Lincoln Electric Holdings Receives a Hold from Barclays

Barclays analyst Robert Wertheimer maintained a Hold rating on Lincoln Electric Holdings (NASDAQ: LECO) yesterday and set a price target of $71. The company’s shares opened today at $78.32, close to its 52-week high of $80.57.

According to TipRanks.com, Wertheimer is ranked 0 out of 5 stars with an average return of -7.8% and a 40.0% success rate. Wertheimer covers the Industrial Goods sector, focusing on stocks such as Manitowoc Foodservice, Manitowoc Company, and CNH Industrial.

Currently, the analyst consensus on Lincoln Electric Holdings is Hold and the average price target is $76, representing a -3.0% downside.

In a report issued on December 27, RBC Capital also reiterated a Hold rating on the stock with a $68 price target.

The company has a one year high of $80.57 and a one year low of $45.54. Currently, Lincoln Electric Holdings has an average volume of 452.7K.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2016, Vincent Petrella, the Executive V.P, CFO & Treasurer of LECO sold 21,360 shares for a total of $1,691,961.

Lincoln Electric Holdings, Inc. operates as a holding company, which through its subsidiaries manufactures welding, cutting and brazing products. The company also engages in manufacturing a broad line of arc welding equipment, consumable welding products and other welding and cutting products. Its welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The company’s product offering also includes CNC plasma and oxy-fuel cutting systems, regulators and torches used in oxy-fuel welding, cutting and brazing. It operates through five segments: North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group. The North America Welding segment includes welding operations in the United States, Canada and Mexico. The Europe Welding segment includes welding operations in Europe, Russia and Africa. The Asia Pacific Welding Segment and South America Welding segment includes welding operations in Asia Pacific and South America, respectively. The Harris Products Group segment includes the company’s global cutting, soldering and brazing businesses as well as the retail business in the United States. Lincoln Electric Holdings was founded in 1998 and is headquartered in Cleveland, OH.