Stock of The Day: Today Lincoln Electric Holdings, Inc. Stock Reaches 52-Week High

Stock of The Day: Today Lincoln Electric Holdings, Inc. Stock Reaches 52 Week High

The stock of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) hit a new 52-week high and has $81.38 target or 5.00% above today’s $77.50 share price. The 7 months bullish chart indicates low risk for the $5.11 billion company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $81.38 price target is reached, the company will be worth $255.50 million 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 176,307 shares traded hands. Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has risen 21.92% since April 26, 2016 and is uptrending. It has outperformed by 16.66% the S&P500.

Analysts await Lincoln Electric Holdings, Inc. (NASDAQ:LECO) to report earnings on February, 28. They expect $0.81 EPS, up 8.00% or $0.06 from last year’s $0.75 per share. LECO’s profit will be $53.41 million for 23.92 P/E if the $0.81 EPS becomes a reality. After $0.89 actual EPS reported by Lincoln Electric Holdings, Inc. for the previous quarter, Wall Street now forecasts -8.99% negative EPS growth.

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

Out of 10 analysts covering Lincoln Electric (NASDAQ:LECO), 2 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 20% are positive. Lincoln Electric has been the topic of 18 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was initiated by Barclays Capital on Friday, September 25 with “Equal-Weight”. Deutsche Bank initiated Lincoln Electric Holdings, Inc. (NASDAQ:LECO) rating on Wednesday, September 7. Deutsche Bank has “Hold” rating and $70 price target. The firm earned “Buy” rating on Wednesday, July 20 by Wunderlich. On Thursday, April 14 the stock rating was initiated by William Blair with “Market Perform”. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Monday, November 21. Barclays Capital maintained it with “Equal-Weight” rating and $58 target price in Wednesday, October 12 report. The company was downgraded on Monday, October 24 by Longbow. The stock has “Buy” rating given by Seaport Global on Wednesday, April 20. The rating was maintained by Barclays Capital on Monday, November 2 with “Equal Weight”. Barclays Capital maintained Lincoln Electric Holdings, Inc. (NASDAQ:LECO) on Monday, July 11 with “Equalweight” rating.

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 0.99 in Q2 2016. Its up 0.06, from 0.93 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.
Da Davidson And accumulated 0% or 605 shares. Blackrock Lc has invested 0% of its portfolio in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). Johnson Group Inc has invested 0.02% of its portfolio in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). Castleark Mgmt Limited Com has 0.11% invested in the company for 57,770 shares. Calvert Invest Mgmt accumulated 5,287 shares or 0.02% of the stock. Fisher Asset Management Ltd Liability Com holds 0.12% of its portfolio in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) for 1.08 million shares. Lsv Asset Mngmt owns 700 shares or 0% of their US portfolio. Capstone Inv Ltd Liability owns 4,700 shares or 0.01% of their US portfolio. The Pennsylvania-based Sei Invs has invested 0% in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). Amalgamated Bankshares owns 9,834 shares or 0.04% of their US portfolio. The Georgia-based Ridgeworth Capital Mgmt Limited Liability Corporation has invested 0.14% in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). Moreover, Brandywine Global Invest Mgmt Ltd Co has 0.03% invested in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) for 75,736 shares. Federated Invsts Inc Pa accumulated 35,638 shares or 0.01% of the stock. Trust Com Of Vermont last reported 0% of its portfolio in the stock. The New York-based Quantbot Limited Partnership has invested 0% in Lincoln Electric Holdings, Inc. (NASDAQ:LECO).

Insider Transactions: Since October 21, 2016, the stock had 0 insider buys, and 12 insider sales for $11.77 million net activity. PETRELLA VINCENT K also sold $1.71 million worth of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) shares. On Monday, November 14 the insider GUNNING DAVID H sold $620,402. Allman Geoffrey P sold $223,988 worth of stock or 3,080 shares. STUEBER FREDERICK G sold $321,497 worth of stock or 4,171 shares. Flohn Thomas A also sold $661,760 worth of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) on Friday, October 21. Shares for $417,850 were sold by Bruno Gabriel on Friday, November 11. The insider LINCOLN KATHRYN JO sold 7,742 shares worth $599,523.

More news for Lincoln Electric Holdings, Inc. (NASDAQ:LECO) were recently published by: Blogs.Wsj.com, which released: “Lincoln Electric Taps Veteran Tax Director as CIO” on June 22, 2016. Cleveland.com‘s article titled: “Lincoln Electric profits down sharply for 2nd quarter 2016” and published on July 26, 2016 is yet another important article.

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.

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