Shares of Lincoln Electric Holdings Inc. (NASDAQ:LECO) gapped up before the market opened on Friday . The stock had previously closed at $63.36, but opened at $63.57. Lincoln Electric Holdings shares last traded at $64.26, with a volume of 52,420 shares trading hands.

Several analysts have commented on LECO shares. TheStreet upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th. Wunderlich decreased their price target on shares of Lincoln Electric Holdings from $85.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 20th. Barclays PLC decreased their price target on shares of Lincoln Electric Holdings from $54.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, July 11th. Wellington Shields raised shares of Lincoln Electric Holdings from a “hold” rating to a “gradually accumulate” rating in a report on Wednesday, August 3rd. Finally, Zacks Investment Research raised shares of Lincoln Electric Holdings from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $65.57.

The firm has a 50-day moving average price of $63.14 and a 200 day moving average price of $60.27. The company has a market capitalization of $4.32 billion and a PE ratio of 62.78.

Lincoln Electric Holdings (NASDAQ:LECO) last issued its earnings results on Monday, July 25th. The company reported $0.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.83. The company earned $592.40 million during the quarter, compared to analyst estimates of $589.08 million. The business’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 EPS. On average, equities research analysts predict that Lincoln Electric Holdings Inc. will post $3.23 earnings per share for the current year.

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

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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