Lincoln Electric Holdings Inc. (NASDAQ:LECO) – Equities researchers at Northcoast Research cut their FY2016 earnings per share (EPS) estimates for shares of Lincoln Electric Holdings in a report issued on Tuesday. Northcoast Research analyst T. Hayes now expects that the brokerage will earn $3.28 per share for the year, down from their prior forecast of $3.38. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Lincoln Electric Holdings’ Q4 2016 earnings at $0.79 EPS, Q1 2017 earnings at $0.81 EPS, Q2 2017 earnings at $0.93 EPS, Q3 2017 earnings at $0.90 EPS, Q4 2017 earnings at $0.83 EPS and FY2017 earnings at $3.47 EPS.

A number of other brokerages have also recently weighed in on LECO. Barclays PLC restated an “equal weight” rating and issued a $55.00 price objective on shares of Lincoln Electric Holdings in a report on Wednesday, July 27th. TheStreet upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 17th. Zacks Investment Research cut shares of Lincoln Electric Holdings from a “hold” rating to a “sell” rating in a report on Monday, October 3rd. Deutsche Bank AG started coverage on shares of Lincoln Electric Holdings in a report on Tuesday, September 6th. They issued a “hold” rating and a $70.00 price objective on the stock. Finally, Wunderlich cut their price objective on shares of Lincoln Electric Holdings from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $65.44.

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

Lincoln Electric Holdings (NASDAQ:LECO) traded down 0.09% during midday trading on Thursday, hitting $75.70. 105,122 shares of the company were exchanged. The stock has a market capitalization of $4998.40 billion, a price-to-earnings ratio of 27.33 and a beta of 0.81. Lincoln Electric Holdings has a 1-year low of $45.54 and a 1-year high of $78.08. The stock has a 50 day moving average of $65.55 and a 200-day moving average of $62.43.

Lincoln Electric Holdings (NASDAQ:LECO) last posted its quarterly earnings results on Friday, October 21st. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. The company had revenue of $567 million for the quarter, compared to analysts’ expectations of $549.04 million. Lincoln Electric Holdings had a net margin of 8.50% and a return on equity of 26.69%. Lincoln Electric Holdings’s revenue was down 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Lincoln Electric Holdings by 0.8% in the second quarter. Vanguard Group Inc. now owns 4,915,908 shares of the company’s stock worth $290,432,000 after buying an additional 40,725 shares during the period. BlackRock Fund Advisors increased its position in shares of Lincoln Electric Holdings by 4.9% in the third quarter. BlackRock Fund Advisors now owns 2,238,599 shares of the company’s stock worth $140,181,000 after buying an additional 103,734 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Lincoln Electric Holdings by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,884,695 shares of the company’s stock worth $118,020,000 after buying an additional 22,012 shares during the period. Alecta Pensionsforsakring Omsesidigt increased its position in shares of Lincoln Electric Holdings by 16.7% in the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,400,000 shares of the company’s stock worth $87,654,000 after buying an additional 200,000 shares during the period. Finally, CGOV Asset Management bought a new position in shares of Lincoln Electric Holdings during the third quarter worth $81,739,000. Institutional investors own 67.72% of the company’s stock.

In related news, Director David H. Gunning sold 8,000 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $77.55, for a total transaction of $620,400.00. Following the transaction, the director now owns 12,799 shares in the company, valued at $992,562.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP George D. Blankenship sold 47,700 shares of the stock in a transaction that occurred on Wednesday, October 26th. The shares were sold at an average price of $64.73, for a total transaction of $3,087,621.00. Following the transaction, the vice president now owns 51,114 shares in the company, valued at approximately $3,308,609.22. The disclosure for this sale can be found here. Corporate insiders own 3.27% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Saturday, December 31st will be given a dividend of $0.35 per share. This is an increase from Lincoln Electric Holdings’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, December 28th. This represents a $1.40 dividend on an annualized basis and a yield of 1.85%. Lincoln Electric Holdings’s dividend payout ratio is 46.04%.

About Lincoln Electric Holdings

Lincoln Electric Holdings, Inc a manufacturer of welding, cutting and brazing products. The Company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company’s operating segments include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group.

5 Day Chart for NASDAQ:LECO

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