Lincoln Electric (NASDAQ:LECO) PT Raised to $162.00 at Oppenheimer

Lincoln Electric (NASDAQ:LECOGet Rating) had its price target raised by analysts at Oppenheimer to $162.00 in a research note issued on Tuesday, Stock Target Advisor reports. Oppenheimer’s target price would suggest a potential upside of 16.74% from the stock’s current price.

A number of other research analysts have also commented on the company. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Lincoln Electric in a research report on Monday, August 1st. StockNews.com cut shares of Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 20th. Stifel Nicolaus cut their price target on shares of Lincoln Electric from $137.00 to $136.00 in a research note on Tuesday, October 11th. Morgan Stanley upped their price objective on Lincoln Electric from $135.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, October 28th. Finally, Robert W. Baird increased their target price on Lincoln Electric from $150.00 to $152.00 in a report on Thursday, October 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $152.00.

Lincoln Electric Trading Down 2.9 %

Shares of LECO opened at $138.77 on Tuesday. The stock’s 50-day moving average price is $133.25 and its 200 day moving average price is $133.01. The company has a quick ratio of 0.93, a current ratio of 1.70 and a debt-to-equity ratio of 0.77. Lincoln Electric has a 12-month low of $118.17 and a 12-month high of $148.54. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.15 and a beta of 1.14.

Insider Buying and Selling

In other Lincoln Electric news, EVP Jennifer I. Ansberry sold 10,175 shares of Lincoln Electric stock in a transaction on Monday, October 31st. The stock was sold at an average price of $141.12, for a total value of $1,435,896.00. Following the completion of the transaction, the executive vice president now owns 16,783 shares in the company, valued at approximately $2,368,416.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Geoffrey P. Allman sold 3,335 shares of the stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $143.22, for a total transaction of $477,638.70. Following the sale, the senior vice president now directly owns 11,078 shares of the company’s stock, valued at $1,586,591.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jennifer I. Ansberry sold 10,175 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $141.12, for a total transaction of $1,435,896.00. Following the completion of the sale, the executive vice president now directly owns 16,783 shares of the company’s stock, valued at approximately $2,368,416.96. The disclosure for this sale can be found here. 3.16% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LECO. BDO Wealth Advisors LLC acquired a new position in shares of Lincoln Electric during the third quarter valued at $27,000. Lazard Asset Management LLC bought a new stake in Lincoln Electric during the 1st quarter worth about $35,000. Wipfli Financial Advisors LLC acquired a new position in Lincoln Electric during the 3rd quarter valued at about $52,000. Adirondack Trust Co. bought a new position in shares of Lincoln Electric in the 3rd quarter valued at about $54,000. Finally, CWM LLC grew its position in shares of Lincoln Electric by 160.2% during the 1st quarter. CWM LLC now owns 471 shares of the industrial products company’s stock worth $65,000 after buying an additional 290 shares during the period. 74.25% of the stock is currently owned by institutional investors.

About Lincoln Electric

(Get Rating)

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 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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