Lincoln Electric (LECO) Announces Earnings Results

Lincoln Electric (NASDAQ:LECO) issued its quarterly earnings data on Wednesday. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.05, Morningstar.com reports. The company had revenue of $747.19 million during the quarter, compared to analysts’ expectations of $696.97 million. Lincoln Electric had a return on equity of 28.97% and a net margin of 11.34%. The business’s revenue was up 32.5% on a year-over-year basis. During the same period last year, the business earned $0.81 earnings per share.

Lincoln Electric (NASDAQ LECO) opened at $89.08 on Wednesday. The company has a quick ratio of 1.83, a current ratio of 2.55 and a debt-to-equity ratio of 0.75. Lincoln Electric has a twelve month low of $81.39 and a twelve month high of $101.34. The stock has a market capitalization of $5,860.00, a PE ratio of 21.47, a P/E/G ratio of 1.73 and a beta of 1.04.

Several institutional investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC raised its holdings in shares of Lincoln Electric by 0.3% in the second quarter. Lord Abbett & CO. LLC now owns 29,200 shares of the industrial products company’s stock valued at $2,689,000 after buying an additional 100 shares during the last quarter. Oakbrook Investments LLC raised its holdings in shares of Lincoln Electric by 8.7% in the fourth quarter. Oakbrook Investments LLC now owns 6,740 shares of the industrial products company’s stock valued at $617,000 after buying an additional 540 shares during the last quarter. Gratus Capital LLC raised its holdings in shares of Lincoln Electric by 2.0% in the third quarter. Gratus Capital LLC now owns 32,590 shares of the industrial products company’s stock valued at $2,988,000 after buying an additional 633 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Lincoln Electric by 5.5% in the fourth quarter. Amalgamated Bank now owns 12,387 shares of the industrial products company’s stock valued at $1,134,000 after buying an additional 641 shares during the last quarter. Finally, Profund Advisors LLC raised its holdings in shares of Lincoln Electric by 9.7% in the fourth quarter. Profund Advisors LLC now owns 7,701 shares of the industrial products company’s stock valued at $705,000 after buying an additional 682 shares during the last quarter. 64.05% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on the company. B. Riley reissued a “buy” rating on shares of Lincoln Electric in a report on Wednesday, November 1st. Zacks Investment Research cut Lincoln Electric from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. BidaskClub cut Lincoln Electric from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 3rd. Barclays lifted their price objective on Lincoln Electric from $90.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Finally, Stifel Nicolaus cut their price objective on Lincoln Electric from $100.00 to $92.00 and set a “hold” rating for the company in a report on Monday, October 30th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Lincoln Electric has an average rating of “Hold” and an average price target of $103.38.

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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.

Earnings History for Lincoln Electric (NASDAQ:LECO)

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