Shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) have been assigned an average recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $91.33.
Several brokerages recently commented on LECO. BidaskClub upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Oppenheimer downgraded shares of Lincoln Electric from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Stifel Nicolaus downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating and dropped their target price for the stock from $97.00 to $84.00 in a report on Tuesday, October 8th. Finally, Seaport Global Securities downgraded shares of Lincoln Electric from a “buy” rating to a “neutral” rating in a report on Wednesday, September 18th.
In other news, VP George D. Blankenship sold 53,305 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $82.67, for a total transaction of $4,406,724.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Douglas S. Lance sold 2,770 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $91.12, for a total transaction of $252,402.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,874 shares of company stock worth $6,094,578. Insiders own 3.39% of the company’s stock.
Lincoln Electric stock traded up $0.85 during midday trading on Thursday, reaching $91.77. The stock had a trading volume of 234,900 shares, compared to its average volume of 370,761. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.72 and a beta of 1.23. Lincoln Electric has a twelve month low of $72.28 and a twelve month high of $94.54. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.89 and a quick ratio of 1.17. The firm’s fifty day simple moving average is $87.98 and its two-hundred day simple moving average is $83.96.
Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.15). The firm had revenue of $730.80 million during the quarter, compared to the consensus estimate of $750.21 million. Lincoln Electric had a return on equity of 36.00% and a net margin of 10.50%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business earned $1.21 EPS. As a group, sell-side analysts predict that Lincoln Electric will post 4.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.49 per share. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.47. The ex-dividend date is Monday, December 30th. This represents a $1.96 annualized dividend and a dividend yield of 2.14%. Lincoln Electric’s payout ratio is presently 39.00%.
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 offers welding products, including 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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