William Blair Initiates Coverage on Lincoln Electric Holdings(NASDAQ:LECO). The shares have been rated Market Perform. The rating by William Blair was issued on Apr 14, 2016.
In a different note, On Apr 4, 2016, KeyBanc said it Upgrades its rating on Lincoln Electric Holdings. The shares have been rated ‘Overweight’ by the firm. On Jan 19, 2016, Barclays said it Maintains its rating on Lincoln Electric Holdings. According to the research note, Barclays Lowers the price target to $51 per share from a prior target of $56. The shares have been rated ‘Equal-weight’ by the firm.
Lincoln Electric Holdings (LECO) made into the market gainers list on Mondays trading session with the shares advancing 0.38% or 0.23 points. Due to strong positive momentum, the stock ended at $60.19, which is also near the day’s high of $60.3. The stock began the session at $59.52 and the volume stood at 6,53,982 shares. The 52-week high of the shares is $71.15 and the 52 week low is $45.54. The company has a current market capitalization of $4,255 M and it has 7,06,93,389 shares in outstanding.
Lincoln Electric Holdings(LECO) last announced its earnings results on Feb 23, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $567.99M. Analysts had an estimated revenue of $581.05M. Earnings per share were $0.75. Analysts had estimated an EPS of $0.79.
Several Insider Transactions has been reported to the SEC. On Nov 10, 2015, G Russell Lincoln (director) sold 4,167 shares at $60.81 per share price.Also, On Feb 27, 2015, Robert J Knoll (director) sold 5,373 shares at $69.63 per share price.
Lincoln Electric Holdings Inc. is a manufacturer of welding cutting and brazing products. Welding products include arc welding power sources wire feeding systems robotic welding packages fume extraction equipment consumable electrodes and fluxes. The Company operates in five segments: 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. The Company has through wholly owned subsidiaries or joint ventures manufacturing facilities located in the United States Brazil Canada China Colombia France Germany India Indonesia Italy Mexico the Netherlands Poland Portugal Russia Turkey the United Kingdom and Venezuela.