BidaskClub Upgrades Lincoln Electric (LECO) to “Buy”

Lincoln Electric (NASDAQ:LECO) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Thursday.

Several other equities analysts also recently commented on LECO. Barclays initiated coverage on Lincoln Electric in a research report on Tuesday, December 12th. They issued an “equal weight” rating and a $90.00 price objective on the stock. Oppenheimer restated a “hold” rating on shares of Lincoln Electric in a research report on Tuesday, December 12th. UBS upgraded Lincoln Electric from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 4th. Zacks Investment Research upgraded Lincoln Electric from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research report on Monday, January 8th. Finally, Stifel Nicolaus upgraded Lincoln Electric from a “hold” rating to a “buy” rating and boosted their target price for the stock from $97.00 to $116.00 in a research report on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $105.20.

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Lincoln Electric stock opened at $88.91 on Thursday. Lincoln Electric has a 52-week low of $81.85 and a 52-week high of $101.34. The company has a market capitalization of $5,956.88, a PE ratio of 23.95, a PEG ratio of 1.67 and a beta of 1.11. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.60 and a quick ratio of 1.94.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Wednesday, February 14th. The industrial products company reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. Lincoln Electric had a return on equity of 28.76% and a net margin of 9.43%. The business had revenue of $747.19 million for the quarter, compared to the consensus estimate of $696.97 million. During the same period in the previous year, the business earned $0.81 earnings per share. The business’s revenue was up 32.5% on a year-over-year basis. sell-side analysts predict that Lincoln Electric will post 4.73 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Lincoln Electric by 0.5% in the fourth quarter. BlackRock Inc. now owns 5,273,569 shares of the industrial products company’s stock worth $482,954,000 after buying an additional 27,984 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Lincoln Electric by 4.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,342,039 shares of the industrial products company’s stock worth $122,904,000 after buying an additional 55,905 shares in the last quarter. Prudential Financial Inc. increased its stake in Lincoln Electric by 584.5% during the third quarter. Prudential Financial Inc. now owns 691,029 shares of the industrial products company’s stock worth $63,353,000 after acquiring an additional 590,070 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Lincoln Electric during the fourth quarter worth approximately $56,904,000. Finally, Dimensional Fund Advisors LP increased its stake in Lincoln Electric by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 531,479 shares of the industrial products company’s stock worth $48,726,000 after acquiring an additional 12,479 shares during the last quarter. Institutional investors own 66.93% of the company’s stock.

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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.

Analyst Recommendations for Lincoln Electric (NASDAQ:LECO)

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