Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Equities research analysts at Gabelli raised their FY2018 earnings estimates for shares of Lincoln Electric in a report issued on Thursday. Gabelli analyst M. Trusz now expects that the industrial products company will post earnings per share of $4.65 for the year, up from their prior 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.
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, topping the consensus estimate of $0.96 by $0.05. The firm had revenue of $747.19 million for the quarter, compared to analyst estimates of $696.97 million. Lincoln Electric had a net margin of 9.43% and a return on equity of 29.36%. Lincoln Electric’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 earnings per share.
Several other research firms have also weighed in on LECO. Zacks Investment Research upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research note on Monday, January 8th. Barclays increased their price objective 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. 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 shares of Lincoln Electric from $100.00 to $92.00 and set a “hold” rating for the company in a research report on Monday, October 30th. Finally, BidaskClub cut shares of Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $105.20.
Lincoln Electric (NASDAQ:LECO) traded down $2.17 on Monday, reaching $91.24. 498,400 shares of the company traded hands, compared to its average volume of 468,402. The firm has a market capitalization of $5,999.55, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 1.68 and a beta of 1.04. Lincoln Electric has a 52-week low of $81.85 and a 52-week high of $101.34. The company has a current ratio of 2.55, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75.
A number of hedge funds and other institutional investors have recently bought and sold shares of LECO. Amundi Pioneer Asset Management Inc. bought a new position in Lincoln Electric in the 4th quarter worth about $56,904,000. Prudential Financial Inc. boosted its holdings in shares of Lincoln Electric by 584.5% in the third quarter. Prudential Financial Inc. now owns 691,029 shares of the industrial products company’s stock valued at $63,353,000 after acquiring an additional 590,070 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its holdings in shares of Lincoln Electric by 1,285.3% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 301,350 shares of the industrial products company’s stock valued at $27,627,000 after acquiring an additional 279,596 shares in the last quarter. KAMES CAPITAL plc bought a new position in shares of Lincoln Electric in the fourth quarter valued at approximately $23,770,000. Finally, FMR LLC bought a new position in shares of Lincoln Electric in the second quarter valued at approximately $23,713,000. 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.
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