Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Stock analysts at Oppenheimer Holdings increased their Q4 2017 earnings per share estimates for Lincoln Electric Holdings in a research report issued to clients and investors on Monday, Zacks Investment Research reports. Oppenheimer Holdings analyst J. Giannakouros now expects that the industrial products company will post earnings per share of $0.97 for the quarter, up from their prior forecast of $0.94. Oppenheimer Holdings has a “Hold” rating on the stock.
Lincoln Electric Holdings (NASDAQ:LECO) last posted its earnings results on Friday, October 27th. The industrial products company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.01). Lincoln Electric Holdings had a net margin of 11.34% and a return on equity of 28.97%. The firm had revenue of $669.50 million during the quarter, compared to the consensus estimate of $658.48 million. During the same quarter in the prior year, the business posted $0.89 earnings per share. Lincoln Electric Holdings’s revenue for the quarter was up 17.9% compared to the same quarter last year.
A number of other brokerages have also recently commented on LECO. BidaskClub cut Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Stifel Nicolaus dropped their target price on Lincoln Electric Holdings from $100.00 to $92.00 and set a “hold” rating on the stock in a report on Monday, October 30th. Zacks Investment Research lowered Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. FBR & Co reiterated a “buy” rating on shares of Lincoln Electric Holdings in a report on Monday, August 21st. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Lincoln Electric Holdings in a research note on Monday, October 30th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Lincoln Electric Holdings presently has a consensus rating of “Hold” and an average target price of $96.43.
Lincoln Electric Holdings (NASDAQ LECO) traded up $0.07 during midday trading on Wednesday, reaching $86.57. The company had a trading volume of 123,414 shares, compared to its average volume of 366,381. The company has a quick ratio of 1.83, a current ratio of 2.55 and a debt-to-equity ratio of 0.75. Lincoln Electric Holdings has a fifty-two week low of $70.38 and a fifty-two week high of $99.59. The firm has a market capitalization of $5,670.00, a PE ratio of 24.30, a P/E/G ratio of 2.21 and a beta of 1.09.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a $0.39 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.56 annualized dividend and a dividend yield of 1.80%. This is an increase from Lincoln Electric Holdings’s previous quarterly dividend of $0.35. Lincoln Electric Holdings’s dividend payout ratio is presently 33.73%.
In related news, VP Michele R. Kuhrt sold 3,080 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $88.55, for a total value of $272,734.00. Following the sale, the vice president now owns 14,449 shares in the company, valued at approximately $1,279,458.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.27% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in shares of Lincoln Electric Holdings by 4.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,270,096 shares of the industrial products company’s stock valued at $116,964,000 after buying an additional 59,464 shares during the period. FMR LLC purchased a new position in shares of Lincoln Electric Holdings during the second quarter valued at about $23,713,000. The Manufacturers Life Insurance Company grew its position in shares of Lincoln Electric Holdings by 1.9% during the second quarter. The Manufacturers Life Insurance Company now owns 91,019 shares of the industrial products company’s stock valued at $8,381,000 after purchasing an additional 1,739 shares in the last quarter. Tradition Capital Management LLC grew its position in shares of Lincoln Electric Holdings by 1,469.7% during the second quarter. Tradition Capital Management LLC now owns 45,426 shares of the industrial products company’s stock valued at $4,183,000 after purchasing an additional 42,532 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. grew its position in shares of Lincoln Electric Holdings by 0.5% during the second quarter. Bbva Compass Bancshares Inc. now owns 6,552 shares of the industrial products company’s stock valued at $603,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 60.97% of the company’s stock.
Lincoln Electric Holdings 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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