Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Equities research analysts at FBR & Co issued their Q3 2017 earnings per share estimates for Lincoln Electric Holdings in a report released on Tuesday. FBR & Co analyst L. Burke anticipates that the industrial products company will post earnings per share of $0.93 for the quarter. FBR & Co currently has a “Outperform” rating on the stock. FBR & Co also issued estimates for Lincoln Electric Holdings’ Q4 2017 earnings at $0.89 EPS and FY2018 earnings at $3.88 EPS.

Lincoln Electric Holdings (NASDAQ:LECO) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.03. Lincoln Electric Holdings had a net margin of 8.70% and a return on equity of 30.17%. The business had revenue of $626.90 million for the quarter, compared to the consensus estimate of $620.28 million. During the same quarter last year, the firm posted $0.83 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year.

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LECO has been the topic of a number of other reports. Royal Bank Of Canada reaffirmed a “hold” rating and set a $78.00 price objective on shares of Lincoln Electric Holdings in a research report on Monday, April 17th. Stifel Nicolaus reaffirmed a “hold” rating and set a $98.00 price objective on shares of Lincoln Electric Holdings in a research report on Friday, July 14th. Zacks Investment Research upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research note on Tuesday, June 20th. Deutsche Bank AG reduced their target price on shares of Lincoln Electric Holdings from $100.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Finally, BidaskClub cut shares of Lincoln Electric Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $88.00.

Lincoln Electric Holdings (NASDAQ:LECO) opened at 87.35 on Wednesday. The stock has a 50 day moving average of $93.33 and a 200-day moving average of $87.80. The stock has a market cap of $5.75 billion, a P/E ratio of 29.24 and a beta of 0.98. Lincoln Electric Holdings has a 52 week low of $59.27 and a 52 week high of $97.97.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Thursday, September 28th. Lincoln Electric Holdings’s dividend payout ratio (DPR) is presently 46.82%.

In other Lincoln Electric Holdings news, VP Steven B. Hedlund sold 4,503 shares of Lincoln Electric Holdings stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $94.40, for a total value of $425,083.20. Following the completion of the sale, the vice president now directly owns 24,489 shares in the company, valued at $2,311,761.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathryn Jo Lincoln sold 4,290 shares of Lincoln Electric Holdings stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $95.43, for a total transaction of $409,394.70. Following the completion of the sale, the director now owns 45,943 shares of the company’s stock, valued at $4,384,340.49. The disclosure for this sale can be found here. Insiders sold 60,930 shares of company stock valued at $5,529,686 over the last quarter. Corporate insiders own 3.27% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Meadow Creek Investment Management LLC boosted its stake in shares of Lincoln Electric Holdings by 6.6% in the first quarter. Meadow Creek Investment Management LLC now owns 1,808 shares of the industrial products company’s stock worth $157,000 after buying an additional 112 shares during the last quarter. Puzo Michael J purchased a new stake in shares of Lincoln Electric Holdings during the second quarter worth $203,000. Park National Corp OH purchased a new stake in shares of Lincoln Electric Holdings during the first quarter worth $206,000. Neuburgh Advisers LLC boosted its stake in shares of Lincoln Electric Holdings by 6.6% in the first quarter. Neuburgh Advisers LLC now owns 2,486 shares of the industrial products company’s stock worth $216,000 after buying an additional 154 shares during the last quarter. Finally, Commerce Bank purchased a new stake in shares of Lincoln Electric Holdings during the first quarter worth $219,000. Hedge funds and other institutional investors own 64.14% of the company’s stock.

Lincoln Electric Holdings 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 Holdings (NASDAQ:LECO)

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