Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Research analysts at Gabelli increased their FY2018 earnings per share estimates for shares of Lincoln Electric in a note issued to investors on Thursday. Gabelli analyst M. Trusz now expects that the industrial products company will earn $4.65 per share for the year, up from their previous estimate of $4.25. Gabelli also issued estimates for Lincoln Electric’s FY2019 earnings at $5.25 EPS and FY2022 earnings at $6.80 EPS.
Several other research firms have also commented on LECO. Zacks Investment Research upgraded Lincoln Electric from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a research report on Monday, January 8th. Barclays raised their price target on Lincoln Electric from $90.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Oppenheimer restated a “hold” rating on shares of Lincoln Electric in a research report on Tuesday, December 12th. Stifel Nicolaus decreased their target price on Lincoln Electric from $100.00 to $92.00 and set a “hold” rating for the company in a report on Monday, October 30th. Finally, BidaskClub lowered Lincoln Electric from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 3rd. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Lincoln Electric has a consensus rating of “Buy” and an average target price of $105.20.
Lincoln Electric (NASDAQ LECO) opened at $91.24 on Monday. Lincoln Electric has a 52-week low of $81.85 and a 52-week high of $101.34. The company has a market capitalization of $6,000.00, a price-to-earnings ratio of 22.04, a PEG ratio of 1.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.55.
Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Wednesday, February 14th. The industrial products company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.96 by $0.05. Lincoln Electric had a return on equity of 29.36% and a net margin of 9.43%. The business had revenue of $747.19 million during the quarter, compared to analyst estimates of $696.97 million. During the same period last year, the business posted $0.81 earnings per share. The company’s quarterly revenue was up 32.5% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the stock. Delpha Capital Management LLC purchased a new position in Lincoln Electric in the fourth quarter valued at $143,000. We Are One Seven LLC purchased a new position in Lincoln Electric in the fourth quarter valued at $196,000. Elefante Mark B purchased a new position in Lincoln Electric in the fourth quarter valued at $211,000. Dynamic Technology Lab Private Ltd purchased a new position in Lincoln Electric in the second quarter valued at $219,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Lincoln Electric in the third quarter valued at $219,000. Hedge funds and other institutional investors own 64.05% of the company’s stock.
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Lincoln Electric Company Profile
Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three 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.
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