Morgan Stanley assumed coverage on shares of Lincoln Electric (NASDAQ:LECO) in a research report released on Friday morning, BenzingaRatingsTable reports. The firm issued an equal weight rating and a $86.00 target price on the industrial products company’s stock.

A number of other research analysts also recently weighed in on the company. Barclays reiterated a hold rating and set a $75.00 price target on shares of Lincoln Electric in a report on Thursday, April 16th. Robert W. Baird lowered their target price on Lincoln Electric from $105.00 to $86.00 and set an outperform rating on the stock in a research note on Tuesday, April 7th. Oppenheimer reiterated a hold rating on shares of Lincoln Electric in a report on Tuesday, May 5th. BidaskClub upgraded shares of Lincoln Electric from a strong sell rating to a sell rating in a report on Thursday, May 21st. Finally, Zacks Investment Research downgraded shares of Lincoln Electric from a hold rating to a sell rating and set a $76.00 price objective on the stock. in a research report on Tuesday, April 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $81.40.

Shares of LECO opened at $82.85 on Friday. The company has a 50-day moving average of $81.78 and a two-hundred day moving average of $84.19. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.71 and a beta of 1.24. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.62 and a quick ratio of 1.01. Lincoln Electric has a one year low of $59.29 and a one year high of $98.32.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings results on Monday, April 27th. The industrial products company reported $1.00 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. Lincoln Electric had a net margin of 9.41% and a return on equity of 35.65%. The business had revenue of $701.99 million during the quarter, compared to the consensus estimate of $713.23 million. During the same quarter in the prior year, the firm earned $1.17 EPS. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. Analysts anticipate that Lincoln Electric will post 2.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $1.96 annualized dividend and a yield of 2.37%. Lincoln Electric’s dividend payout ratio (DPR) is currently 41.70%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LECO. Mason Street Advisors LLC raised its stake in shares of Lincoln Electric by 0.4% in the 4th quarter. Mason Street Advisors LLC now owns 32,524 shares of the industrial products company’s stock valued at $3,146,000 after acquiring an additional 126 shares in the last quarter. M&T Bank Corp grew its holdings in Lincoln Electric by 0.6% during the first quarter. M&T Bank Corp now owns 22,647 shares of the industrial products company’s stock valued at $1,562,000 after purchasing an additional 142 shares during the last quarter. Boston Family Office LLC raised its position in shares of Lincoln Electric by 0.4% in the first quarter. Boston Family Office LLC now owns 43,381 shares of the industrial products company’s stock valued at $2,993,000 after purchasing an additional 180 shares during the period. O Shares Investment Advisers LLC lifted its stake in shares of Lincoln Electric by 1.5% in the fourth quarter. O Shares Investment Advisers LLC now owns 14,077 shares of the industrial products company’s stock worth $1,362,000 after buying an additional 205 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Lincoln Electric by 55.5% during the 4th quarter. FMR LLC now owns 726 shares of the industrial products company’s stock worth $70,000 after buying an additional 259 shares during the period. Institutional investors own 74.50% of the company’s stock.

About Lincoln Electric

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers welding products, including 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.

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Analyst Recommendations for Lincoln Electric (NASDAQ:LECO)

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