Lincoln Electric Holdings, Inc. (LECO) Issues Earnings Results

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) released its earnings results on Tuesday. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.01. The firm earned $563.80 million during the quarter, compared to analysts’ expectations of $546.56 million. Lincoln Electric Holdings had a net margin of 8.50% and a return on equity of 26.69%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS.

Shares of Lincoln Electric Holdings (NASDAQ:LECO) opened at 83.70 on Tuesday. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 30.10 and a beta of 0.88. The firm’s 50-day moving average is $80.97 and its 200-day moving average is $70.88. Lincoln Electric Holdings has a one year low of $53.20 and a one year high of $85.13.

Earnings History for Lincoln Electric Holdings (NASDAQ:LECO)

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Several research firms recently commented on LECO. Longbow Research cut shares of Lincoln Electric Holdings from a “neutral” rating to an “underperform” rating and set a $57.00 target price for the company. in a research note on Monday, October 24th. Stifel Nicolaus cut shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating and upped their target price for the company from $70.00 to $84.00 in a research note on Thursday, December 8th. Northcoast Research cut shares of Lincoln Electric Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 15th. Zacks Investment Research upgraded shares of Lincoln Electric Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, February 1st. Finally, Gabelli reiterated a “hold” rating on shares of Lincoln Electric Holdings in a research note on Thursday, December 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $71.44.

In related news, VP Frederick G. Stueber sold 10,910 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $75.15, for a total transaction of $819,886.50. Following the transaction, the vice president now directly owns 38,661 shares in the company, valued at approximately $2,905,374.15. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Thomas A. Flohn sold 12,420 shares of the firm’s stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $79.30, for a total value of $984,906.00. Following the transaction, the senior vice president now owns 34,060 shares in the company, valued at $2,700,958. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 94,110 shares of company stock worth $7,296,335. 3.27% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the company. Huntington National Bank raised its position in Lincoln Electric Holdings by 19.2% in the third quarter. Huntington National Bank now owns 1,800 shares of the company’s stock valued at $113,000 after buying an additional 290 shares during the last quarter. Riverhead Capital Management LLC raised its position in Lincoln Electric Holdings by 61.5% in the third quarter. Riverhead Capital Management LLC now owns 2,700 shares of the company’s stock valued at $169,000 after buying an additional 1,028 shares during the last quarter. Johnson Financial Group Inc. raised its position in Lincoln Electric Holdings by 157.1% in the fourth quarter. Johnson Financial Group Inc. now owns 2,250 shares of the company’s stock valued at $173,000 after buying an additional 1,375 shares during the last quarter. Cutter & CO Brokerage Inc. bought a new position in Lincoln Electric Holdings during the fourth quarter valued at about $207,000. Finally, Tyers Asset Management LLC bought a new position in Lincoln Electric Holdings during the fourth quarter valued at about $228,000. Institutional investors and hedge funds own 66.32% of the company’s stock.

About Lincoln Electric Holdings

Lincoln Electric Holdings, Inc a manufacturer of welding, cutting and brazing products. The Company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company’s operating segments include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group.

5 Day Chart for NASDAQ:LECO

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