Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $93.25.

Several research analysts have recently commented on the stock. Zacks Investment Research cut shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Deutsche Bank AG raised shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Friday, August 4th. BidaskClub cut shares of Lincoln Electric Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. FBR & Co reaffirmed an “outperform” rating on shares of Lincoln Electric Holdings in a report on Tuesday, July 11th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $98.00 target price on shares of Lincoln Electric Holdings in a report on Friday, July 14th.

Shares of Lincoln Electric Holdings (NASDAQ LECO) opened at 85.34 on Friday. Lincoln Electric Holdings has a 52-week low of $59.27 and a 52-week high of $97.97. The company’s 50-day moving average price is $90.70 and its 200-day moving average price is $88.31. The firm has a market capitalization of $5.62 billion, a P/E ratio of 24.66 and a beta of 0.97.

Lincoln Electric Holdings (NASDAQ:LECO) last released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. The firm had revenue of $626.90 million for the quarter, compared to analysts’ expectations of $620.28 million. Lincoln Electric Holdings had a net margin of 9.86% and a return on equity of 30.55%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS. On average, equities research analysts expect that Lincoln Electric Holdings will post $3.75 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.64%. Lincoln Electric Holdings’s dividend payout ratio is 40.46%.

In other Lincoln Electric Holdings news, VP Gabriel Bruno sold 5,630 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $95.33, for a total value of $536,707.90. Following the sale, the vice president now owns 24,339 shares in the company, valued at $2,320,236.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director G Russell Lincoln sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $88.87, for a total transaction of $1,999,575.00. Following the completion of the sale, the director now owns 248,032 shares in the company, valued at approximately $22,042,603.84. The disclosure for this sale can be found here. Insiders sold 45,463 shares of company stock worth $4,140,642 in the last 90 days. Company insiders own 3.27% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Teacher Retirement System of Texas raised its stake in shares of Lincoln Electric Holdings by 0.3% in the second quarter. Teacher Retirement System of Texas now owns 4,727 shares of the industrial products company’s stock worth $435,000 after buying an additional 14 shares in the last quarter. CT Mason raised its stake in shares of Lincoln Electric Holdings by 0.3% in the first quarter. CT Mason now owns 11,706 shares of the industrial products company’s stock worth $1,017,000 after buying an additional 30 shares in the last quarter. Bbva Compass Bancshares Inc. raised its stake in shares of Lincoln Electric Holdings by 0.5% in the second quarter. Bbva Compass Bancshares Inc. now owns 6,552 shares of the industrial products company’s stock worth $603,000 after buying an additional 34 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Lincoln Electric Holdings by 1.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,067 shares of the industrial products company’s stock worth $651,000 after buying an additional 78 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Lincoln Electric Holdings by 0.4% in the first quarter. US Bancorp DE now owns 22,768 shares of the industrial products company’s stock worth $1,978,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 64.10% of the company’s stock.

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Lincoln Electric Holdings Company Profile

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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