Lincoln Electric Holdings, Inc. (LECO) Given Average Recommendation of “Hold” by Analysts
Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has been given a consensus recommendation of “Hold” by the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $97.80.
LECO has been the topic of several recent research reports. Oppenheimer reaffirmed a “hold” rating on shares of Lincoln Electric in a report on Tuesday. Stifel Nicolaus decreased their price objective on Lincoln Electric from $100.00 to $92.00 and set a “hold” rating on the stock in a report on Monday, October 30th. Zacks Investment Research cut Lincoln Electric from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. FBR & Co reaffirmed a “buy” rating on shares of Lincoln Electric in a report on Monday, August 21st. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Lincoln Electric in a report on Monday, October 30th.
Lincoln Electric (NASDAQ:LECO) opened at $91.44 on Thursday. The company has a quick ratio of 1.83, a current ratio of 2.55 and a debt-to-equity ratio of 0.75. Lincoln Electric has a twelve month low of $75.86 and a twelve month high of $99.59. The company has a market capitalization of $6,068.59, a P/E ratio of 25.71, a P/E/G ratio of 2.34 and a beta of 1.08.
Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). The firm had revenue of $669.50 million for the quarter, compared to analysts’ expectations of $658.48 million. Lincoln Electric had a return on equity of 47.40% and a net margin of 15.85%. The firm’s revenue was up 17.9% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. analysts anticipate that Lincoln Electric will post 3.76 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.56 annualized dividend and a dividend yield of 1.71%. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.35. Lincoln Electric’s payout ratio is currently 33.65%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LECO. BlueMountain Capital Management LLC bought a new position in shares of Lincoln Electric during the 2nd quarter valued at approximately $179,000. Global X Management Co. LLC increased its position in shares of Lincoln Electric by 220.0% during the 2nd quarter. Global X Management Co. LLC now owns 2,096 shares of the industrial products company’s stock valued at $193,000 after purchasing an additional 1,441 shares during the last quarter. CIBC Asset Management Inc bought a new position in shares of Lincoln Electric during the 2nd quarter valued at approximately $204,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Lincoln Electric during the 2nd quarter valued at approximately $219,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Lincoln Electric during the 3rd quarter valued at approximately $219,000. 63.66% of the stock is currently owned by hedge funds and other institutional investors.
About Lincoln Electric
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.
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