Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Given “Outperform” Rating at FBR & Co

FBR & Co reaffirmed their outperform rating on shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in a research note issued to investors on Tuesday, July 11th. FBR & Co also issued estimates for Lincoln Electric Holdings’ FY2017 earnings at $3.55 EPS and FY2018 earnings at $3.81 EPS.

A number of other brokerages have also recently weighed in on LECO. Deutsche Bank AG dropped their price objective on shares of Lincoln Electric Holdings from $100.00 to $90.00 and set a hold rating for the company in a report on Friday, April 28th. Royal Bank Of Canada restated a hold rating and issued a $78.00 price objective on shares of Lincoln Electric Holdings in a report on Monday, April 17th. Barclays PLC restated an equal weight rating and issued a $82.00 price objective (up previously from $75.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Stifel Nicolaus restated a hold rating and issued a $88.00 price objective (up previously from $86.00) on shares of Lincoln Electric Holdings in a report on Saturday, April 22nd. Finally, 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 report on Tuesday, June 20th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Lincoln Electric Holdings currently has an average rating of Hold and a consensus target price of $89.67.

Shares of Lincoln Electric Holdings (NASDAQ LECO) opened at 88.20 on Tuesday. The stock has a market cap of $5.81 billion, a PE ratio of 25.49 and a beta of 0.97. Lincoln Electric Holdings has a 12 month low of $59.27 and a 12 month high of $97.97. The stock has a 50 day moving average of $91.68 and a 200 day moving average of $88.12.

Lincoln Electric Holdings (NASDAQ:LECO) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. Lincoln Electric Holdings had a net margin of 9.86% and a return on equity of 30.55%. The business had revenue of $626.90 million during the quarter, compared to analysts’ expectations of $620.28 million. During the same period last year, the business earned $0.83 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities analysts anticipate that Lincoln Electric Holdings will post $3.75 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.40 annualized dividend and a dividend yield of 1.59%. Lincoln Electric Holdings’s dividend payout ratio is presently 40.46%.

In related news, Director Kathryn Jo Lincoln sold 4,290 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $95.43, for a total value of $409,394.70. Following the completion of the sale, the director now owns 45,943 shares in the company, valued at approximately $4,384,340.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Steven B. Hedlund sold 4,503 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $94.40, for a total transaction of $425,083.20. Following the completion of the sale, the vice president now owns 24,489 shares of the company’s stock, valued at approximately $2,311,761.60. The disclosure for this sale can be found here. Insiders have sold a total of 45,463 shares of company stock valued at $4,140,642 in the last 90 days. Insiders own 3.27% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Lincoln Electric Holdings by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 496,677 shares of the industrial products company’s stock worth $38,081,000 after buying an additional 9,410 shares during the last quarter. Janus Capital Management LLC increased its position in shares of Lincoln Electric Holdings by 28.2% in the fourth quarter. Janus Capital Management LLC now owns 26,400 shares of the industrial products company’s stock worth $2,024,000 after buying an additional 5,800 shares during the last quarter. Norges Bank purchased a new position in shares of Lincoln Electric Holdings during the fourth quarter worth approximately $47,606,000. Vident Investment Advisory LLC increased its position in shares of Lincoln Electric Holdings by 7.0% in the fourth quarter. Vident Investment Advisory LLC now owns 17,521 shares of the industrial products company’s stock worth $1,344,000 after buying an additional 1,153 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Lincoln Electric Holdings by 4.8% in the fourth quarter. Teachers Advisors LLC now owns 65,808 shares of the industrial products company’s stock worth $5,045,000 after buying an additional 3,011 shares during the last quarter. Institutional investors own 64.10% of the company’s stock.

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.

Analyst Recommendations for Lincoln Electric Holdings (NASDAQ:LECO)

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