Price Don’t Lie: Will Lincoln Electric Holdings, Inc. Run Out of Steam Soon?

Price Don't Lie: Will Lincoln Electric Holdings, Inc. Run Out of Steam Soon?

The stock of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) reached all time high today, Nov, 14 and still has $119.43 target or 54.00% above today’s $77.55 share price. This indicates more upside for the $5.12B company. This technical setup was reported by Barchart.com. If the $119.43 PT is reached, the company will be worth $2.76 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 472,515 shares traded hands. Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has risen 26.33% since April 12, 2016 and is uptrending. It has outperformed by 21.34% the S&P500.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Ratings Coverage

Out of 9 analysts covering Lincoln Electric (NASDAQ:LECO), 3 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 33% are positive. Lincoln Electric has been the topic of 16 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock has “Equal Weight” rating given by Barclays Capital on Monday, November 2. The rating was initiated by Oppenheimer with “Market Perform” on Wednesday, April 27. KeyBanc Capital Markets upgraded the stock to “Overweight” rating in Monday, April 4 report. Robert W. Baird initiated Lincoln Electric Holdings, Inc. (NASDAQ:LECO) rating on Friday, September 25. Robert W. Baird has “Neutral” rating and $57 price target. The rating was downgraded by Longbow to “Neutral” on Thursday, October 8. RBC Capital Markets maintained the shares of LECO in a report on Tuesday, July 28 with “Sector Perform” rating. The stock of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has “Equal-Weight” rating given on Wednesday, October 12 by Barclays Capital. Wunderlich maintained Lincoln Electric Holdings, Inc. (NASDAQ:LECO) on Wednesday, July 20 with “Buy” rating. The stock of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has “Hold” rating given on Wednesday, September 7 by Deutsche Bank. The company was initiated on Thursday, April 14 by William Blair.

According to Zacks Investment Research, “Lincoln Electric Holdings, Inc. is a full-line manufacturer of welding and cutting products and integral horsepower industrial electric motors. Welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The company’s welding product offering also includes regulators and torches used in oxy-fuel welding and cutting. The company’s products are sold in both domestic and international markets.”

Insitutional Activity: The institutional sentiment increased to 0.93 in Q2 2016. Its up 0.14, from 0.79 in 2016Q1. The ratio improved, as 22 funds sold all Lincoln Electric Holdings, Inc. shares owned while 93 reduced positions. 32 funds bought stakes while 75 increased positions. They now own 43.22 million shares or 8.45% less from 47.21 million shares in 2016Q1.
Timessquare Capital Mgmt Ltd Liability Com last reported 0.1% of its portfolio in the stock. Trust Of Vermont accumulated 65 shares or 0% of the stock. The Massachusetts-based Panagora Asset Mgmt has invested 0.04% in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). The Kentucky-based Hl Financial Services Limited Liability has invested 0.01% in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). Tower Research Cap Ltd Liability Corporation (Trc) has 3,992 shares for 0.02% of their US portfolio. The Connecticut-based Verition Fund Mgmt Limited Liability Company has invested 0.08% in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). Natl Investment Service Incorporated Wi accumulated 0.28% or 4,126 shares. Nomura has 21,640 shares for 0% of their US portfolio. Bnp Paribas Investment has invested 0% of its portfolio in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). Quantbot Technologies Lp has 0% invested in the company for 381 shares. Tiaa Cref Investment Ltd Liability Corporation accumulated 0% or 109,260 shares. Pnc Svcs Gru has 29,189 shares for 0% of their US portfolio. State Of Tennessee Treasury Department, a Tennessee-based fund reported 22,600 shares. Art Lc owns 39,860 shares or 0.12% of their US portfolio. Moreover, Stellar Cap Mgmt Ltd Liability Corporation has 1.65% invested in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) for 25,662 shares.

Insider Transactions: Since October 21, 2016, the stock had 0 buys, and 4 selling transactions for $5.00 million net activity. $3.09 million worth of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) was sold by BLANKENSHIP GEORGE D on Tuesday, October 25. Another trade for 10,340 shares valued at $661,760 was made by Flohn Thomas A on Friday, October 21. 1,120 shares with value of $72,800 were sold by Allman Geoffrey P on Tuesday, October 25. 18,200 shares were sold by STUEBER FREDERICK G, worth $1.18 million on Tuesday, October 25.

More news for Lincoln Electric Holdings, Inc. (NASDAQ:LECO) were recently published by: Cleveland.com, which released: “Lincoln Electric profits down sharply for 2nd quarter 2016” on July 26, 2016. Nasdaq.com‘s article titled: “Lincoln Electric Holdings, Inc. (LECO) Ex-Dividend Date Scheduled for …” and published on September 27, 2016 is yet another important article.

LECO Company Profile

Lincoln Electric Holdings, Inc., incorporated on January 22, 1998, is a maker of welding, cutting and brazing products. The Company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company’s operating divisions include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group. The Company’s product offering also includes computer numeric controlled (CNC) plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting and brazing. In addition, the Company is also engaged in brazing and soldering alloys activities.

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