Lincoln Electric Holdings, Inc. (NASDAQ:LECO) was upgraded by investment analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a research report issued on Friday, Marketbeat.com reports. The brokerage presently has a $100.00 price objective on the industrial products company’s stock. Deutsche Bank AG’s target price would indicate a potential upside of 14.96% from the company’s previous close.

Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of Lincoln Electric Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a research note on Tuesday, June 20th. Barclays PLC reaffirmed an “equal weight” rating and set a $82.00 target price (up from $75.00) on shares of Lincoln Electric Holdings in a research note on Saturday, April 22nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $93.00 target price on shares of Lincoln Electric Holdings in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $88.00 target price (up from $86.00) on shares of Lincoln Electric Holdings in a research note on Saturday, April 22nd. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Lincoln Electric Holdings presently has a consensus rating of “Hold” and an average price target of $89.67.

Shares of Lincoln Electric Holdings (NASDAQ LECO) traded up 0.56% during trading on Friday, hitting $87.48. 238,209 shares of the stock were exchanged. The stock’s 50 day moving average price is $92.34 and its 200-day moving average price is $88.13. Lincoln Electric Holdings has a one year low of $59.27 and a one year high of $97.97. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 25.28 and a beta of 0.97.

Lincoln Electric Holdings (NASDAQ:LECO) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.94 by $0.03. Lincoln Electric Holdings had a net margin of 9.86% and a return on equity of 30.55%. The firm had revenue of $626.90 million for the quarter, compared to analyst estimates of $620.28 million. During the same period in the prior year, the business posted $0.83 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, analysts predict that Lincoln Electric Holdings will post $3.74 EPS for the current year.

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In other Lincoln Electric Holdings news, Director Kathryn Jo Lincoln sold 4,290 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $95.43, for a total value of $409,394.70. Following the sale, the director now directly owns 45,943 shares of the company’s stock, valued at approximately $4,384,340.49. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Steven B. Hedlund sold 4,503 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $94.40, for a total transaction of $425,083.20. Following the completion of the sale, the vice president now directly owns 24,489 shares in the company, valued at $2,311,761.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,463 shares of company stock worth $4,140,642. Insiders own 3.27% of the company’s stock.

Several large investors have recently made changes to their positions in LECO. Vanguard Group Inc. increased its stake in shares of Lincoln Electric Holdings by 5.2% in the first quarter. Vanguard Group Inc. now owns 5,382,545 shares of the industrial products company’s stock worth $467,527,000 after buying an additional 267,768 shares in the last quarter. BlackRock Inc. increased its stake in shares of Lincoln Electric Holdings by 4,647.7% in the first quarter. BlackRock Inc. now owns 4,967,690 shares of the industrial products company’s stock worth $431,493,000 after buying an additional 4,863,057 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Lincoln Electric Holdings by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 1,210,632 shares of the industrial products company’s stock worth $105,155,000 after buying an additional 32,270 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Lincoln Electric Holdings by 4.4% in the second quarter. Fisher Asset Management LLC now owns 1,072,063 shares of the industrial products company’s stock worth $98,726,000 after buying an additional 45,265 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Lincoln Electric Holdings by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 863,900 shares of the industrial products company’s stock worth $79,556,000 after buying an additional 8,070 shares in the last quarter. 64.06% of the stock is currently owned by institutional investors.

About Lincoln Electric Holdings

Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.

Analyst Recommendations for Lincoln Electric Holdings (NASDAQ:LECO)

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