Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has been assigned a consensus recommendation of “Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $106.13.
A number of equities analysts have issued reports on LECO shares. Oppenheimer raised shares of Lincoln Electric from a “market perform” rating to an “outperform” rating and set a $105.00 price objective on the stock in a report on Thursday, January 4th. Barclays started coverage on shares of Lincoln Electric in a report on Tuesday, December 12th. They set an “equal weight” rating and a $90.00 price objective on the stock. UBS Group raised shares of Lincoln Electric from a “market perform” rating to an “outperform” rating in a report on Thursday, January 4th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Lincoln Electric in a report on Monday, October 30th. Finally, Zacks Investment Research downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Thursday, January 11th.
Lincoln Electric (NASDAQ:LECO) opened at $91.30 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.55. The stock has a market cap of $6,000.00, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04. Lincoln Electric has a fifty-two week low of $81.85 and a fifty-two week high of $101.34.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Wednesday, March 28th. Lincoln Electric’s dividend payout ratio (DPR) is currently 37.68%.
Large investors have recently modified their holdings of the stock. Delpha Capital Management LLC purchased a new position in shares of Lincoln Electric in the 4th quarter worth about $143,000. We Are One Seven LLC purchased a new position in shares of Lincoln Electric in the 4th quarter worth about $196,000. Elefante Mark B purchased a new position in shares of Lincoln Electric in the 4th quarter worth about $211,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Lincoln Electric in the 2nd quarter worth about $219,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Lincoln Electric in the 3rd quarter worth about $219,000. 65.45% of the stock is currently 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.
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