Lincoln Electric Holdings, Inc. (NASDAQ:LECO)‘s stock had its “buy” rating restated by stock analysts at FBR & Co in a report released on Friday, Marketbeat.com reports. They currently have a $115.00 target price on the industrial products company’s stock, up from their previous target price of $105.00. FBR & Co’s price target suggests a potential upside of 24.53% from the company’s current price. FBR & Co also issued estimates for Lincoln Electric Holdings’ Q4 2017 earnings at $0.94 EPS and FY2018 earnings at $4.21 EPS.
A number of other brokerages also recently commented on LECO. BidaskClub downgraded Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Stifel Nicolaus reiterated a “hold” rating and set a $95.00 price objective on shares of Lincoln Electric Holdings in a research report on Wednesday, October 4th. Zacks Investment Research downgraded Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Deutsche Bank AG upgraded Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Friday, August 4th. Finally, ValuEngine upgraded Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, September 13th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $97.14.
Lincoln Electric Holdings (NASDAQ LECO) traded down 1.39% during trading on Friday, hitting $91.07. The stock had a trading volume of 330,133 shares. Lincoln Electric Holdings has a 12 month low of $63.49 and a 12 month high of $99.59. The company’s 50 day moving average is $93.23 and its 200-day moving average is $90.52. The company has a market cap of $6.00 billion, a PE ratio of 26.32 and a beta of 1.01.
Lincoln Electric Holdings (NASDAQ:LECO) last announced its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Lincoln Electric Holdings had a return on equity of 30.48% and a net margin of 11.34%. The company had revenue of $669.50 million for the quarter, compared to analysts’ expectations of $658.48 million. During the same quarter in the previous year, the business posted $0.89 EPS. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, equities research analysts predict that Lincoln Electric Holdings will post $3.76 earnings per share for the current year.
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In other Lincoln Electric Holdings news, VP Michele R. Kuhrt sold 3,080 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $88.55, for a total transaction of $272,734.00. Following the completion of the sale, the vice president now owns 14,449 shares of the company’s stock, valued at $1,279,458.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.27% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. grew its stake in shares of Lincoln Electric Holdings by 7.9% in the third quarter. Victory Capital Management Inc. now owns 19,517 shares of the industrial products company’s stock valued at $1,789,000 after buying an additional 1,421 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Lincoln Electric Holdings in the third quarter valued at $617,000. Nationwide Fund Advisors grew its stake in shares of Lincoln Electric Holdings by 1.3% in the third quarter. Nationwide Fund Advisors now owns 133,596 shares of the industrial products company’s stock valued at $12,248,000 after buying an additional 1,662 shares in the last quarter. APG Asset Management N.V. acquired a new stake in shares of Lincoln Electric Holdings in the third quarter valued at $4,474,000. Finally, Oakbrook Investments LLC grew its stake in shares of Lincoln Electric Holdings by 134.0% in the third quarter. Oakbrook Investments LLC now owns 6,200 shares of the industrial products company’s stock valued at $568,000 after buying an additional 3,550 shares in the last quarter. 60.60% of the stock is owned by institutional investors and hedge funds.
About Lincoln Electric Holdings
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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