Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Seaport Global Securities lifted their Q3 2018 earnings estimates for shares of Lincoln Electric in a research note issued on Tuesday. Seaport Global Securities analyst W. Liptak now anticipates that the industrial products company will post earnings of $1.16 per share for the quarter, up from their prior forecast of $1.09. Seaport Global Securities also issued estimates for Lincoln Electric’s Q4 2018 earnings at $1.12 EPS.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings data 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 had a net margin of 11.34% and a return on equity of 28.97%. The business had revenue of $669.50 million during the quarter, compared to analysts’ expectations of $658.48 million. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The firm’s quarterly revenue was up 17.9% on a year-over-year basis.

LECO has been the subject of a number of other reports. Zacks Investment Research lowered shares of Lincoln Electric from a “buy” rating to a “sell” rating in a research report on Monday, October 9th. ValuEngine lowered shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. KeyCorp restated a “hold” rating on shares of Lincoln Electric in a research report on Friday, October 20th. FBR & Co restated a “buy” rating on shares of Lincoln Electric in a research report on Monday, August 21st. Finally, Royal Bank of Canada restated a “hold” rating on shares of Lincoln Electric in a research report on Monday, October 30th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. Lincoln Electric currently has an average rating of “Hold” and a consensus price target of $97.57.

Lincoln Electric (NASDAQ:LECO) traded down $1.62 during trading on Wednesday, reaching $89.82. 507,100 shares of the company were exchanged, compared to its average volume of 373,597. Lincoln Electric has a fifty-two week low of $75.86 and a fifty-two week high of $99.59. The stock has a market cap of $5,910.00, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 2.32 and a beta of 1.08. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.55 and a quick ratio of 1.83.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its holdings in shares of Lincoln Electric by 0.3% during 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 during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Lincoln Electric by 1.1% during 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 during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Lincoln Electric by 0.3% during 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 during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Lincoln Electric by 1.6% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 10,811 shares of the industrial products company’s stock worth $639,000 after acquiring an additional 168 shares during the last quarter. Finally, Blair William & Co. IL lifted its holdings in shares of Lincoln Electric by 5.7% during the 2nd quarter. Blair William & Co. IL now owns 3,468 shares of the industrial products company’s stock worth $319,000 after acquiring an additional 188 shares during the last quarter. 63.66% of the stock is owned by institutional investors.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.39 per share. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.35. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, December 28th. Lincoln Electric’s payout ratio is currently 33.73%.

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Lincoln Electric 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.

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

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