Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Equities researchers at Seaport Global Securities raised their FY2017 EPS estimates for shares of Lincoln Electric Holdings in a research note issued on Monday. Seaport Global Securities analyst W. Liptak now forecasts that the industrial products company will post earnings per share of $3.80 for the year, up from their prior estimate of $3.76. Seaport Global Securities also issued estimates for Lincoln Electric Holdings’ Q4 2017 earnings at $1.02 EPS, Q1 2018 earnings at $0.99 EPS, Q2 2018 earnings at $1.10 EPS, Q3 2018 earnings at $1.09 EPS, Q4 2018 earnings at $1.11 EPS and FY2018 earnings at $4.29 EPS.

Lincoln Electric Holdings (NASDAQ:LECO) last announced its quarterly earnings data on Friday, October 27th. The industrial products company reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Lincoln Electric Holdings had a net margin of 11.34% and a return on equity of 30.48%. The business had revenue of $669.50 million during the quarter, compared to analysts’ expectations of $658.48 million. During the same period in the prior year, the firm posted $0.89 EPS. Lincoln Electric Holdings’s revenue for the quarter was up 17.9% compared to the same quarter last year.

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Other analysts have also recently issued reports about the stock. BidaskClub cut shares of Lincoln Electric Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Deutsche Bank AG upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a report on Friday, August 4th. FBR & Co restated a “buy” rating on shares of Lincoln Electric Holdings in a report on Monday, August 21st. Zacks Investment Research upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a report on Tuesday, September 26th. Finally, ValuEngine upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, September 13th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $96.43.

Shares of Lincoln Electric Holdings (NASDAQ:LECO) opened at 91.67 on Tuesday. The stock’s 50 day moving average price is $93.39 and its 200 day moving average price is $90.67. Lincoln Electric Holdings has a 52 week low of $63.49 and a 52 week high of $99.59. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 26.49 and a beta of 1.01.

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in Lincoln Electric Holdings by 4.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,270,096 shares of the industrial products company’s stock worth $116,964,000 after purchasing an additional 59,464 shares during the period. FMR LLC acquired a new position in Lincoln Electric Holdings in the 2nd quarter worth approximately $23,713,000. The Manufacturers Life Insurance Company boosted its stake in Lincoln Electric Holdings by 1.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 91,019 shares of the industrial products company’s stock worth $8,381,000 after purchasing an additional 1,739 shares during the period. Tradition Capital Management LLC boosted its stake in Lincoln Electric Holdings by 1,469.7% in the 2nd quarter. Tradition Capital Management LLC now owns 45,426 shares of the industrial products company’s stock worth $4,183,000 after purchasing an additional 42,532 shares during the period. Finally, Bbva Compass Bancshares Inc. boosted its stake in Lincoln Electric Holdings by 0.5% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 6,552 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 34 shares during the period. 60.60% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Michele R. Kuhrt sold 3,080 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $88.55, for a total value of $272,734.00. Following the completion of the transaction, the vice president now owns 14,449 shares of the company’s stock, valued at approximately $1,279,458.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.27% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a $0.39 dividend. This is a positive change from Lincoln Electric Holdings’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, December 28th. This represents a $1.56 dividend on an annualized basis and a yield of 1.70%. Lincoln Electric Holdings’s dividend payout ratio (DPR) is currently 33.65%.

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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