Lincoln Electric Holdings Inc. (NASDAQ:LECO) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $64.99 and last traded at $64.53, with a volume of 237,639 shares traded. The stock had previously closed at $64.42.

Several brokerages have recently issued reports on LECO. Stifel Nicolaus increased their target price on Lincoln Electric Holdings from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 20th. Barclays PLC decreased their target price on 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. Wunderlich decreased their target price on Lincoln Electric Holdings from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Zacks Investment Research raised Lincoln Electric Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Wellington Shields raised Lincoln Electric Holdings from a “hold” rating to a “gradually accumulate” rating in a research report on Wednesday, August 3rd. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $65.57.

The firm’s 50-day moving average price is $60.64 and its 200-day moving average price is $58.99. The company has a market capitalization of $4.36 billion and a P/E ratio of 63.29.

Lincoln Electric Holdings (NASDAQ:LECO) last released its quarterly earnings results on Monday, July 25th. The company reported $0.83 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.83. During the same quarter in the prior year, the business posted $0.95 EPS. The company earned $592.40 million during the quarter, compared to analysts’ expectations of $589.08 million. The company’s revenue was down 10.9% on a year-over-year basis. On average, equities research analysts forecast that Lincoln Electric Holdings Inc. will post $3.26 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a $0.32 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.28 annualized dividend and a yield of 1.99%.

Several hedge funds and institutional investors have made changes to their positions in the stock. US Bancorp DE raised its position in shares of 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 during the period. Schroder Investment Management Group raised 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 period. Bank of Montreal Can raised 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 period. New York State Common Retirement Fund raised 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 period. Finally, California Public Employees Retirement System raised its position in shares of 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 during the period.

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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