Robert W. Baird Maintains Their Buy Rating on Lincoln Electric Holdings (LECO)

Robert W. Baird analyst Mircea Dobre maintained a Buy rating on Lincoln Electric Holdings (LECOResearch Report) on February 11 and set a price target of $158.00. The company’s shares closed last Friday at $125.96.

According to, Dobre is a 5-star analyst with an average return of 17.4% and a 54.1% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Mayville Engineering Company, Zurn Water Solutions, and Illinois Tool Works.

Lincoln Electric Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $155.00, which is a 21.0% upside from current levels. In a report issued on February 10, Oppenheimer also reiterated a Buy rating on the stock with a $160.00 price target.

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Based on Lincoln Electric Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $844 million and net profit of $74.43 million. In comparison, last year the company earned revenue of $694 million and had a net profit of $65.08 million.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is neutral on the stock.

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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.

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