Lincoln Electric Holdings Gets a Hold Rating from RBC Capital

By Austin Angelo

In a report released yesterday, Seth Weber from RBC Capital reiterated a Hold rating on Lincoln Electric Holdings (NASDAQ: LECO), with a price target of $93. The company’s shares opened today at $91.72, close to its 52-week high of $97.97.

According to TipRanks.com, Weber is a 5-star analyst with an average return of 13.0% and a 68.7% success rate. Weber covers the Industrial Goods sector, focusing on stocks such as Mueller Water Products, Illinois Tool Works, and Manitowoc Company.

Lincoln Electric Holdings has an analyst consensus of Hold, with a price target consensus of $89.

Lincoln Electric Holdings’ market cap is currently $6.04B and has a P/E ratio of 30.70. The company has a book value ratio of 7.7087.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Gabriel Bruno, the Executive. V.P. CIO of LECO sold 5,630 shares for a total of $536,702.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.