Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Equities research analysts at FBR & Co issued their FY2017 earnings per share estimates for shares of Lincoln Electric Holdings in a note issued to investors on Tuesday. FBR & Co analyst L. Burke expects that the industrial products company will earn $3.55 per share for the year. FBR & Co currently has a “Outperform” rating on the stock. FBR & Co also issued estimates for Lincoln Electric Holdings’ FY2018 earnings at $3.81 EPS.
Lincoln Electric Holdings (NASDAQ:LECO) last posted its earnings results on Tuesday, April 18th. The industrial products company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.09. The business had revenue of $580.90 million for the quarter, compared to analysts’ expectations of $568.31 million. Lincoln Electric Holdings had a net margin of 8.70% and a return on equity of 30.17%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. TRADEMARK VIOLATION WARNING: This piece of content was reported by BBNS and is the property of of BBNS. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://baseballnewssource.com/markets/lincoln-electric-holdings-inc-expected-to-post-fy2017-earnings-of-3-55-per-share-nasdaqleco-updated-updated-updated/1196615.html.
Several other analysts have also recently weighed in on LECO. Zacks Investment Research upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Tuesday, June 20th. Stifel Nicolaus lifted their price objective on shares of Lincoln Electric Holdings from $84.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, March 27th. Barclays PLC reiterated an “equal weight” rating and issued a $82.00 price objective (up previously from $75.00) on shares of Lincoln Electric Holdings in a research note on Saturday, April 22nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $93.00 price objective on shares of Lincoln Electric Holdings in a research note on Tuesday, June 27th. Finally, Deutsche Bank AG dropped their target price on shares of Lincoln Electric Holdings from $100.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, April 28th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $84.71.
Shares of Lincoln Electric Holdings (LECO) opened at 92.88 on Friday. The company has a market cap of $6.11 billion, a PE ratio of 31.09 and a beta of 0.98. The company has a 50-day moving average of $91.57 and a 200-day moving average of $86.04. Lincoln Electric Holdings has a 1-year low of $59.03 and a 1-year high of $97.97.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, June 28th. Lincoln Electric Holdings’s dividend payout ratio (DPR) is presently 46.82%.
In related news, Director G Russell Lincoln sold 22,500 shares of Lincoln Electric Holdings stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $88.87, for a total transaction of $1,999,575.00. Following the sale, the director now directly owns 248,032 shares of the company’s stock, valued at approximately $22,042,603.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David H. Gunning sold 5,000 shares of Lincoln Electric Holdings stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $90.00, for a total transaction of $450,000.00. Following the sale, the director now directly owns 9,146 shares in the company, valued at $823,140. The disclosure for this sale can be found here. Insiders have sold a total of 60,930 shares of company stock worth $5,529,686 over the last ninety days. 3.27% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of LECO. Meadow Creek Investment Management LLC raised its stake in Lincoln Electric Holdings by 6.6% in the first quarter. Meadow Creek Investment Management LLC now owns 1,808 shares of the industrial products company’s stock worth $157,000 after buying an additional 112 shares during the last quarter. Park National Corp OH acquired a new stake in Lincoln Electric Holdings during the first quarter worth $206,000. Neuburgh Advisers LLC raised its stake in Lincoln Electric Holdings by 6.6% in the first quarter. Neuburgh Advisers LLC now owns 2,486 shares of the industrial products company’s stock worth $216,000 after buying an additional 154 shares during the last quarter. Commerce Bank acquired a new stake in Lincoln Electric Holdings during the first quarter worth $219,000. Finally, Timber Hill LLC acquired a new stake in Lincoln Electric Holdings during the first quarter worth $268,000. 64.35% of the stock is currently owned by hedge funds and other institutional investors.
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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