According to Benzinga’s reporting, the target price Stifel Nicolaus set for Lincoln Electric (NASDAQ: LECO), which had been set previously at $149.00, was raised to $156.00 in a research report that was published on Friday. The company that produces industrial products has provided its shareholders with a recommendation to “hold” the shares of the industrial products company. According to the price estimate that Stifel Nicolaus developed, it is anticipated that there will be a reduction of 0.18% from the close of the business day before.
Recent events have resulted in LECO receiving feedback from a wide variety of additional stock research specialists. In a research note that was made public on November 21, Oppenheimer announced that they had increased their price objective on shares of Lincoln Electric to $165.00 and that they had raised the amount by which they raised it. In a research note published on December 14, Morgan Stanley announced that they were increasing their price objective on shares of Lincoln Electric to $149.00. The price objective that Robert W. Baird has set for Lincoln Electric has increased from $150.00 to $152.00, as stated in a research report that was published on Thursday, October 27. In the end, a research report published on Friday, January 6, by StockNews.com lowered the rating that the website had previously assigned to shares of Lincoln Electric from a “strong-buy” rating to a “buy” rating.
On Friday morning, Lincoln Electric’s share price rose $1.88 to $156.18. This increase occurred during the morning session. It was reported that only 3,864 shares of the company’s stock were traded, a significant drop from the normal volume of 322,765 shares. The quick ratio is 0.93, the current ratio is 1.70, and the debt-to-equity ratio is 0.77. All of these numbers are relative to the total amount of debt. All these figures should be interpreted in light of the overall sum owed. During the last year, Lincoln Electric reached an all-time high of $159.79 and an all-time low of $118.17. The stock price is $139.25 according to the simple moving average calculated over the past 200 days and $148.15 according to the simple moving average calculated over the past 50 days. The stock’s price-to-earnings ratio is 21.01, the price-to-earnings growth ratio is 1.23, and the beta value is 1.13. The company’s total value, as represented by its market capitalization, is $9.02 billion.
On October 27, the most recent earnings report for Lincoln Electric, publicly traded and whose stock is denoted by the NASDAQ: LECO, was made available to the public. The company that produces goods for the industrial sector reported quarterly earnings of $2.04 per share, which is $0.08 higher than the consensus estimate of $1.96 per share. Lincoln Electric had a return on equity of 52.60 percent, and the company’s net margin was 11.91 percent. The most recent quarter’s actual revenues for the company came in at $935.24 million, which is significantly higher than the amount of $919.13 million that was projected for the period. Those who specialize in the financial markets hold the majority opinion that Lincoln Electric will report earnings of $8.22 per share for the current fiscal year.
On November 23, Chief Financial Officer Gabriel Bruno sold 11,278 shares of the company’s stock, related to the news that was just mentioned. The price per share was determined to be $1692,940.58 in total, equivalent to an average price of $150.11 per share when the shares were sold. As a direct consequence of the transaction, the chief financial officer now directly holds 22,507 shares of the company. The total value of these shares is $3,378,525.77. If you follow the link, you will be taken to a document submitted to the SEC, which will provide you with additional information regarding the sale. On November 23, Gabriel Bruno, Chief Financial Officer of Lincoln Electric, sold 11,278 shares of the company’s stock, thereby reducing the amount of ownership he had in the business. The stock was sold at a total value of 1,692,940.58 dollars, with the price per share averaging $150.11. This resulted in a total sale volume of 1,692,940.58 dollars. After the completion of the transaction, the chief financial officer now owns 22,507 shares in the company. These shares were previously owned by someone else. When traded on the market, the current value of these shares is $3,378,525.77. When you click on this link, you will be taken to a document given to the SEC. This document contains information about the transaction and the presentation given to the SEC. In addition, on November 1 of this year, Senior Vice President Geoffrey P. Allman sold 3,335 shares of the company’s stock. A total price of $477,638.70 was received for the sale of the shares, which works out to an average selling price of $143.22 per share. As a result of the completion of the transaction, the senior vice president now directly owns 11,078 shares of the company’s stock. Based on the current stock price, these shares are estimated to be worth approximately $1,586,591.16. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company sold 33,431 shares with a value of $4,902,783 over the previous ninety days. 3.16 company insiders own percent of the total shares currently outstanding.
Recent happenings have prompted several hedge funds to conduct recent stock-holding reviews and make adjustments. The percentage of Lincoln Electric stock that Los Angeles Capital Management LLC owned increased by 219.5% during the second quarter due to the firm’s successful investment strategies. Following the acquisition of an additional 30,853 shares in the industrial goods company during the most recent quarter, Los Angeles Capital Management LLC now owns a total of 44,912 shares with a value of $5,540,000. This brings the total number of shares owned by the company to a total of 44,912. The Ontario Teachers’ Pension Plan Board increased the amount of Lincoln Electric stock owned by 7.6 percent during the second quarter of the fiscal year. The Ontario Teachers Pension Plan Board now has stock in the industrial goods company with a total value of $7,438. This results from additional purchases made over time that added up to 527 shares and took place over time. A total of 246,000 dollars was invested in Lincoln Electric by Scientist Management LP during the second quarter of the year. The Illinois Municipal Retirement Fund increased the amount of Lincoln Electric shares it owned by 68.1% during the second quarter of the fiscal year. The Illinois Municipal Retirement Fund has a total of 17,843 shares of the industrial products company’s stock after purchasing an additional 7,226 shares during the most recent quarter. These shares have a combined value of $2,120,000, making the fund’s total investment worth $2,120,000. And finally, during the period covered by this report, Lazard Asset Management LLC increased its holdings of Lincoln Electric by 63.3% by purchasing additional company shares. Lazard Asset Management LLC increased its holdings in the industrial goods company by 162 shares during the most recent fiscal quarter, bringing the total number of shares it owns to 418, with a value of $51,000. A total of 73.25 percent of the company’s stock is held by institutional investors who have purchased large shares.
Lincoln Electric Holdings, Inc. is in the business of manufacturing a wide range of welding and cutting equipment, some of which includes arc welding gear, welding consumables, and other kinds of welding and cutting equipment. In the realm of welding, some of the things it provides include consumable electrodes, fluxes, robotic welding packages, wire feeding systems, and arc welding power sources. Additionally, it provides wire feeding systems.