Lincoln Electric (NASDAQ:LECO) Price Target Raised to $220.00

Lincoln Electric (NASDAQ:LECO) had its target price lifted by equities research analysts at Robert W. Baird from $213.00 to $220.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price target would suggest a potential upside of 7.10% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the company. Oppenheimer restated a “market perform” rating on shares of Lincoln Electric in a report on Monday, April 29th. StockNews.com lowered Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Loop Capital cut their target price on Lincoln Electric from $285.00 to $265.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. KeyCorp dropped their price target on Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, May 24th. Finally, Stifel Nicolaus upped their price target on Lincoln Electric from $209.00 to $213.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $219.43.

Lincoln Electric Stock Performance

Shares of LECO stock opened at $205.41 on Thursday. The company has a market cap of $11.69 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 1.56 and a beta of 1.15. The stock has a 50 day simple moving average of $194.48 and a 200-day simple moving average of $222.79. Lincoln Electric has a 12-month low of $164.00 and a 12-month high of $261.13. The company has a current ratio of 2.24, a quick ratio of 1.49 and a debt-to-equity ratio of 0.84.

Institutional Trading of Lincoln Electric

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LECO. Riverview Trust Co bought a new stake in shares of Lincoln Electric in the 1st quarter worth approximately $26,000. Capital Advisors Ltd. LLC raised its position in Lincoln Electric by 194.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Lincoln Electric by 174.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 68 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Lincoln Electric in the 2nd quarter valued at $28,000. Finally, Principal Securities Inc. bought a new position in Lincoln Electric in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 79.61% of the company’s stock.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States.