Lincoln Electric (NASDAQ:LECO) has been assigned a $90.00 target price by stock analysts at Barclays in a research note issued on Friday, Marketbeat reports. The firm currently has an “equal weight” rating on the industrial products company’s stock. Barclays’ price objective indicates a potential upside of 17.11% from the stock’s previous close.

Several other brokerages also recently issued reports on LECO. BidaskClub downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Saturday, August 25th. ValuEngine downgraded shares of Lincoln Electric from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Robert W. Baird set a $85.00 price objective on shares of Lincoln Electric and gave the stock a “hold” rating in a research report on Thursday. Oppenheimer set a $105.00 price objective on shares of Lincoln Electric and gave the stock a “buy” rating in a research report on Monday, July 23rd. Finally, Gabelli raised shares of Lincoln Electric from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a research report on Friday. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $102.44.

Shares of LECO stock traded up $0.68 during trading hours on Friday, hitting $76.85. 654,626 shares of the company were exchanged, compared to its average volume of 501,096. The company has a quick ratio of 1.94, a current ratio of 2.62 and a debt-to-equity ratio of 0.74. Lincoln Electric has a 52 week low of $75.07 and a 52 week high of $101.34. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 1.28 and a beta of 1.19.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Thursday, October 25th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.21. Lincoln Electric had a net margin of 7.40% and a return on equity of 31.57%. The company had revenue of $737.10 million during the quarter, compared to the consensus estimate of $763.42 million. On average, equities analysts expect that Lincoln Electric will post 4.73 EPS for the current year.

In related news, Director William E. Macdonald III sold 3,500 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $92.96, for a total value of $325,360.00. Following the completion of the transaction, the director now owns 15,307 shares of the company’s stock, valued at $1,422,938.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kathryn Jo Lincoln sold 3,140 shares of the firm’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $94.10, for a total transaction of $295,474.00. Following the completion of the transaction, the director now directly owns 44,194 shares of the company’s stock, valued at approximately $4,158,655.40. The disclosure for this sale can be found here. 3.27% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Lincoln Electric in the second quarter valued at $1,461,000. New England Asset Management Inc. acquired a new stake in Lincoln Electric in the second quarter valued at $212,000. Carnegie Capital Asset Management LLC lifted its stake in Lincoln Electric by 2.3% in the second quarter. Carnegie Capital Asset Management LLC now owns 98,890 shares of the industrial products company’s stock valued at $9,054,000 after acquiring an additional 2,230 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Lincoln Electric in the second quarter valued at $1,334,000. Finally, Sei Investments Co. lifted its stake in Lincoln Electric by 5.4% in the second quarter. Sei Investments Co. now owns 22,902 shares of the industrial products company’s stock valued at $2,010,000 after acquiring an additional 1,175 shares during the last quarter. 70.24% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Lincoln Electric (NASDAQ:LECO)

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