Analysts Have Conflicting Sentiments on These Conglomerates Companies: Lincoln Electric (NASDAQ: LECO) and Idex (NYSE: IEX)

Analysts have been eager to weigh in on the Conglomerates sector with new ratings on Lincoln Electric (NASDAQ: LECO) and Idex (NYSE: IEX).

Lincoln Electric (NASDAQ: LECO)

In a report released today, Mircea Dobre from Robert W. Baird reiterated a Hold rating on Lincoln Electric Holdings (NASDAQ: LECO). The company’s shares opened today at $62.83.

Currently, the analyst consensus on Lincoln Electric Holdings is Moderate Buy and the average price target is $74, representing a 17.8% upside. In a report issued on April 13, William Blair also initiated coverage with a Hold rating on the stock.

According to TipRanks.com, Dobre is ranked 0 out of 5 stars with an average return of -11.9% and a 19.2% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Sun Hydraulics Corp., Illinois Tool Works, and Rexnord Corporation.

Idex (NYSE: IEX)

In a report released today, Michael Halloran from Robert W. Baird reiterated a Buy rating on Idex Corp. (NYSE: IEX). The company’s shares opened today at $84.39, close to its 52-week high of $86.54.

Halloran said, “We believe IEX remains an attractive long-term holding given its high-quality business model, strong management, capital deployment opportunities, and solid execution but recognize price/valuation levels are at all-time highs and would be more aggressive buyers on pullbacks.”

Idex Corp. has an analyst consensus of Hold.

According to TipRanks.com, Halloran is a 2-star analyst with an average return of 2.3% and a 44.4% success rate. Halloran covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Watts Water Technologies, and Generac Holdings.