FY2019 EPS Estimates for Lincoln Electric Holdings, Inc. Cut by KeyCorp (LECO)

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Analysts at KeyCorp reduced their FY2019 EPS estimates for Lincoln Electric in a note issued to investors on Sunday, April 14th. KeyCorp analyst S. Barger now anticipates that the industrial products company will post earnings of $5.14 per share for the year, down from their previous estimate of $5.16. KeyCorp also issued estimates for Lincoln Electric’s FY2020 earnings at $5.41 EPS.

Several other equities analysts have also issued reports on the company. BidaskClub upgraded Lincoln Electric from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Wellington Shields lowered Lincoln Electric from a “gradually accumulate” rating to a “hold” rating and set a $97.00 price target on the stock. in a research report on Friday, February 15th. Vertical Research lowered Lincoln Electric from a “hold” rating to a “sell” rating and set a $80.00 price target on the stock. in a research report on Friday, February 15th. Zacks Investment Research upgraded Lincoln Electric from a “sell” rating to a “hold” rating in a research report on Monday, January 21st. Finally, Jefferies Financial Group started coverage on Lincoln Electric in a research report on Friday, January 25th. They set a “buy” rating and a $100.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Lincoln Electric presently has a consensus rating of “Hold” and a consensus target price of $96.00.

Shares of Lincoln Electric stock opened at $89.83 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.63 and a current ratio of 2.30. The stock has a market cap of $5.69 billion, a PE ratio of 18.64, a PEG ratio of 1.39 and a beta of 1.19. Lincoln Electric has a 12 month low of $72.28 and a 12 month high of $97.93.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Thursday, February 14th. The industrial products company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.20 by $0.09. The firm had revenue of $744.00 million for the quarter, compared to analyst estimates of $763.57 million. Lincoln Electric had a return on equity of 33.87% and a net margin of 9.48%. The company’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 EPS.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Lincoln Electric by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,003,585 shares of the industrial products company’s stock worth $560,975,000 after buying an additional 89,009 shares during the period. Morgan Stanley lifted its holdings in Lincoln Electric by 118.3% in the 3rd quarter. Morgan Stanley now owns 208,775 shares of the industrial products company’s stock worth $19,507,000 after buying an additional 113,117 shares during the period. AQR Capital Management LLC lifted its holdings in Lincoln Electric by 517.0% in the 3rd quarter. AQR Capital Management LLC now owns 27,183 shares of the industrial products company’s stock worth $2,540,000 after buying an additional 22,777 shares during the period. Comerica Bank lifted its holdings in Lincoln Electric by 1.2% in the 4th quarter. Comerica Bank now owns 42,775 shares of the industrial products company’s stock worth $3,686,000 after buying an additional 503 shares during the period. Finally, State of Tennessee Treasury Department lifted its holdings in Lincoln Electric by 2.0% in the 4th quarter. State of Tennessee Treasury Department now owns 62,384 shares of the industrial products company’s stock worth $4,919,000 after buying an additional 1,240 shares during the period. Institutional investors and hedge funds own 71.62% of the company’s stock.

In related news, Director Hellene S. Runtagh sold 2,531 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $84.23, for a total transaction of $213,186.13. Following the transaction, the director now directly owns 24,878 shares in the company, valued at approximately $2,095,473.94. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Christopher L. Mapes sold 12,503 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $87.50, for a total value of $1,094,012.50. Following the transaction, the chairman now owns 231,232 shares in the company, valued at $20,232,800. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,826 shares of company stock worth $1,376,530. 3.39% of the stock is owned by corporate insiders.

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.47 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.88 annualized dividend and a yield of 2.09%. Lincoln Electric’s payout ratio is 39.00%.

About Lincoln Electric

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

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Earnings History and Estimates for Lincoln Electric (NASDAQ:LECO)

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