Lincoln Electric (NASDAQ:LECO) Given New $235.00 Price Target at Barclays

Lincoln Electric (NASDAQ:LECO) had its target price raised by equities researchers at Barclays from $220.00 to $235.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Barclays‘s price objective would indicate a potential upside of 8.85% from the stock’s previous close.

Several other research analysts have also weighed in on the company. KeyCorp boosted their price target on Lincoln Electric from $230.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. StockNews.com raised Lincoln Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus lowered their price target on Lincoln Electric from $216.00 to $211.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $233.60.

Lincoln Electric Trading Down 0.4 %

NASDAQ LECO opened at $215.90 on Tuesday. The stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 1.55 and a beta of 1.18. The stock’s 50 day moving average price is $194.84 and its two-hundred day moving average price is $196.07. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.87. Lincoln Electric has a 52 week low of $169.51 and a 52 week high of $261.13.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Thursday, February 13th. The industrial products company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.03 by $0.54. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $995.94 million. Lincoln Electric had a return on equity of 40.19% and a net margin of 11.63%. As a group, analysts anticipate that Lincoln Electric will post 9.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LECO. CWM LLC increased its holdings in shares of Lincoln Electric by 87.9% during the 3rd quarter. CWM LLC now owns 1,340 shares of the industrial products company’s stock worth $257,000 after acquiring an additional 627 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Lincoln Electric by 1.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,088 shares of the industrial products company’s stock worth $2,129,000 after acquiring an additional 204 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Lincoln Electric by 308.5% during the 3rd quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 253 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Lincoln Electric by 21.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,257 shares of the industrial products company’s stock worth $625,000 after acquiring an additional 571 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Lincoln Electric by 9.1% during the 3rd quarter. Private Advisor Group LLC now owns 1,388 shares of the industrial products company’s stock worth $266,000 after acquiring an additional 116 shares during the last quarter. 79.61% of the stock is owned by institutional investors and hedge funds.

About Lincoln Electric

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.