Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Equities researchers at Oppenheimer Holdings boosted their FY2018 earnings per share (EPS) estimates for Lincoln Electric Holdings in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst J. Giannakouros now forecasts that the industrial products company will post earnings per share of $4.10 for the year, up from their previous forecast of $3.95. Oppenheimer Holdings also issued estimates for Lincoln Electric Holdings’ FY2019 earnings at $4.40 EPS.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research report on Tuesday, June 20th. BidaskClub cut shares of Lincoln Electric Holdings from a “strong-buy” rating to a “buy” rating in a research report on Monday. Stifel Nicolaus reissued a “hold” rating and set a $98.00 price target on shares of Lincoln Electric Holdings in a research report on Friday, July 14th. FBR & Co reissued an “outperform” rating on shares of Lincoln Electric Holdings in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $93.00 price target on shares of Lincoln Electric Holdings in a research report on Tuesday, June 27th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $88.00.

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Shares of Lincoln Electric Holdings (NASDAQ LECO) traded up 0.72% during trading on Thursday, reaching $87.18. 168,408 shares of the company were exchanged. The stock has a market capitalization of $5.74 billion, a PE ratio of 29.19 and a beta of 0.98. The stock has a 50-day moving average price of $93.07 and a 200-day moving average price of $87.86. Lincoln Electric Holdings has a one year low of $59.27 and a one year high of $97.97.

Lincoln Electric Holdings (NASDAQ:LECO) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. The company had revenue of $626.90 million for the quarter, compared to analyst estimates of $620.28 million. Lincoln Electric Holdings had a net margin of 9.86% and a return on equity of 31.59%. Lincoln Electric Holdings’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.40 dividend on an annualized basis and a yield of 1.62%. Lincoln Electric Holdings’s dividend payout ratio is currently 40.46%.

In other news, Director G Russell Lincoln sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $88.87, for a total transaction of $1,999,575.00. Following the sale, the director now owns 248,032 shares of the company’s stock, valued at approximately $22,042,603.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Gabriel Bruno sold 5,630 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $95.33, for a total transaction of $536,707.90. Following the sale, the vice president now directly owns 24,339 shares in the company, valued at approximately $2,320,236.87. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,930 shares of company stock valued at $5,529,686. 3.27% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the stock. Meadow Creek Investment Management LLC increased 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. Louisiana State Employees Retirement System increased its position in Lincoln Electric Holdings by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 15,600 shares of the industrial products company’s stock worth $1,355,000 after buying an additional 300 shares during the last quarter. SG Americas Securities LLC increased its position in Lincoln Electric Holdings by 64.7% in the first quarter. SG Americas Securities LLC now owns 20,724 shares of the industrial products company’s stock worth $1,800,000 after buying an additional 8,140 shares during the last quarter. Vanguard Group Inc. increased its position in Lincoln Electric Holdings by 5.2% in the first quarter. Vanguard Group Inc. now owns 5,382,545 shares of the industrial products company’s stock worth $467,527,000 after buying an additional 267,768 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new position in Lincoln Electric Holdings during the first quarter worth about $803,000. 64.14% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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