Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Research analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for shares of Lincoln Electric in a research note issued to investors on Wednesday, Zacks Investment Research reports. KeyCorp analyst S. Barger expects that the industrial products company will post earnings per share of $1.08 for the quarter. KeyCorp has a “Overweight” rating on the stock. KeyCorp also issued estimates for Lincoln Electric’s Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.21 EPS and Q4 2018 earnings at $1.17 EPS.
Several other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Oppenheimer reiterated a “hold” rating on shares of Lincoln Electric in a research note on Tuesday, December 12th. UBS Group upgraded Lincoln Electric from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 4th. Stifel Nicolaus upgraded Lincoln Electric from a “hold” rating to a “buy” rating and boosted their price target for the company from $97.00 to $116.00 in a research note on Tuesday, January 16th. Finally, BidaskClub upgraded Lincoln Electric from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 16th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $105.20.
Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Wednesday, February 14th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.05. Lincoln Electric had a return on equity of 28.76% and a net margin of 9.43%. The company had revenue of $747.19 million during the quarter, compared to analysts’ expectations of $696.97 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. The business’s revenue was up 32.5% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. D.B. Root & Company LLC bought a new stake in Lincoln Electric during the fourth quarter worth $247,000. Xact Kapitalforvaltning AB bought a new stake in Lincoln Electric during the fourth quarter worth $478,000. Envestnet Asset Management Inc. lifted its stake in Lincoln Electric by 7.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,539 shares of the industrial products company’s stock worth $1,240,000 after purchasing an additional 993 shares during the last quarter. We Are One Seven LLC bought a new stake in Lincoln Electric during the fourth quarter worth $196,000. Finally, Segall Bryant & Hamill LLC lifted its stake in Lincoln Electric by 15.8% during the fourth quarter. Segall Bryant & Hamill LLC now owns 8,240 shares of the industrial products company’s stock worth $755,000 after purchasing an additional 1,125 shares during the last quarter. Hedge funds and other institutional investors own 66.94% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, March 28th. Lincoln Electric’s payout ratio is presently 42.05%.
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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.
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