Can analysts adopt a bullish outlook for Lincoln Electric Holdings, Inc. (NASDAQ:LECO)?

February 10, 2018 - By Ellis Scott

 Can analysts adopt a bullish outlook for Lincoln Electric Holdings, Inc. (NASDAQ:LECO)?
Investors sentiment increased to 1.56 in 2017 Q3. Its up 0.08, from 1.48 in 2017Q2. It improved, as 27 investors sold Lincoln Electric Holdings, Inc. shares while 68 reduced holdings. 42 funds opened positions while 106 raised stakes. 41.08 million shares or 3.50% less from 42.57 million shares in 2017Q2 were reported.
Comerica National Bank & Trust holds 0.03% of its portfolio in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) for 49,010 shares. Zacks Inv Mngmt owns 0.09% invested in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) for 42,867 shares. Pub Employees Retirement Sys Of Ohio stated it has 0.02% of its portfolio in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). Dubuque Bankshares And Company has invested 0.01% in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). Moors Cabot holds 0.06% or 4,900 shares. Commerce Commercial Bank has invested 0% in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). 35,116 were accumulated by Arizona State Retirement. Saturna holds 361,200 shares. Panagora Asset has 3,235 shares for 0% of their portfolio. Campbell & Adviser Llc has invested 0.18% in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). Aperio Group Ltd Com owns 21,316 shares or 0.01% of their US portfolio. Ls Invest Advisors Lc invested in 4,920 shares or 0.03% of the stock. Park Corp Oh holds 2,367 shares. Pacad Invest Ltd accumulated 4,100 shares. Credit Agricole S A accumulated 2,711 shares.

Since September 11, 2017, it had 0 insider purchases, and 1 sale for $272,726 activity.

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

Among 13 analysts covering Lincoln Electric (NASDAQ:LECO), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Lincoln Electric had 42 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) earned “Neutral” rating by Northcoast on Tuesday, November 15. Robert W. Baird initiated Lincoln Electric Holdings, Inc. (NASDAQ:LECO) rating on Friday, September 25. Robert W. Baird has “Neutral” rating and $57 target. RBC Capital Markets maintained Lincoln Electric Holdings, Inc. (NASDAQ:LECO) on Sunday, October 29 with “Hold” rating. Stifel Nicolaus maintained the shares of LECO in report on Tuesday, July 4 with “Hold” rating. As per Thursday, January 11, the company rating was maintained by RBC Capital Markets. Stifel Nicolaus maintained it with “Hold” rating and $97.0 target in Sunday, December 10 report. The stock of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has “Hold” rating given on Thursday, August 24 by KeyBanc Capital Markets. The stock has “Market Perform” rating by Oppenheimer on Wednesday, April 27. The rating was upgraded by Deutsche Bank to “Buy” on Friday, August 4. The firm has “Equal-Weight” rating given on Wednesday, October 12 by Barclays Capital. Below is a list of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) latest ratings and price target changes.

24/01/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $90 New Target: $96 Maintain
16/01/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Buy Old Target: $92 Upgrade
11/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $100.0 Maintain
03/01/2018 Broker: Oppenheimer Rating: Buy New Target: $105.0 Upgrade
12/12/2017 Broker: Barclays Capital Rating: Hold New Target: $90.0 Initiate
10/12/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $97.0 Maintain
29/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $95.0 Maintain
30/10/2017 Broker: Stifel Nicolaus Rating: Hold Old Target: $100 New Target: $92 Maintain
20/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $96.0 Maintain
15/10/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $100.0 Maintain

The stock increased 0.44% or $0.38 during the last trading session, reaching $86.82. About 702,717 shares traded or 73.65% up from the average. Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has risen 53.15% since February 10, 2017 and is uptrending. It has outperformed by 36.45% the S&P500.

Lincoln Electric Holdings, Inc., through its subsidiaries, designs, makes, and sells welding, cutting, and brazing products worldwide. The company has market cap of $5.71 billion. It operates through three divisions: Americas Welding, International Welding, and The Harris Products Group. It has a 20.9 P/E ratio. The companyÂ’s welding products include 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.

More important recent Lincoln Electric Holdings, Inc. (NASDAQ:LECO) news were published by: Globenewswire.com which released: “Lincoln Electric Schedules 2018 Shareholders Meeting” on October 27, 2017, also Seekingalpha.com published article titled: “Lincoln Electric’ (LECO) CEO Chris Mapes on Q3 2017 Results – Earnings Call …”, Nasdaq.com published: “Lincoln Electric Crafts 52-Week High: What’s Driving It?” on January 17, 2018. More interesting news about Lincoln Electric Holdings, Inc. (NASDAQ:LECO) was released by: Seekingalpha.com and their article: “Buoyed By The Industrial Recovery, Automation The Next Driver For Lincoln Electric” with publication date: November 28, 2017.

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