Noteworthy Price Action: Lincoln Electric Holdings, Inc.’s Trend Up, Especially After Today’s 52-Week High Milestone

Noteworthy Price Action: Lincoln Electric Holdings, Inc.'s Trend Up, Especially After Today's 52 Week High Milestone

The stock of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) hit a new 52-week high and has $101.65 target or 47.00% above today’s $69.15 share price. The 5 months bullish chart indicates low risk for the $4.58B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $101.65 price target is reached, the company will be worth $2.15 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 227,439 shares traded hands. Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has risen 16.79% since April 7, 2016 and is uptrending. It has outperformed by 12.01% the S&P500.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Ratings Coverage

Out of 9 analysts covering Lincoln Electric (NASDAQ:LECO), 3 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 33% are positive. Lincoln Electric has been the topic of 16 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has “Hold” rating given on Wednesday, September 7 by Deutsche Bank. The company was initiated on Friday, September 25 by Robert W. Baird. The stock of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has “Market Perform” rating given on Thursday, April 14 by William Blair. The stock has “Equalweight” rating given by Barclays Capital on Monday, July 11. The stock of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has “Overweight” rating given on Monday, April 4 by KeyBanc Capital Markets. The stock has “Neutral” rating given by Longbow on Thursday, October 8. The rating was downgraded by Longbow on Monday, October 24 to “Underperform”. Barclays Capital maintained the stock with “Equal Weight” rating in Monday, November 2 report. Wunderlich maintained Lincoln Electric Holdings, Inc. (NASDAQ:LECO) rating on Wednesday, July 20. Wunderlich has “Buy” rating and $75 price target. The stock has “Equal-Weight” rating given by Barclays Capital on Wednesday, October 12.

According to Zacks Investment Research, “Lincoln Electric Holdings, Inc. is a full-line manufacturer of welding and cutting products and integral horsepower industrial electric motors. Welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The company’s welding product offering also includes regulators and torches used in oxy-fuel welding and cutting. The company’s products are sold in both domestic and international markets.”

Insitutional Activity: The institutional sentiment increased to 0.93 in Q2 2016. Its up 0.14, from 0.79 in 2016Q1. The ratio is positive, as 22 funds sold all Lincoln Electric Holdings, Inc. shares owned while 93 reduced positions. 32 funds bought stakes while 75 increased positions. They now own 43.22 million shares or 8.45% less from 47.21 million shares in 2016Q1.
Proshare Advsr Limited Liability Com last reported 0.03% of its portfolio in the stock. Advisory Services Ltd Limited Liability Company has invested 0.08% of its portfolio in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). Airain Ltd owns 23,645 shares or 0.08% of their US portfolio. Pax Mngmt Limited Com holds 0.62% of its portfolio in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) for 180,000 shares. Spero has 15,736 shares for 1.16% of their US portfolio. Lsv Asset Management has 700 shares for 0% of their US portfolio. Grantham Mayo Van Otterloo And Company Limited Liability Company last reported 11,412 shares in the company. Janus Mgmt Ltd last reported 4,400 shares in the company. Wells Fargo And Mn holds 35,015 shares or 0% of its portfolio. Pnc Fincl Services has invested 0% of its portfolio in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). Natl Bank Of New York Mellon has 875,838 shares for 0.02% of their US portfolio. Capstone Asset holds 0.01% of its portfolio in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) for 6,985 shares. Macquarie Grp has 87,163 shares for 0.01% of their US portfolio. Stevens Capital Mgmt L P has invested 0.01% of its portfolio in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). Texas Permanent School Fund, a Texas-based fund reported 47,877 shares.

Insider Transactions: Since October 21, 2016, the stock had 0 buys, and 4 insider sales for $5.00 million net activity. 10,340 shares were sold by Flohn Thomas A, worth $661,760 on Friday, October 21. The insider BLANKENSHIP GEORGE D sold 47,700 shares worth $3.09M. STUEBER FREDERICK G had sold 18,200 shares worth $1.18 million on Tuesday, October 25. The insider Allman Geoffrey P sold 1,120 shares worth $72,800.

More notable recent Lincoln Electric Holdings, Inc. (NASDAQ:LECO) news were published by: Cleveland.com which released: “Lincoln Electric profits down sharply for 2nd quarter 2016” on July 26, 2016, also Equitiesfocus.com with their article: “Lincoln Electric Holdings, Inc. (NASDAQ:LECO) 200-Day MA At $61.89” published on November 09, 2016, Nasdaq.com published: “Lincoln Electric Holdings, Inc. (LECO) Ex-Dividend Date Scheduled for …” on September 27, 2016. More interesting news about Lincoln Electric Holdings, Inc. (NASDAQ:LECO) were released by: Equitiesfocus.com and their article: “Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Fixes Dividend Payout At $0.35” published on November 08, 2016 as well as Globenewswire.com‘s news article titled: “Lincoln Electric Promotes Two Executives” with publication date: August 09, 2016.

LECO Company Profile

Lincoln Electric Holdings, Inc., incorporated on January 22, 1998, is a maker of welding, cutting and brazing products. The Company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company’s operating divisions include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group. The Company’s product offering also includes computer numeric controlled (CNC) plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting and brazing. In addition, the Company is also engaged in brazing and soldering alloys activities.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment