Stock Buzzer: Sentiment Report: Lincoln Electric Holdings Inc (NASDAQ:LECO)

November 30, 2016 - By Dolores Ford   ·   0 Comments

Stock Buzzer: Sentiment Report: Lincoln Electric Holdings Inc (NASDAQ:LECO)

Sentiment for Lincoln Electric Holdings Inc (NASDAQ:LECO)

Lincoln Electric Holdings Inc (NASDAQ:LECO) institutional sentiment increased to 0.99 in Q2 2016. Its up 0.06, from 0.93 in 2016Q1. The ratio is better, as 107 active investment managers opened new or increased positions, while 115 cut down and sold equity positions in Lincoln Electric Holdings Inc. The active investment managers in our partner’s database now have: 43.22 million shares, down from 47.21 million shares in 2016Q1. Also, the number of active investment managers holding Lincoln Electric Holdings Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 22 Reduced: 93 Increased: 75 New Position: 32.

Lincoln Electric Holdings, Inc. a manufacturer of welding, cutting and brazing products. The company has a market cap of $5.09 billion. The Company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. It has a 27.71 P/E ratio. The Company’s operating divisions include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group.

The stock increased 0.26% or $0.2 during the last trading session, hitting $77.24. Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has risen 20.73% since April 27, 2016 and is uptrending. It has outperformed by 15.50% the S&P500.

Analysts await Lincoln Electric Holdings, Inc. (NASDAQ:LECO) to report earnings on February, 28. They expect $0.81 earnings per share, up 8.00% or $0.06 from last year’s $0.75 per share. LECO’s profit will be $53.38 million for 23.84 P/E if the $0.81 EPS becomes a reality. After $0.89 actual earnings per share reported by Lincoln Electric Holdings, Inc. for the previous quarter, Wall Street now forecasts -8.99% negative EPS growth.

According to Zacks Investment Research, “Lincoln Electric Holdings, Inc. is a full-line manufacturer of welding and cutting products and integral horsepower industrial electric motors. Welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The company’s welding product offering also includes regulators and torches used in oxy-fuel welding and cutting. The company’s products are sold in both domestic and international markets.”

Lawson Kroeker Investment Management Inc Ne holds 3.58% of its portfolio in Lincoln Electric Holdings, Inc. for 182,599 shares. Robotti Robert owns 102,665 shares or 2.19% of their US portfolio. Moreover, Garrison Financial Corp has 1.87% invested in the company for 47,257 shares. The New York-based Lodge Hill Capital Llc has invested 1.83% in the stock. Stellar Capital Management Llc, a Arizona-based fund reported 25,662 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 12 sales for $11.77 million net activity.

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Ratings Coverage

Ratings analysis reveals 20% of Lincoln Electric’s analysts are positive. Out of 10 Wall Street analysts rating Lincoln Electric, 2 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $51 while the high is $75. The stock’s average target of $64.60 is -16.36% below today’s ($77.24) share price. LECO was included in 18 notes of analysts from July 28, 2015. Robert W. Baird initiated the shares of LECO in a report on Friday, September 25 with “Neutral” rating. The company was downgraded on Thursday, October 8 by Longbow. Longbow downgraded the shares of LECO in a report on Monday, October 24 to “Underperform” rating. The stock of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) earned “Market Perform” rating by William Blair on Thursday, April 14. The company was maintained on Monday, November 2 by Barclays Capital. The rating was initiated by Oppenheimer with “Market Perform” on Wednesday, April 27. KeyBanc Capital Markets upgraded the shares of LECO in a report on Monday, April 4 to “Overweight” rating. The firm earned “Hold” rating on Wednesday, September 7 by Deutsche Bank. The stock of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has “Neutral” rating given on Tuesday, November 15 by Northcoast. Barclays Capital maintained Lincoln Electric Holdings, Inc. (NASDAQ:LECO) rating on Wednesday, October 12. Barclays Capital has “Equal-Weight” rating and $58 price target.

LECO Company Profile

Lincoln Electric Holdings, Inc., incorporated on January 22, 1998, is a maker 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 divisions include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group. The Company’s product offering also includes computer numeric controlled (CNC) plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting and brazing. In addition, the Company is also engaged in brazing and soldering alloys activities.

More recent Lincoln Electric Holdings, Inc. (NASDAQ:LECO) news were published by: Blogs.Wsj.com which released: “Lincoln Electric Taps Veteran Tax Director as CIO” on June 22, 2016. Also Cleveland.com published the news titled: “Lincoln Electric profits down sharply for 2nd quarter 2016” on July 26, 2016. Prnewswire.com‘s news article titled: “Lincoln Electric Acquires Rimrock Holdings Corporation” with publication date: August 04, 2015 was also an interesting one.

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By Dolores Ford


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