 after buying an additional 3,300 shares in the last quarter. Finally, US Bancorp DE increased its position in Lincoln Electric Holdings by 6.8% in the fourth quarter. US Bancorp DE now owns 46,815 shares of the company’s stock valued at $2,430,000 after buying an additional 2,996 shares in 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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