Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Analysts at KeyCorp raised their Q3 2018 earnings per share estimates for Lincoln Electric in a report released on Monday. KeyCorp analyst S. Barger now expects that the industrial products company will post earnings per share of $1.22 for the quarter, up from their previous estimate of $1.21. KeyCorp has a “Overweight” rating on the stock. KeyCorp also issued estimates for Lincoln Electric’s Q4 2018 earnings at $1.24 EPS, FY2018 earnings at $4.72 EPS, Q1 2019 earnings at $1.21 EPS, Q2 2019 earnings at $1.36 EPS, Q3 2019 earnings at $1.32 EPS, Q4 2019 earnings at $1.40 EPS and FY2019 earnings at $5.29 EPS.
Lincoln Electric (NASDAQ:LECO) last issued its earnings results on Wednesday, February 14th. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.05. Lincoln Electric had a net margin of 9.43% and a return on equity of 28.76%. The firm had revenue of $747.19 million for the quarter, compared to analysts’ expectations of $696.97 million. During the same quarter last year, the business earned $0.81 earnings per share. The business’s revenue was up 32.5% on a year-over-year basis.
Lincoln Electric (LECO) opened at $93.78 on Wednesday. The company has a quick ratio of 1.94, a current ratio of 2.60 and a debt-to-equity ratio of 0.76. Lincoln Electric has a fifty-two week low of $81.85 and a fifty-two week high of $101.34. The stock has a market cap of $6,109.53, a P/E ratio of 24.56, a PEG ratio of 1.72 and a beta of 1.11.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Thursday, March 29th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Wednesday, March 28th. Lincoln Electric’s payout ratio is 42.05%.
A number of hedge funds have recently made changes to their positions in LECO. Amundi Pioneer Asset Management Inc. purchased a new stake in Lincoln Electric in the fourth quarter worth $56,904,000. Prudential Financial Inc. lifted its stake in Lincoln Electric by 584.5% in the third quarter. Prudential Financial Inc. now owns 691,029 shares of the industrial products company’s stock worth $63,353,000 after acquiring an additional 590,070 shares during the period. KAMES CAPITAL plc purchased a new stake in Lincoln Electric in the fourth quarter worth $23,770,000. BTIM Corp. lifted its stake in Lincoln Electric by 29.3% in the fourth quarter. BTIM Corp. now owns 510,638 shares of the industrial products company’s stock worth $46,765,000 after acquiring an additional 115,841 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in Lincoln Electric by 89.1% in the third quarter. Wells Fargo & Company MN now owns 225,214 shares of the industrial products company’s stock worth $20,648,000 after acquiring an additional 106,110 shares during the period. 66.94% of the stock is owned by institutional investors.
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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.
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