Lincoln Electric Holdings Inc. (NASDAQ:LECO) – Research analysts at Seaport Global Securities decreased their Q2 2017 EPS estimates for shares of Lincoln Electric Holdings in a research report issued on Thursday. Seaport Global Securities analyst W. Liptak now expects that the brokerage will post earnings per share of $0.95 for the quarter, down from their previous estimate of $0.99. Seaport Global Securities also issued estimates for Lincoln Electric Holdings’ Q4 2017 earnings at $0.93 EPS and FY2017 earnings at $3.67 EPS.
Lincoln Electric Holdings (NASDAQ:LECO) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.83 EPS for the quarter, meeting the consensus estimate of $0.83. Lincoln Electric Holdings had a net margin of 3.11% and a return on equity of 25.46%. The business earned $592.40 million during the quarter, compared to analysts’ expectations of $589.08 million. During the same period in the previous year, the business posted $0.95 EPS. The business’s quarterly revenue was down 10.9% compared to the same quarter last year.
Other analysts have also recently issued research reports about the stock. TheStreet raised shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, August 17th. Wunderlich cut their target price on shares of Lincoln Electric Holdings from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 20th. Barclays PLC restated an “equal weight” rating and set a $55.00 target price on shares of Lincoln Electric Holdings in a research note on Wednesday, July 27th. Wellington Shields upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “gradually accumulate” rating in a research note on Wednesday, August 3rd. Finally, Deutsche Bank AG initiated coverage on shares of Lincoln Electric Holdings in a research note on Tuesday, September 6th. They set a “hold” rating and a $70.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Lincoln Electric Holdings presently has a consensus rating of “Hold” and an average price target of $66.13.
Shares of Lincoln Electric Holdings (NASDAQ:LECO) opened at 62.89 on Monday. The firm’s 50-day moving average is $63.01 and its 200 day moving average is $61.07. Lincoln Electric Holdings has a 52 week low of $45.54 and a 52 week high of $65.33. The firm has a market capitalization of $4.23 billion, a PE ratio of 61.48 and a beta of 1.10.
A number of institutional investors have recently made changes to their positions in the stock. State Street Corp increased its stake in Lincoln Electric Holdings by 141.6% in the first quarter. State Street Corp now owns 4,503,670 shares of the company’s stock valued at $263,783,000 after buying an additional 2,639,676 shares during the last quarter. Norges Bank purchased a new stake in Lincoln Electric Holdings during the fourth quarter valued at $32,931,000. JPMorgan Chase & Co. increased its stake in Lincoln Electric Holdings by 244.1% in the second quarter. JPMorgan Chase & Co. now owns 833,164 shares of the company’s stock valued at $49,223,000 after buying an additional 591,008 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in Lincoln Electric Holdings during the second quarter valued at $21,926,000. Finally, Lodge Hill Capital LLC purchased a new stake in Lincoln Electric Holdings during the second quarter valued at $18,906,000. Institutional investors own 65.28% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.28 annualized dividend and a yield of 2.04%. Lincoln Electric Holdings’s dividend payout ratio is currently 119.63%.
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.
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