The stock of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) reached all time high today, Nov, 29 and still has $80.40 target or 4.00% above today’s $77.31 share price. This indicates more upside for the $5.10B company. This technical setup was reported by Barchart.com. If the $80.40 PT is reached, the company will be worth $204.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 233,869 shares traded hands. Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has risen 21.92% since April 26, 2016 and is uptrending. It has outperformed by 16.66% 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 $53.43M for 23.86 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.
Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Ratings Coverage
Out of 10 analysts covering Lincoln Electric (NASDAQ:LECO), 2 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 20% are positive. Lincoln Electric has been the topic of 18 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Monday, April 4. The rating was initiated by Oppenheimer on Wednesday, April 27 with “Market Perform”. Wunderlich maintained the stock with “Buy” rating in Wednesday, July 20 report. The company was upgraded on Wednesday, April 20 by Seaport Global. Barclays Capital initiated Lincoln Electric Holdings, Inc. (NASDAQ:LECO) rating on Friday, September 25. Barclays Capital has “Equal-Weight” rating and $58 price target. The company was maintained on Monday, November 2 by Barclays Capital. Robert W. Baird initiated it with “Neutral” rating and $57 target price in Friday, September 25 report. The rating was initiated by William Blair on Thursday, April 14 with “Market Perform”. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, October 12. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Monday, November 21 report.
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.”
Insitutional Activity: The institutional sentiment increased to 0.99 in 2016 Q2. Its up 0.06, from 0.93 in 2016Q1. The ratio increased, as 22 funds sold all Lincoln Electric Holdings, Inc. shares owned while 93 reduced positions. 32 funds bought stakes while 75 increased positions. They now own 43.22 million shares or 8.45% less from 47.21 million shares in 2016Q1.
Calvert Management owns 5,287 shares or 0.02% of their US portfolio. Moreover, Timessquare Cap Management has 0.1% invested in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) for 243,800 shares. Bokf Na reported 8,168 shares or 0.02% of all its holdings. Us Savings Bank De accumulated 0.01% or 48,168 shares. Winslow Evans & Crocker has 0% invested in the company for 60 shares. Federated Incorporated Pa last reported 0.01% of its portfolio in the stock. Pnc Grp Inc Inc accumulated 0% or 29,189 shares. Pacad Inv Limited holds 0.06% of its portfolio in Lincoln Electric Holdings, Inc. (NASDAQ:LECO) for 6,800 shares. Acadian Asset Limited Liability has invested 0% of its portfolio in Lincoln Electric Holdings, Inc. (NASDAQ:LECO). Blackrock Inv Mgmt Limited Co, a New Jersey-based fund reported 180,515 shares. Carnegie Asset Mgmt Limited Liability Com holds 0.25% or 28,735 shares in its portfolio. Cornerstone Advsr owns 10 shares or 0% of their US portfolio. Schwab Charles Invest Management holds 180,861 shares or 0.01% of its portfolio. Retirement Of Alabama has 0.03% invested in the company for 80,770 shares. Gemmer Asset Mngmt Ltd accumulated 179 shares or 0.01% of the stock.
Insider Transactions: Since October 21, 2016, the stock had 0 buys, and 12 sales for $11.77 million net activity. PETRELLA VINCENT K sold $1.71 million worth of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) on Thursday, November 10. Another trade for 3,080 shares valued at $223,988 was sold by Allman Geoffrey P. Another trade for 4,171 shares valued at $321,497 was sold by STUEBER FREDERICK G. 8,000 shares were sold by GUNNING DAVID H, worth $620,402. 10,340 shares with value of $661,760 were sold by Flohn Thomas A on Friday, October 21. BLANKENSHIP GEORGE D sold $3.09 million worth of stock. $417,850 worth of Lincoln Electric Holdings, Inc. (NASDAQ:LECO) was sold by Bruno Gabriel.
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.
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.
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