Lincoln Electric Holdings (LECO) was Reiterated by Wunderlich to “Buy” while Lowering the Price Target of the company shares to $ 75 from a previous price target of $85 . Wunderlich advised their investors in a research report released on Jul 20, 2016.
On the company’s financial health, Lincoln Electric Holdings reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.68. The company had revenue of $550.70 million for the quarter, compared to analysts expectations of $556.02 million. The company’s revenue was down -16.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.89 EPS.
Lincoln Electric Holdings closed down -0.47 points or -0.77% at $60.94 with 2,18,943 shares getting traded on Monday. Post opening the session at $61.22, the shares hit an intraday low of $60.75 and an intraday high of $61.42 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Nov 10, 2015, G Russell Lincoln (director) sold 4,167 shares at $60.81 per share price. According to the SEC, 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.