Oppenheimer Assigned a Hold Rating to Lincoln Electric Holdings

In a report released today, Jim Giannakouros from Oppenheimer assigned a Hold rating to Lincoln Electric Holdings (NASDAQ: LECO). The company’s shares opened today at $64, close to its 52-week high of $67.44.

According to TipRanks.com, Giannakouros is a 4-star analyst with an average return of 4.4% and a 57.3% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Mueller Water Products, and Rexnord Corporation.

Lincoln Electric Holdings has an analyst consensus of Hold.

Based on Lincoln Electric Holdings’ latest earnings report from June 30, the company posted quarterly revenue of $592.4M and quarterly net profit of $31.32M. In comparison, last year the company earned revenue of $645.2M and had a net profit of -$60.47M.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2015, Russell Lincoln, a a Director at LECO sold 4,167 shares for a total of $253,395.

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.