Barclays analyst Adam Seiden maintained a Buy rating on Lincoln Electric Holdings (LECO – Research Report) today and set a price target of $185.00. The company’s shares closed last Friday at $238.36.
Seiden covers the Industrials sector, focusing on stocks such as MasTec, Aecom Technology, and Caterpillar. According to TipRanks, Seiden has an average return of 11.8% and a 55.56% success rate on recommended stocks.
Currently, the analyst consensus on Lincoln Electric Holdings is a Moderate Buy with an average price target of $248.11.
The company has a one-year high of $260.40 and a one-year low of $153.23. Currently, Lincoln Electric Holdings has an average volume of 283.9K.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LECO in relation to earlier this year. Most recently, in February 2024, Gabriel Bruno, the EVP, CFO & Treas of LECO sold 12,820.00 shares for a total of $3,178,718.56.
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Lincoln Electric Holdings (LECO) Company Description:
Lincoln Electric Holdings, Inc. engages in the manufacture 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 firm offers 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. The company was founded on 1895 and is headquartered in Cleveland, OH.
Read More on LECO:
- Lincoln Electric price target raised to $241 from $239 at Stifel
- Lincoln Electric price target raised to $205 from $200 at Morgan Stanley
- Lincoln Electric appoints Edwards as CHRO
- Lincoln Electric Appoints Michele Kuhrt as Chief Transformation Officer
- Lincoln Electric appoints Kuhrt as Chief Transformation Officer
