KeyCorp Equities Analysts Raise Earnings Estimates for Lincoln Electric Holdings, Inc. (LECO)

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Equities research analysts at KeyCorp lifted their FY2018 earnings per share estimates for Lincoln Electric in a research note issued to investors on Thursday. KeyCorp analyst S. Barger now anticipates that the industrial products company will earn $4.61 per share for the year, up from their prior forecast of $4.23. KeyCorp currently has a “Hold” rating on the stock.

Several other equities analysts have also recently commented on LECO. B. Riley reaffirmed a “buy” rating on shares of Lincoln Electric in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. BidaskClub raised shares of Lincoln Electric from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 16th. ValuEngine cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus raised shares of Lincoln Electric from a “hold” rating to a “buy” rating and boosted their price objective for the company from $97.00 to $116.00 in a research note on Tuesday, January 16th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $102.63.

Lincoln Electric (LECO) opened at $100.01 on Monday. The company has a market cap of $6,576.23, a P/E ratio of 24.04, a P/E/G ratio of 1.97 and a beta of 1.08. Lincoln Electric has a 12 month low of $80.15 and a 12 month high of $100.68. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.55.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Friday, October 27th. The industrial products company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.01). The business had revenue of $669.50 million during the quarter, compared to analysts’ expectations of $658.48 million. Lincoln Electric had a return on equity of 28.97% and a net margin of 11.34%. Lincoln Electric’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC lifted its holdings in shares of Lincoln Electric by 0.3% in 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. Ameritas Investment Partners Inc. lifted its holdings in shares of Lincoln Electric by 0.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 41,508 shares of the industrial products company’s stock worth $3,822,000 after acquiring an additional 302 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Lincoln Electric by 11.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,533 shares of the industrial products company’s stock worth $325,000 after acquiring an additional 361 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Lincoln Electric by 0.5% in the 2nd quarter. Voya Investment Management LLC now owns 78,019 shares of the industrial products company’s stock worth $7,185,000 after acquiring an additional 389 shares during the last quarter. Finally, Suntrust Banks Inc. lifted its holdings in shares of Lincoln Electric by 11.8% in the 2nd quarter. Suntrust Banks Inc. now owns 4,041 shares of the industrial products company’s stock worth $371,000 after acquiring an additional 425 shares during the last quarter. Hedge funds and other institutional investors own 63.88% of the company’s stock.

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About Lincoln Electric

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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