Lincoln Electric (NASDAQ:LECO) Rating Lowered to Neutral at Seaport Global Securities

Share on StockTwits

Lincoln Electric (NASDAQ:LECO) was downgraded by analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating in a research report issued on Wednesday, MarketBeat.com reports. Seaport Global Securities also issued estimates for Lincoln Electric’s Q4 2019 earnings at $1.23 EPS, Q1 2020 earnings at $1.26 EPS, Q2 2020 earnings at $1.39 EPS, Q3 2020 earnings at $1.36 EPS, Q4 2020 earnings at $1.35 EPS and FY2020 earnings at $5.36 EPS.

A number of other research analysts have also weighed in on the stock. BidaskClub raised shares of Lincoln Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. Robert W. Baird raised shares of Lincoln Electric from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $93.00 to $100.00 in a research note on Friday, July 12th. Finally, Zacks Investment Research raised shares of Lincoln Electric from a “sell” rating to a “hold” rating and set a $87.00 target price on the stock in a research note on Monday, July 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $95.56.

LECO stock opened at $88.23 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.28 and a debt-to-equity ratio of 0.84. Lincoln Electric has a 12-month low of $72.28 and a 12-month high of $97.93. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.57 and a beta of 1.23. The business’s 50-day moving average is $83.62 and its 200 day moving average is $83.63.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.02). Lincoln Electric had a return on equity of 36.16% and a net margin of 10.42%. The firm had revenue of $777.01 million during the quarter, compared to analyst estimates of $786.03 million. During the same quarter in the previous year, the firm posted $1.22 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. As a group, equities analysts forecast that Lincoln Electric will post 5.05 EPS for the current fiscal year.

In other Lincoln Electric news, SVP Michael Mintun sold 3,800 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $84.77, for a total value of $322,126.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP George D. Blankenship sold 53,305 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $82.67, for a total transaction of $4,406,724.35. The disclosure for this sale can be found here. Company insiders own 3.39% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Alpha LLC purchased a new stake in shares of Lincoln Electric during the 1st quarter valued at approximately $25,000. Rockefeller Capital Management L.P. raised its position in shares of Lincoln Electric by 338.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 311 shares of the industrial products company’s stock valued at $26,000 after buying an additional 240 shares during the period. Advisory Services Network LLC raised its position in shares of Lincoln Electric by 94.0% during the 2nd quarter. Advisory Services Network LLC now owns 481 shares of the industrial products company’s stock valued at $39,000 after buying an additional 233 shares during the period. Captrust Financial Advisors raised its position in shares of Lincoln Electric by 12.6% during the 2nd quarter. Captrust Financial Advisors now owns 1,343 shares of the industrial products company’s stock valued at $111,000 after buying an additional 150 shares during the period. Finally, NumerixS Investment Technologies Inc raised its position in shares of Lincoln Electric by 433.3% during the 1st quarter. NumerixS Investment Technologies Inc now owns 1,600 shares of the industrial products company’s stock valued at $134,000 after buying an additional 1,300 shares during the period. 76.42% of the stock is currently owned by institutional investors and hedge funds.

About Lincoln Electric

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.

Featured Article: Bond

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.



Latest News

SOTHERLY HOTELS/SH SH  Upgraded by Zacks Investment Research to Hold
SOTHERLY HOTELS/SH SH Upgraded by Zacks Investment Research to Hold
Solaredge Technologies  Lowered to Hold at Zacks Investment Research
Solaredge Technologies Lowered to Hold at Zacks Investment Research
Resonant  Upgraded to “Hold” at Zacks Investment Research
Resonant Upgraded to “Hold” at Zacks Investment Research
Portola Pharmaceuticals  PT Lowered to $44.00
Portola Pharmaceuticals PT Lowered to $44.00
UltraNote Coin Reaches Market Cap of $13,486.00
UltraNote Coin Reaches Market Cap of $13,486.00
FS KKR Capital Corp  Receives $7.63 Consensus PT from Analysts
FS KKR Capital Corp Receives $7.63 Consensus PT from Analysts


© 2006-2019 Ticker Report