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FY2022 EPS Estimates for Lincoln Electric Holdings, Inc. Jefferies Financial Group raised the funds (NASDAQ:LECO)

FY2022 EPS Estimates for Lincoln Electric Holdings, Inc. Jefferies Financial Group raised the funds (NASDAQ:LECO)

Lincoln Electric Holdings, Inc. stock is traded on the NASDAQ under the symbol LECO. In a study published on Tuesday, January 3, equity research analysts working for Jefferies Financial Group raised their profit projections for Lincoln Electric shares for the upcoming fiscal year 2022. In addition, an analyst named S. Boroditsky, who works for Jefferies Financial Group, revised his earlier forecast of the industrial goods company’s profits per share upward, bringing it up to $8.16 from $8.13. This was done to reflect the company’s recent performance. As a result, the current consensus estimate for Lincoln Electric’s annual earnings is $8.22 per share, which aligns with the company’s current earnings outlook for the full year. Furthermore, Jefferies Financial Group expects Lincoln Electric to earn $1.83 per share in the fourth quarter of the fiscal year 2022, $8.87 per share in the fiscal year 2022, $9.55 per share in the fiscal year 2024, and $10.26 per share in the fiscal year 2025.
LECO has been discussed at length in various reports that have been published. Robert W. Baird increased their price objective on Lincoln Electric stock from $150.00 to $152.00 in research that was made public on Thursday, October 27. In a research report released on December 14, Morgan Stanley increased their price objective on shares of Lincoln Electric to $149.00. According to a report made available to the public on November 21, Oppenheimer has increased their price objective for Lincoln Electric shares to $165.00. This information was included in the report. As a direct result of research released on October 11, the price objective Stifel Nicolaus set for Lincoln Electric shares has decreased from $137.00 to $136.00. Previously, it was set at $137.00. Shares of Lincoln Electric were upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report released on Friday, December 23. The report was published online. The rating had previously been “buy
On Friday, the opening price of a share of Lincoln Electric’s stock was $148.35. This was the price at which the stock was first traded. According to the simple moving average of the last 200 trading days, the stock price is currently $137.01, and the simple moving average of the last 50 trading days is currently $154.52. At this point, the debt-to-equity ratio stands at 0.77, the quick ratio at 0.93, and the current ratio at 1.70. Over the past year, the price of a share of Lincoln Electric has ranged from an all-time high of $150.68 to an all-time low of $118.17. The stock’s price-to-earnings ratio is currently at 19.97, and the company’s market capitalization is currently at $8.57 billion. Both its P/E/G ratio and its beta value come in at 1.13, and its beta value is 1.13.
On Thursday, October 27, Lincoln Electric (NASDAQ: LECO) announced that it would release its financial results for its fiscal year’s third quarter. The industrial goods business came in $0.08 higher than the consensus forecast of $1.96 in terms of its earnings per share, which came in at $2.04 for the period in question. Lincoln Electric had a return on equity of 52.60 percent, and the company’s net margin was 11.91 percent. The sales for the company during the period came in at $935.24 million, a significant increase from the $919.13 million that analysts anticipated it would bring in.
Significant investors have been adjusting the percentage of LECO stock they own throughout the past few months. The State Street Corporation increased its ownership of Lincoln Electric by 11.8% during the first three months of 2018. State Street Corp. now owns a total of 2,859,342 shares of the industrial products company’s stock, which have a value of $395,604,000 following the acquisition of an additional 302,002 shares during the most recent quarter. These shares have a value of $395,604,000. During the second quarter, Renaissance Technologies LLC saw a 1,948.4% rise in the amount of Lincoln Electric stock it owned as a percentage of its overall holdings. Renaissance Technologies LLC increased its holdings in the industrial products company’s stock by purchasing an additional 107,900 shares during the most recent quarter. As a result of these purchases, the company now owns a total of 113,438 shares of the company’s stock, which has a value of $13,994,000. During the third quarter, Quadrature Capital Ltd. increased the proportion of ownership in Lincoln Electric, which it held by 267.5%. After purchasing an additional 77,043 shares during the most recent quarter, Quadrature Capital Ltd. now has 105,840 shares of the industrial products company’s stock, giving the company a market value of $13,307,000.
During the third quarter, Victory Capital Management Inc. grew its holdings of Lincoln Electric stock by 4.0 percentage points, bringing the total to 100%. Following the acquisition of a further 70,254 shares during the most recent quarter, Victory Capital Management Inc. now possesses a total of 1,844,640 shares of the stock held by the industrial products company. These shares have a current market value of $231,908,000. Last but not least, during the third quarter, Vanguard Group Inc. increased the amount of Lincoln Electric stock owned by 1.1%. This certainly should not be considered the least important development. After making additional purchases totaling 63,007 during the most recent fiscal quarter, Vanguard Group Inc. now has a total of 5,954,544 shares of the stock of the industrial goods company in its possession. The value of the holdings of this stock owned by Vanguard Group Inc. is $748,605,000. Institutional investors are the owners of 73.25 percent of the total share capital held by the company.
Gabriel Bruno, the company’s Chief Financial Officer, recently parted ways with 11,278 shares of company stock on November 23. This development is relevant to the discussion because it relates to the topic. The price per share was determined

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