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Lincoln Electric (LECO) Scales 52-Week High on Strong Q1
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Shares of Lincoln Electric Holdings, Inc. (LECO - Free Report) scaled a fresh 52-week high of $91.29 on May 10, before closing lower at $90.76.
Lincoln Electric has a market cap of roughly $6 billion. The average volume of shares traded in the last three months is around 351K. The stock delivered a solid one-year return of around 48%. The company beat the Zacks Consensus Estimate in three out of the trailing four quarters, with an average positive surprise of 4.66%.
Lincoln Electric Holdings, Inc. Price and Consensus
In the last one year, Lincoln Electric outperformed the Zacks classified Machinery Tools & Related Products sub-industry with respect to price performance. The stock gained around 48.8%, while the industry recorded growth of 29.1% over the same time frame.
Driving Factors
Lincoln Electric’s shares have been on the rise since the company reported robust first-quarter 2017 results. The company’s top and bottom lines registered year-over-year growth in the quarter, surpassing the Zacks Consensus Estimate on both counts.
Lincoln Electric has been consistently investing in welding automation. Welding automation is on the growth path due to the shortage of welding labor and new, low-cost welding robots that provide productivity savings to customers.
Lincoln Electric is poised to gain from focus on its customers, as well as execution of the 2020 vision and strategy. The design and investment in unique solutions, leading application expertise, 600-plus technical sales team, 1000-plus automation team and focus on operational excellence continue to drive Lincoln Electric’s business.
In addition, the company’s focus on investment in long-term, profitable growth, with its broad range of product launches and strategic acquisitions, will be conducive to growth in the near term. Despite increasing interest expenses, the company’s strong balance sheet position and share repurchases are likely to drive its performance.
Lincoln Electric currently sports a Zacks Rank #1 (Strong Buy).
Kennametal has a positive average earnings surprise of 6.24% for the last four quarters. Stanley Black & Decker has delivered an average positive earnings surprise of 5.38% in the past four quarters. AGCO Corporation generated a positive average earnings surprise of 40.39% over the trailing four quarters.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>
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Lincoln Electric (LECO) Scales 52-Week High on Strong Q1
Shares of Lincoln Electric Holdings, Inc. (LECO - Free Report) scaled a fresh 52-week high of $91.29 on May 10, before closing lower at $90.76.
Lincoln Electric has a market cap of roughly $6 billion. The average volume of shares traded in the last three months is around 351K. The stock delivered a solid one-year return of around 48%. The company beat the Zacks Consensus Estimate in three out of the trailing four quarters, with an average positive surprise of 4.66%.
Lincoln Electric Holdings, Inc. Price and Consensus
Lincoln Electric Holdings, Inc. Price and Consensus | Lincoln Electric Holdings, Inc. Quote
Price Movement
In the last one year, Lincoln Electric outperformed the Zacks classified Machinery Tools & Related Products sub-industry with respect to price performance. The stock gained around 48.8%, while the industry recorded growth of 29.1% over the same time frame.
Driving Factors
Lincoln Electric’s shares have been on the rise since the company reported robust first-quarter 2017 results. The company’s top and bottom lines registered year-over-year growth in the quarter, surpassing the Zacks Consensus Estimate on both counts.
Lincoln Electric has been consistently investing in welding automation. Welding automation is on the growth path due to the shortage of welding labor and new, low-cost welding robots that provide productivity savings to customers.
Lincoln Electric is poised to gain from focus on its customers, as well as execution of the 2020 vision and strategy. The design and investment in unique solutions, leading application expertise, 600-plus technical sales team, 1000-plus automation team and focus on operational excellence continue to drive Lincoln Electric’s business.
In addition, the company’s focus on investment in long-term, profitable growth, with its broad range of product launches and strategic acquisitions, will be conducive to growth in the near term. Despite increasing interest expenses, the company’s strong balance sheet position and share repurchases are likely to drive its performance.
Lincoln Electric currently sports a Zacks Rank #1 (Strong Buy).
Key Picks
Other similarly-ranked stocks in the same space include Kennametal Inc. (KMT - Free Report) , Stanley Black & Decker, Inc. (SWK - Free Report) and AGCO Corporation (AGCO - Free Report) . You can see the complete list of today’s Zacks #1 Rank stocks here.
Kennametal has a positive average earnings surprise of 6.24% for the last four quarters. Stanley Black & Decker has delivered an average positive earnings surprise of 5.38% in the past four quarters. AGCO Corporation generated a positive average earnings surprise of 40.39% over the trailing four quarters.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>