We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Lincoln Electric (LECO) Buys Zeman Group Unit, Boosts Automation
Read MoreHide Full Article
Lincoln Electric Holdings, Inc. (LECO - Free Report) has acquired a Zeman Group’s unit, Zeman Bauelemente Produktionsgesellschaftm.b.H. in a bid to drive automation growth in structural steel applications.
Based in Vienna, Austria, Zeman Bauelemente is a leading manufacturer of robotic assembly and arc welding systems that automate the tacking and welding of steel beams. These systems are sold for structural steel and infrastructure sectors customers across the globe under the name of Steel Beam Assembler (SBA).
Notably, the latest buyout boosts Lincoln Electric’s annual automation sales by around 10% and expands its international automation capabilities to support the company’s Higher Standard 2025 Strategy. This deal also offers greater productivity to structural steel fabricators, while providing capacity to meet the rising demand from structural steel and infrastructure projects.
Lincoln Electric has been benefiting from several acquisitions made over the past few years. It acquired Inovatech Engineering Corporation and Coldwater Machine Company, Pro Systems LLC in 2018, which in turn, enhances its automated cutting solutions and application expertise. In 2019, Lincoln Electric acquired the soldering business of Worthington Industries (WOR - Free Report) , which broadened the Harris Products Group’s portfolio of industry-leading consumables. The company’s Baker Industries buyout also enabled it to expand automation and additive strategies. Lincoln Electric also acquired a controlling interest in Askaynak — a leading Turkish producer of welding consumables and equipment. The company will continue to evaluate M&A options focused primarily on tuck-in assets, supporting its Higher Standard 2025 strategy.
The company is also focused on new product development and utilizing digital platforms to engage customers. Lincoln Electric’s product launches in the automation solutions market are likely to stoke growth. Moreover, the company is focused on its cost-reduction actions to sustain margins.
Moreover, Lincoln Electric has been witnessing improving order rates across all segments, lately, as its end markets (General Industries and Transportation and Automotive) continue to recover. Management projects first-quarter 2021 organic sales to be flat to modestly high compared with the prior-year levels. It estimates current-year organic sales growth in high-single digits, driven by the current demand scenario. Considering this, Lincoln Electric anticipates incremental margin to average within the mid-to-high 20% range for 2021.
Price Performance
Lincoln Electric’s shares have gained 71.7% in the past year, outperforming the industry’s growth of 41.2%.
Zacks Rank & Stocks to Consider
Lincoln Electric currently carries a Zacks Rank #3 (Hold).
Deere has a projected earnings growth rate of 82.5% for fiscal 2021. Over the past year, the company’s shares have appreciated 133.2%.
Avery Dennison has an expected earnings growth rate of 11.8% for 2021. The stock has gained 79.2% in a year’s time.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
Image: Bigstock
Lincoln Electric (LECO) Buys Zeman Group Unit, Boosts Automation
Lincoln Electric Holdings, Inc. (LECO - Free Report) has acquired a Zeman Group’s unit, Zeman Bauelemente Produktionsgesellschaftm.b.H. in a bid to drive automation growth in structural steel applications.
Based in Vienna, Austria, Zeman Bauelemente is a leading manufacturer of robotic assembly and arc welding systems that automate the tacking and welding of steel beams. These systems are sold for structural steel and infrastructure sectors customers across the globe under the name of Steel Beam Assembler (SBA).
Notably, the latest buyout boosts Lincoln Electric’s annual automation sales by around 10% and expands its international automation capabilities to support the company’s Higher Standard 2025 Strategy. This deal also offers greater productivity to structural steel fabricators, while providing capacity to meet the rising demand from structural steel and infrastructure projects.
Lincoln Electric has been benefiting from several acquisitions made over the past few years. It acquired Inovatech Engineering Corporation and Coldwater Machine Company, Pro Systems LLC in 2018, which in turn, enhances its automated cutting solutions and application expertise. In 2019, Lincoln Electric acquired the soldering business of Worthington Industries (WOR - Free Report) , which broadened the Harris Products Group’s portfolio of industry-leading consumables. The company’s Baker Industries buyout also enabled it to expand automation and additive strategies. Lincoln Electric also acquired a controlling interest in Askaynak — a leading Turkish producer of welding consumables and equipment. The company will continue to evaluate M&A options focused primarily on tuck-in assets, supporting its Higher Standard 2025 strategy.
The company is also focused on new product development and utilizing digital platforms to engage customers. Lincoln Electric’s product launches in the automation solutions market are likely to stoke growth. Moreover, the company is focused on its cost-reduction actions to sustain margins.
Moreover, Lincoln Electric has been witnessing improving order rates across all segments, lately, as its end markets (General Industries and Transportation and Automotive) continue to recover. Management projects first-quarter 2021 organic sales to be flat to modestly high compared with the prior-year levels. It estimates current-year organic sales growth in high-single digits, driven by the current demand scenario. Considering this, Lincoln Electric anticipates incremental margin to average within the mid-to-high 20% range for 2021.
Price Performance
Lincoln Electric’s shares have gained 71.7% in the past year, outperforming the industry’s growth of 41.2%.
Zacks Rank & Stocks to Consider
Lincoln Electric currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Industrial Products sector are Deere & Co. (DE - Free Report) and Avery Dennison Corporation (AVY - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Deere has a projected earnings growth rate of 82.5% for fiscal 2021. Over the past year, the company’s shares have appreciated 133.2%.
Avery Dennison has an expected earnings growth rate of 11.8% for 2021. The stock has gained 79.2% in a year’s time.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>