Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Research analysts at Gabelli upped their FY2019 EPS estimates for shares of Lincoln Electric Holdings in a report issued on Wednesday. Gabelli analyst M. Trusz now forecasts that the industrial products company will post earnings of $4.20 per share for the year, up from their previous estimate of $4.00. Gabelli also issued estimates for Lincoln Electric Holdings’ FY2020 earnings at $4.55 EPS.

Lincoln Electric Holdings (NASDAQ:LECO) last released its quarterly earnings data on Tuesday, April 18th. The industrial products company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. Lincoln Electric Holdings had a net margin of 8.50% and a return on equity of 26.69%. The business earned $580.90 million during the quarter, compared to analyst estimates of $568.31 million. During the same period in the previous year, the business earned $0.76 EPS. Lincoln Electric Holdings’s revenue was up 5.5% compared to the same quarter last year.

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

Several other research firms have also issued reports on LECO. Royal Bank of Canada restated a “hold” rating and issued a $78.00 target price on shares of Lincoln Electric Holdings in a report on Monday. Stifel Nicolaus raised their target price on shares of Lincoln Electric Holdings from $84.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, March 27th. Longbow Research upgraded shares of Lincoln Electric Holdings from an “underperform” rating to a “neutral” rating in a report on Wednesday, February 15th. Finally, Zacks Investment Research upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Tuesday, February 7th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $73.86.



Lincoln Electric Holdings (NASDAQ:LECO) traded down 0.38% on Thursday, reaching $87.62. 268,952 shares of the company were exchanged. Lincoln Electric Holdings has a 12-month low of $56.02 and a 12-month high of $88.75. The firm has a market capitalization of $5.76 billion, a P/E ratio of 30.11 and a beta of 0.88. The firm has a 50-day moving average of $86.14 and a 200 day moving average of $78.47.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can increased its stake in Lincoln Electric Holdings by 1.7% in the third quarter. Bank of Montreal Can now owns 64,806 shares of the industrial products company’s stock valued at $4,058,000 after buying an additional 1,096 shares in the last quarter. Albert D Mason Inc. increased its stake in Lincoln Electric Holdings by 63.8% in the third quarter. Albert D Mason Inc. now owns 35,790 shares of the industrial products company’s stock valued at $2,241,000 after buying an additional 13,935 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Lincoln Electric Holdings by 33.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 610,125 shares of the industrial products company’s stock valued at $38,206,000 after buying an additional 151,975 shares in the last quarter. Commonwealth Equity Services Inc increased its stake in Lincoln Electric Holdings by 13.7% in the third quarter. Commonwealth Equity Services Inc now owns 10,573 shares of the industrial products company’s stock valued at $662,000 after buying an additional 1,271 shares in the last quarter. Finally, CGOV Asset Management bought a new stake in Lincoln Electric Holdings during the third quarter valued at $81,739,000. 66.32% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Geoffrey P. Allman sold 5,270 shares of Lincoln Electric Holdings stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $85.23, for a total value of $449,162.10. Following the transaction, the vice president now owns 6,570 shares of the company’s stock, valued at approximately $559,961.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Frederick G. Stueber sold 14,480 shares of Lincoln Electric Holdings stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $85.07, for a total transaction of $1,231,813.60. Following the completion of the transaction, the vice president now directly owns 35,225 shares in the company, valued at approximately $2,996,590.75. The disclosure for this sale can be found here. 3.27% of the stock is owned by insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Wednesday, June 28th. Lincoln Electric Holdings’s payout ratio is currently 50.36%.

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.

5 Day Chart for NASDAQ:LECO

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