Lincoln Electric (NASDAQ:LECO) – Investment analysts at Oppenheimer dropped their Q2 2018 EPS estimates for shares of Lincoln Electric in a research note issued to investors on Monday, April 23rd. Oppenheimer analyst J. Giannakouros now expects that the industrial products company will earn $1.20 per share for the quarter, down from their previous estimate of $1.22. Oppenheimer has a “Outperform” rating and a $105.00 price target on the stock. Oppenheimer also issued estimates for Lincoln Electric’s Q4 2018 earnings at $1.27 EPS.
Several other brokerages also recently commented on LECO. Barclays lifted their target price on shares of Lincoln Electric from $90.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Zacks Investment Research downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. BidaskClub raised shares of Lincoln Electric from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 16th. Finally, Stifel Nicolaus raised shares of Lincoln Electric from a “hold” rating to a “buy” rating and boosted their price objective for the company from $97.00 to $116.00 in a research report on Tuesday, January 16th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Lincoln Electric has a consensus rating of “Buy” and an average target price of $104.30.
Shares of NASDAQ LECO opened at $84.78 on Thursday. The company has a current ratio of 2.60, a quick ratio of 1.94 and a debt-to-equity ratio of 0.76. Lincoln Electric has a 52 week low of $83.30 and a 52 week high of $101.34. The firm has a market capitalization of $5,613.04, a P/E ratio of 22.37, a PEG ratio of 1.57 and a beta of 1.10.
Lincoln Electric (NASDAQ:LECO) last issued its earnings results on Monday, April 23rd. The industrial products company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.08 by $0.02. Lincoln Electric had a net margin of 9.01% and a return on equity of 29.39%. The company had revenue of $757.70 million for the quarter, compared to the consensus estimate of $737.87 million. During the same period in the previous year, the firm earned $0.88 earnings per share. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis.
Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in shares of Lincoln Electric by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 531,479 shares of the industrial products company’s stock worth $48,726,000 after buying an additional 12,479 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Lincoln Electric by 95.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 46,256 shares of the industrial products company’s stock worth $4,241,000 after buying an additional 22,546 shares during the period. Prudential Financial Inc. grew its position in shares of Lincoln Electric by 584.5% in the 3rd quarter. Prudential Financial Inc. now owns 691,029 shares of the industrial products company’s stock worth $63,353,000 after buying an additional 590,070 shares during the period. Sit Investment Associates Inc. grew its position in shares of Lincoln Electric by 4.5% in the 4th quarter. Sit Investment Associates Inc. now owns 18,845 shares of the industrial products company’s stock worth $1,726,000 after buying an additional 815 shares during the period. Finally, KAMES CAPITAL plc purchased a new stake in shares of Lincoln Electric in the 4th quarter worth about $23,770,000. 66.86% of the stock is currently owned by institutional investors and hedge funds.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, June 28th. Lincoln Electric’s payout ratio is currently 41.16%.
Lincoln Electric Company Profile
Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company's welding products include arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.
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