Oppenheimer Holdings, Inc. restated their hold rating on shares of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) in a research report report published on Monday, October 30th. Oppenheimer Holdings also issued estimates for Lincoln Electric Holdings’ Q4 2017 earnings at $0.97 EPS, FY2017 earnings at $3.75 EPS, FY2018 earnings at $4.25 EPS and FY2019 earnings at $4.65 EPS.
A number of other analysts also recently weighed in on LECO. ValuEngine downgraded shares of Lincoln Electric Holdings from a buy rating to a hold rating in a report on Monday, October 2nd. Stifel Nicolaus cut their price target on shares of Lincoln Electric Holdings from $100.00 to $92.00 and set a hold rating on the stock in a report on Monday, October 30th. KeyCorp reiterated a hold rating on shares of Lincoln Electric Holdings in a report on Friday, August 25th. FBR & Co reiterated a buy rating on shares of Lincoln Electric Holdings in a report on Monday, August 21st. Finally, Robert W. Baird set a $91.00 price target on shares of Lincoln Electric Holdings and gave the company a hold rating in a report on Thursday, August 24th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $96.43.
Shares of Lincoln Electric Holdings (LECO) opened at $86.38 on Monday. Lincoln Electric Holdings has a fifty-two week low of $71.62 and a fifty-two week high of $99.59. The company has a quick ratio of 1.83, a current ratio of 2.55 and a debt-to-equity ratio of 0.75. The firm has a market cap of $5,701.68, a PE ratio of 24.15, a PEG ratio of 2.20 and a beta of 1.09.
Lincoln Electric Holdings (NASDAQ:LECO) last posted its earnings results on Friday, October 27th. The industrial products company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). Lincoln Electric Holdings had a return on equity of 28.97% and a net margin of 11.34%. The business had revenue of $669.50 million during the quarter, compared to the consensus estimate of $658.48 million. During the same quarter last year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 17.9% on a year-over-year basis. research analysts anticipate that Lincoln Electric Holdings will post 3.76 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be paid a $0.39 dividend. This is an increase from Lincoln Electric Holdings’s previous quarterly dividend of $0.35. This represents a $1.56 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, December 28th. Lincoln Electric Holdings’s dividend payout ratio is currently 33.65%.
In other Lincoln Electric Holdings news, VP Michele R. Kuhrt sold 3,080 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $88.55, for a total value of $272,734.00. Following the transaction, the vice president now directly owns 14,449 shares in the company, valued at approximately $1,279,458.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.27% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Teacher Retirement System of Texas grew its stake in Lincoln Electric Holdings by 0.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,727 shares of the industrial products company’s stock worth $435,000 after acquiring an additional 14 shares in the last quarter. Bbva Compass Bancshares Inc. grew its stake in Lincoln Electric Holdings by 0.5% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 6,552 shares of the industrial products company’s stock worth $603,000 after acquiring an additional 34 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Lincoln Electric Holdings by 1.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,067 shares of the industrial products company’s stock worth $651,000 after acquiring an additional 78 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in Lincoln Electric Holdings by 0.3% in the 2nd quarter. Lord Abbett & CO. LLC now owns 29,200 shares of the industrial products company’s stock worth $2,689,000 after acquiring an additional 100 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in Lincoln Electric Holdings by 0.4% in the 2nd quarter. Private Trust Co. NA now owns 27,042 shares of the industrial products company’s stock worth $2,490,000 after acquiring an additional 117 shares in the last quarter. Institutional investors and hedge funds own 62.32% of the company’s stock.
Lincoln Electric Holdings Company Profile
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.
Receive News & Ratings for Lincoln Electric Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln Electric Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.