Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Stock analysts at FBR & Co increased their Q4 2017 earnings estimates for Lincoln Electric Holdings in a research note issued on Friday. FBR & Co analyst L. Burke now forecasts that the industrial products company will earn $0.94 per share for the quarter, up from their previous estimate of $0.89. FBR & Co currently has a “Buy” rating and a $115.00 price target on the stock. FBR & Co also issued estimates for Lincoln Electric Holdings’ FY2018 earnings at $4.21 EPS.
Lincoln Electric Holdings (NASDAQ:LECO) last announced its quarterly earnings results on Friday, October 27th. The industrial products company reported $0.93 earnings per share (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 30.48%. The firm had revenue of $669.50 million for the quarter, compared to the consensus estimate of $658.48 million. During the same period in the prior year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. TRADEMARK VIOLATION WARNING: “FBR & Co Analysts Raise Earnings Estimates for Lincoln Electric Holdings, Inc. (LECO)” was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/10/31/fbr-co-analysts-raise-earnings-estimates-for-lincoln-electric-holdings-inc-leco.html.
A number of other research firms have also recently commented on LECO. BidaskClub cut shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Stifel Nicolaus dropped their target price on shares of Lincoln Electric Holdings from $100.00 to $92.00 and set a “hold” rating for the company in a report on Monday. Royal Bank Of Canada reissued a “hold” rating on shares of Lincoln Electric Holdings in a report on Monday. Zacks Investment Research cut shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Deutsche Bank AG raised shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a report on Friday, August 4th. Twelve analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Lincoln Electric Holdings presently has an average rating of “Hold” and an average target price of $97.14.
Shares of Lincoln Electric Holdings (NASDAQ LECO) traded up 0.60% during trading on Monday, hitting $91.09. 78,108 shares of the company’s stock were exchanged. Lincoln Electric Holdings has a 1-year low of $63.49 and a 1-year high of $99.59. The stock’s 50-day moving average price is $93.31 and its 200-day moving average price is $90.66. The stock has a market cap of $6.00 billion, a PE ratio of 26.33 and a beta of 1.01.
A number of hedge funds and other institutional investors have recently modified their holdings of LECO. UBS Asset Management Americas Inc. raised its holdings in Lincoln Electric Holdings by 14.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 37,207 shares of the industrial products company’s stock valued at $3,232,000 after buying an additional 4,805 shares during the last quarter. Neuberger Berman Group LLC bought a new position in Lincoln Electric Holdings in the 1st quarter valued at approximately $276,000. Teachers Advisors LLC raised its holdings in Lincoln Electric Holdings by 24.3% in the 1st quarter. Teachers Advisors LLC now owns 81,797 shares of the industrial products company’s stock valued at $7,105,000 after buying an additional 15,989 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in Lincoln Electric Holdings by 5.2% in the 1st quarter. TIAA CREF Investment Management LLC now owns 114,088 shares of the industrial products company’s stock valued at $9,910,000 after buying an additional 5,624 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Lincoln Electric Holdings by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 524,325 shares of the industrial products company’s stock valued at $45,542,000 after buying an additional 27,648 shares during the last quarter. Institutional investors and hedge funds own 60.60% of the company’s stock.
In related news, VP Michele R. Kuhrt sold 3,080 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $88.55, for a total value of $272,734.00. Following the completion of the transaction, the vice president now owns 14,449 shares in the company, valued at approximately $1,279,458.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.27% of the stock is owned by company insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Thursday, December 28th. This is a positive change from Lincoln Electric Holdings’s previous quarterly dividend of $0.35. Lincoln Electric Holdings’s dividend payout ratio (DPR) is 33.65%.
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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