Lincoln Electric Holdings Receives a Hold from RBC Capital

RBC Capital analyst Seth Weber reiterated a Hold rating on Lincoln Electric Holdings (NASDAQ: LECO) today and set a price target of $75. The company’s shares closed yesterday at $79.94, close to its 52-week high of $80.93.

According to TipRanks.com, Weber is a 4-star analyst with an average return of 11.4% and a 72.4% success rate. Weber covers the Industrial Goods sector, focusing on stocks such as Mueller Water Products, Illinois Tool Works, and Manitowoc Company.

Currently, the analyst consensus on Lincoln Electric Holdings is Hold and the average price target is $79.50, representing a -0.6% downside.

In a report issued on January 9, Barclays also maintained a Hold rating on the stock with a $71 price target.

Lincoln Electric Holdings’ market cap is currently $5.28B and has a P/E ratio of 28.76. The company has a book value ratio of 7.0179.

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.