Lincoln Electric (NASDAQ:LECO) was upgraded by equities research analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a report released on Thursday, January 4th. The brokerage presently has a $105.00 price target on the industrial products company’s stock. Oppenheimer’s target price would suggest a potential upside of 5.83% from the stock’s current price. Oppenheimer also issued estimates for Lincoln Electric’s FY2018 earnings at $4.30 EPS and FY2019 earnings at $4.75 EPS.

A number of other equities research analysts also recently weighed in on LECO. B. Riley reiterated a “buy” rating on shares of Lincoln Electric in a research note on Wednesday, November 1st. ValuEngine downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Stifel Nicolaus reduced their price target on shares of Lincoln Electric from $100.00 to $92.00 and set a “hold” rating on the stock in a research report on Monday, October 30th. Finally, KeyCorp reissued a “hold” rating on shares of Lincoln Electric in a report on Friday, October 20th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $103.38.

Lincoln Electric (LECO) opened at $99.22 on Thursday. Lincoln Electric has a 52-week low of $81.39 and a 52-week high of $101.34. The company has a market cap of $6,547.29, a P/E ratio of 27.74, a PEG ratio of 1.97 and a beta of 1.08. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.55 and a quick ratio of 1.83.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Friday, October 27th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Lincoln Electric had a return on equity of 28.97% and a net margin of 11.34%. The company had revenue of $669.50 million for the quarter, compared to the consensus estimate of $658.48 million. During the same period last year, the firm posted $0.89 EPS. The company’s revenue was up 17.9% compared to the same quarter last year. sell-side analysts forecast that Lincoln Electric will post 3.75 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LECO. Schwab Charles Investment Management Inc. boosted its holdings in shares of Lincoln Electric by 3.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 203,377 shares of the industrial products company’s stock valued at $18,729,000 after buying an additional 6,049 shares during the last quarter. Legal & General Group Plc raised its stake in Lincoln Electric by 10.5% in the 2nd quarter. Legal & General Group Plc now owns 62,618 shares of the industrial products company’s stock valued at $5,767,000 after acquiring an additional 5,936 shares during the period. Blair William & Co. IL raised its stake in Lincoln Electric by 5.7% in the 2nd quarter. Blair William & Co. IL now owns 3,468 shares of the industrial products company’s stock valued at $319,000 after acquiring an additional 188 shares during the period. Virginia Retirement Systems ET AL bought a new stake in Lincoln Electric in the 2nd quarter valued at $617,000. Finally, Victory Capital Management Inc. raised its stake in Lincoln Electric by 21.3% in the 2nd quarter. Victory Capital Management Inc. now owns 18,096 shares of the industrial products company’s stock valued at $1,666,000 after acquiring an additional 3,172 shares during the period. 63.93% of the stock is owned by institutional investors.

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Lincoln Electric 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 (NASDAQ:LECO)

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