Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – KeyCorp decreased their Q1 2017 earnings per share estimates for Lincoln Electric Holdings in a report released on Tuesday. KeyCorp analyst S. Barger now forecasts that the brokerage will post earnings per share of $0.79 for the quarter, down from their previous estimate of $0.80. KeyCorp also issued estimates for Lincoln Electric Holdings’ Q2 2017 earnings at $0.87 EPS, Q3 2017 earnings at $0.86 EPS, Q4 2017 earnings at $0.88 EPS, FY2017 earnings at $3.40 EPS and FY2018 earnings at $3.75 EPS.

Lincoln Electric Holdings (NASDAQ:LECO) last announced its quarterly earnings data on Tuesday, February 14th. The company reported $0.81 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.81. The firm had revenue of $563.80 million for the quarter, compared to analyst estimates 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 previous year, the company earned $0.75 earnings per share.

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Earnings History and Estimates for Lincoln Electric Holdings (NASDAQ:LECO)

Several other research analysts also recently issued reports on LECO. Longbow Research raised shares of Lincoln Electric Holdings from an “underperform” rating to a “neutral” rating in a research report on Wednesday. Zacks Investment Research raised shares of Lincoln Electric Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, February 1st. Stifel Nicolaus downgraded shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating and raised their price objective for the stock from $70.00 to $84.00 in a research report on Thursday, December 8th. Gabelli reissued a “hold” rating on shares of Lincoln Electric Holdings in a research report on Thursday, December 8th. Finally, Northcoast Research downgraded shares of Lincoln Electric Holdings from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 15th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $71.44.

Shares of Lincoln Electric Holdings (NASDAQ:LECO) traded down 0.391% during midday trading on Thursday, hitting $85.395. 97,754 shares of the stock were exchanged. The company has a market cap of $5.60 billion, a PE ratio of 29.345 and a beta of 0.88. The stock has a 50 day moving average price of $81.26 and a 200-day moving average price of $71.15. Lincoln Electric Holdings has a 12 month low of $53.20 and a 12 month high of $86.10.

In other news, VP Gabriel Bruno sold 5,240 shares of Lincoln Electric Holdings stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $78.73, for a total value of $412,545.20. Following the sale, the vice president now owns 25,043 shares of the company’s stock, valued at $1,971,635.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Vincent K. Petrella sold 27,280 shares of Lincoln Electric Holdings stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $75.05, for a total transaction of $2,047,364.00. Following the completion of the sale, the insider now directly owns 83,892 shares in the company, valued at approximately $6,296,094.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,110 shares of company stock worth $7,296,335. Insiders own 3.27% of the company’s stock.

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Several hedge funds have recently modified their holdings of the stock. Huntington National Bank increased its stake in shares of 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 increased its stake in shares of 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. increased its stake in shares of 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. purchased a new stake in shares of Lincoln Electric Holdings during the fourth quarter valued at $207,000. Finally, Tyers Asset Management LLC purchased a new stake in shares of Lincoln Electric Holdings during the fourth quarter valued at $228,000. 66.32% of the stock is currently owned by institutional investors and hedge funds.

Lincoln Electric Holdings Company Profile

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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