Markets
Oppenheimer analyst Bryan Blair assigned a Buy rating to Rexnord (RXN – Research Report) today and set a price target of $54.00. The company’s shares closed last Tuesday at $50.21, close to its 52-week high of $51.54.
According to TipRanks.com, Blair is a 5-star analyst with an average return of 27.1% and a 73.9% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Altra Industrial Motion.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rexnord with a $53.80 average price target, implying a 6.5% upside from current levels. In a report issued on April 13, Deutsche Bank also maintained a Buy rating on the stock with a $54.00 price target.
Company s 52-week low was at $68.12
Price action over last quarter: Up 8.82%
Company Profile
Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. The firm s portfolio of products includes arc-welding solutions, plasma and oxy-fuel cutting systems, and brazing and soldering alloys, as well as automation solutions. Lincoln Electric serves clients in the general fabrication, heavy industries, automotive, construction, shipbuilding, energy and process industries, among other end markets. Based in Cleveland, Ohio, Lincoln Electric has operations in 19 countries and has 11,000 employees worldwide. The company generated roughly $2.7 billion in sales and $328 million in adjusted operating income in 2020.
Source: Harris/Lincoln
David J. Nangle, EVP, President of The Harris Products Group
Nangle will be succeeded by Gregory Doria, who has been promoted to Senior Vice-President, Chief Operating Officer, of The Harris Products Group, a wholly-owned subsidiary of Lincoln Electric Holdings, Inc.
Nangle joined Lincoln in 1979 and held various sales management leadership positions before being named President of the company’s Harris Calorific subsidiary in 1999, followed by President of the company’s retail subsidiary, WCTA LLC in 2003, and President of J.W. Harris Co. in 2005.
As Executive Vice-President, President of The Harris Products Group, Nangle oversaw 15 years of record sales and profitability growth in the segment through transformational commercial and operational initiatives.
Earnings Scheduled For April 27, 2021 benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Markets
In a report released today, Bryan Blair from Oppenheimer assigned a Hold rating to Graco (GGG – Research Report). The company’s shares closed last Wednesday at $77.06.
According to TipRanks.com, Blair is a 5-star analyst with an average return of 25.0% and a 74.4% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Altra Industrial Motion.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Graco with a $77.50 average price target.
Graco’s market cap is currently $12.84B and has a P/E ratio of 39.70. The company has a Price to Book ratio of 16.57.