Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Research analysts at Seaport Global Securities increased their FY2018 earnings per share estimates for shares of Lincoln Electric in a note issued to investors on Thursday. Seaport Global Securities analyst W. Liptak now expects that the industrial products company will earn $4.86 per share for the year, up from their previous estimate of $4.29. Seaport Global Securities currently has a “Buy” rating and a $110.00 price objective on the stock. Seaport Global Securities also issued estimates for Lincoln Electric’s Q3 2019 earnings at $1.48 EPS.
Several other research analysts have also commented on LECO. FBR & Co restated a “buy” rating and set a $115.00 price target (up from $105.00) on shares of Lincoln Electric in a research report on Friday, October 27th. Stifel Nicolaus lowered their price target on Lincoln Electric from $100.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, October 30th. Oppenheimer reiterated a “hold” rating on shares of Lincoln Electric in a report on Monday, October 30th. Royal Bank of Canada reiterated a “hold” rating on shares of Lincoln Electric in a report on Monday, October 30th. Finally, Zacks Investment Research upgraded Lincoln Electric from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a report on Tuesday, October 31st. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Lincoln Electric presently has an average rating of “Buy” and an average price target of $105.20.
Lincoln Electric (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.
A number of large investors have recently added to or reduced their stakes in LECO. FMR LLC purchased a new position in Lincoln Electric in the second quarter valued at $23,713,000. Royal Bank of Canada boosted its holdings in Lincoln Electric by 8.4% in the second quarter. Royal Bank of Canada now owns 24,859 shares of the industrial products company’s stock valued at $2,290,000 after purchasing an additional 1,922 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new stake in Lincoln Electric during the 2nd quarter worth about $1,425,000. Cubist Systematic Strategies LLC lifted its holdings in Lincoln Electric by 311.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,470 shares of the industrial products company’s stock worth $227,000 after buying an additional 1,870 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Lincoln Electric by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 91,019 shares of the industrial products company’s stock worth $8,381,000 after buying an additional 1,739 shares during the last quarter. Hedge funds and other institutional investors own 64.05% of the company’s stock.
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About Lincoln Electric
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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