Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Research analysts at KeyCorp issued their Q1 2018 EPS estimates for Lincoln Electric in a report released on Wednesday. KeyCorp analyst S. Barger expects that the industrial products company will post earnings per share of $1.08 for the quarter. KeyCorp also issued estimates for Lincoln Electric’s Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.21 EPS and Q4 2018 earnings at $1.17 EPS.
Several other research firms have also commented on LECO. Zacks Investment Research raised Lincoln Electric from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a research report on Monday, January 8th. Barclays boosted their price target on Lincoln Electric from $90.00 to $96.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Oppenheimer reissued a “hold” rating on shares of Lincoln Electric in a research report on Tuesday, December 12th. Stifel Nicolaus reduced their price target on Lincoln Electric from $100.00 to $92.00 and set a “hold” rating on the stock in a research report on Monday, October 30th. Finally, BidaskClub lowered Lincoln Electric from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 3rd. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $105.20.
Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Wednesday, February 14th. The industrial products company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.96 by $0.05. The company had revenue of $747.19 million for the quarter, compared to analyst estimates of $696.97 million. The business’s revenue was up 32.5% on a year-over-year basis. During the same period last year, the firm posted $0.81 earnings per share.
Institutional investors and hedge funds have recently made changes to their positions in the business. Delpha Capital Management LLC acquired a new position in shares of Lincoln Electric in the 4th quarter valued at approximately $143,000. We Are One Seven LLC acquired a new position in shares of Lincoln Electric in the 4th quarter valued at approximately $196,000. Elefante Mark B acquired a new position in shares of Lincoln Electric in the 4th quarter valued at approximately $211,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Lincoln Electric in the 2nd quarter valued at approximately $219,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Lincoln Electric in the 3rd quarter valued at approximately $219,000. 65.45% of the stock is currently owned by institutional investors.
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.
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