BidaskClub downgraded shares of Lincoln Electric (NASDAQ:LECO) from a hold rating to a sell rating in a research report report published on Wednesday morning.

A number of other analysts have also recently weighed in on LECO. ValuEngine cut shares of Lincoln Electric from a hold rating to a sell rating in a research note on Monday, July 2nd. Zacks Investment Research cut shares of Lincoln Electric from a hold rating to a sell rating in a research note on Sunday, July 15th. Finally, Oppenheimer set a $105.00 target price on shares of Lincoln Electric and gave the stock a buy rating in a research note on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $106.25.

Shares of NASDAQ LECO traded up $0.21 during midday trading on Wednesday, reaching $83.62. 462,038 shares of the company were exchanged, compared to its average volume of 413,337. The stock has a market cap of $6.09 billion, a PE ratio of 22.06, a PEG ratio of 1.55 and a beta of 1.19. Lincoln Electric has a one year low of $81.48 and a one year high of $101.34. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.94 and a current ratio of 2.62.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Monday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.22. The firm had revenue of $790.10 million for the quarter, compared to analysts’ expectations of $810.54 million. Lincoln Electric had a net margin of 8.77% and a return on equity of 29.77%. The company’s revenue was up 26.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. As a group, sell-side analysts predict that Lincoln Electric will post 4.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be paid a $0.39 dividend. The ex-dividend date is Thursday, September 27th. This represents a $1.56 annualized dividend and a dividend yield of 1.87%. Lincoln Electric’s dividend payout ratio is 41.16%.

In related news, Director Kathryn Jo Lincoln sold 3,140 shares of the business’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $94.10, for a total value of $295,474.00. Following the sale, the director now owns 44,194 shares of the company’s stock, valued at $4,158,655.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William E. Macdonald III sold 3,500 shares of the business’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $92.96, for a total transaction of $325,360.00. Following the completion of the sale, the director now directly owns 15,307 shares in the company, valued at approximately $1,422,938.72. The disclosure for this sale can be found here. In the last three months, insiders sold 18,958 shares of company stock worth $1,100,990. 3.04% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its holdings in Lincoln Electric by 4.1% in the first quarter. Wells Fargo & Company MN now owns 131,914 shares of the industrial products company’s stock valued at $11,865,000 after buying an additional 5,139 shares during the period. California Public Employees Retirement System lifted its holdings in Lincoln Electric by 5.3% in the first quarter. California Public Employees Retirement System now owns 125,057 shares of the industrial products company’s stock valued at $11,249,000 after buying an additional 6,331 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Lincoln Electric by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 540,485 shares of the industrial products company’s stock valued at $48,617,000 after buying an additional 4,221 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Lincoln Electric by 9.3% in the first quarter. PNC Financial Services Group Inc. now owns 29,749 shares of the industrial products company’s stock valued at $2,675,000 after buying an additional 2,523 shares during the period. Finally, Stifel Financial Corp lifted its holdings in Lincoln Electric by 11.2% in the first quarter. Stifel Financial Corp now owns 11,644 shares of the industrial products company’s stock valued at $1,048,000 after buying an additional 1,172 shares during the period. 70.29% of the stock is currently owned by institutional investors.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company's welding products include arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

Read More: How Important is Technical Analysis of Stocks

Analyst Recommendations for Lincoln Electric (NASDAQ:LECO)

Receive News & Ratings for Lincoln Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln Electric and related companies with MarketBeat.com's FREE daily email newsletter.