Oppenheimer Reiterates a Hold Rating on Lincoln Electric HoldingsBy Carrie Williams
According to TipRanks.com, Giannakouros is a 3-star analyst with an average return of 3.8% and a 56.9% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Mueller Water Products, and Rexnord Corporation.
Currently, the analyst consensus on Lincoln Electric Holdings is Hold and the average price target is $78, representing a -6.0% downside.
In a report issued on April 10, RBC Capital also reiterated a Hold rating on the stock with a $75 price target.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2017, Geoffrey Allman, the Sr. V.P., Corporate Controller of LECO sold 5,270 shares for a total of $449,162.
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Lincoln Electric Holdings, Inc. is 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 the following segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia, and Australia. The Harris Products Group 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.