Lincoln Electric (LECO) Stock Rating Reaffirmed by Seaport Global Securities

Seaport Global Securities reissued their buy rating on shares of Lincoln Electric (NASDAQ:LECO) in a research note published on Thursday. They currently have a $110.00 target price on the industrial products company’s stock. Seaport Global Securities also issued estimates for Lincoln Electric’s Q1 2018 earnings at $1.02 EPS, Q2 2018 earnings at $1.22 EPS, Q3 2018 earnings at $1.32 EPS, Q4 2018 earnings at $1.30 EPS, Q1 2019 earnings at $1.18 EPS, Q2 2019 earnings at $1.38 EPS, Q4 2019 earnings at $1.45 EPS and FY2019 earnings at $5.49 EPS.

Several other research analysts have also recently weighed in on the stock. B. Riley set a $115.00 price objective on shares of Lincoln Electric and gave the company a buy rating in a report on Thursday. BidaskClub cut shares of Lincoln Electric from a buy rating to a hold rating in a report on Friday, February 9th. Zacks Investment Research cut shares of Lincoln Electric from a buy rating to a hold rating in a report on Wednesday, February 7th. Barclays boosted their price objective on shares of Lincoln Electric from $90.00 to $96.00 and gave the company a hold rating in a report on Wednesday, January 24th. 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 report on Tuesday, January 16th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $105.20.

Lincoln Electric (NASDAQ:LECO) opened at $91.24 on Thursday. The company has a current ratio of 2.55, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75. Lincoln Electric has a twelve month low of $81.85 and a twelve month high of $101.34. The firm has a market cap of $5,999.55, a P/E ratio of 24.07, a PEG ratio of 1.68 and a beta of 1.04.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings data on Wednesday, February 14th. The industrial products company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.05. Lincoln Electric had a net margin of 9.43% and a return on equity of 29.36%. The firm had revenue of $747.19 million during the quarter, compared to analysts’ expectations of $696.97 million. During the same period in the previous year, the company earned $0.81 earnings per share. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. analysts anticipate that Lincoln Electric will post 4.72 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Delpha Capital Management LLC purchased a new stake in Lincoln Electric during the fourth quarter valued at approximately $143,000. We Are One Seven LLC purchased a new stake in Lincoln Electric during the fourth quarter valued at approximately $196,000. Elefante Mark B purchased a new stake in Lincoln Electric during the fourth quarter valued at approximately $211,000. Dynamic Technology Lab Private Ltd purchased a new stake in Lincoln Electric during the second quarter valued at approximately $219,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Lincoln Electric during the third quarter valued at approximately $219,000. 65.45% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Lincoln Electric (NASDAQ:LECO)

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Lincoln Electric (LECO) Stock Rating Reaffirmed by Seaport Global Securities

Seaport Global Securities reissued their buy rating on shares of Lincoln Electric (NASDAQ:LECO) in a research report report published on Thursday. The brokerage currently has a $110.00 price objective on the industrial products company’s stock. Seaport Global Securities also issued estimates for Lincoln Electric’s Q1 2018 earnings at $1.02 EPS, Q2 2018 earnings at $1.22 EPS, Q3 2018 earnings at $1.32 EPS, Q4 2018 earnings at $1.30 EPS, Q1 2019 earnings at $1.18 EPS, Q2 2019 earnings at $1.38 EPS, Q4 2019 earnings at $1.45 EPS and FY2019 earnings at $5.49 EPS.

LECO has been the subject of a number of other reports. Zacks Investment Research cut shares of Lincoln Electric from a buy rating to a hold rating in a research note on Thursday, January 11th. FBR & Co reissued a buy rating and issued a $115.00 price objective (up from $105.00) on shares of Lincoln Electric in a research note on Friday, October 27th. Oppenheimer reissued a hold rating on shares of Lincoln Electric in a research note on Monday, October 30th. B. Riley reissued a buy rating on shares of Lincoln Electric in a research note on Wednesday, November 1st. Finally, KeyCorp reissued a hold rating on shares of Lincoln Electric in a research note on Friday, October 20th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Lincoln Electric has a consensus rating of Buy and a consensus price target of $105.20.

Shares of Lincoln Electric (LECO) opened at $91.24 on Thursday. Lincoln Electric has a twelve month low of $81.85 and a twelve month high of $101.34. The company has a market cap of $5,999.55, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 1.68 and a beta of 1.04. The company has a current ratio of 2.55, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Wednesday, February 14th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.05. The firm had revenue of $747.19 million during the quarter, compared to analysts’ expectations of $696.97 million. Lincoln Electric had a net margin of 9.43% and a return on equity of 29.36%. The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 earnings per share. equities research analysts predict that Lincoln Electric will post 4.72 EPS for the current year.

Several large investors have recently modified their holdings of LECO. GSA Capital Partners LLP bought a new position in shares of Lincoln Electric during the second quarter worth $280,000. FMR LLC bought a new position in shares of Lincoln Electric during the second quarter worth $23,713,000. Royal Bank of Canada boosted its position in shares of Lincoln Electric by 8.4% during the second quarter. Royal Bank of Canada now owns 24,859 shares of the industrial products company’s stock worth $2,290,000 after acquiring an additional 1,922 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Lincoln Electric during the second quarter worth $1,425,000. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Lincoln Electric by 311.7% during the second quarter. Cubist Systematic Strategies LLC now owns 2,470 shares of the industrial products company’s stock worth $227,000 after acquiring an additional 1,870 shares during the last quarter. Hedge funds and other institutional investors own 65.45% 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.

Analyst Recommendations for Lincoln Electric (NASDAQ:LECO)

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