Lincoln Electric Holdings Inc.’s (LECO - Free Report) shares attained a 52-week high of $81.33 during intraday trading on Jan 16, finally closing a tad lower at $81.22.
Lincoln Electric has a market cap of $5.36 billion. Average volume of shares traded in the last three months was approximately 465K. The company has long-term estimated earnings per share growth rate of 17.1%.
In the past one year, the company has delivered a robust year-to-date return of about 68.4%, outperforming the Zacks Categorized Machines – Tool & Related Products subindustry’s gain of 37.7%.
What’s Driving Lincoln Electric?
Lincoln Electric continues to undertake initiatives to bolster improved returns through acquisitions. In an attempt to advance its automation growth strategy, the company acquired Vizient Manufacturing Solutions (Vizient). The buyout will help in diversifying Lincoln Electric’s end market exposure in addition to expanding growth opportunities globally. With Vizient, the company’s automation portfolio is approaching $400 million in annual sales. Further, Vizient’s system design capabilities will complement Lincoln Electric’s current offering.
Lincoln Electric’s short-term initiatives are focused on muting the impact of current end-market conditions and maintaining the cost-reduction actions outlined in 2015, which will aid growth in the coming quarters. The company continues to remain focused on customers, and executing its 2020 vision and strategy. Management also remains optimistic with the progress in growth programs in automation, alloys, aluminum, equipment and education.
New product rollouts will drive Lincoln Electric’s growth. During 2016, the company launched new products which include a new version of its virtual welding training solution for students, new and proprietary robotic and manual solutions for aluminum and galvanized steel welding processes and a global TIG-welding portfolio that is localized for different geographies. The company has also introduced an improved line of cutting tables and a remote-controlled operating system using its Flextec 350 welders for use in industrial construction applications. These initiatives reflect its consistent investment in technology and solutions.
Lincoln Electric Holdings, Inc. Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Lincoln Electric Holdings Inc.’s (LECO - Free Report) shares attained a 52-week high of $81.33 during intraday trading on Jan 16, finally closing a tad lower at $81.22.
Lincoln Electric has a market cap of $5.36 billion. Average volume of shares traded in the last three months was approximately 465K. The company has long-term estimated earnings per share growth rate of 17.1%.
In the past one year, the company has delivered a robust year-to-date return of about 68.4%, outperforming the Zacks Categorized Machines – Tool & Related Products subindustry’s gain of 37.7%.
What’s Driving Lincoln Electric?
Lincoln Electric continues to undertake initiatives to bolster improved returns through acquisitions. In an attempt to advance its automation growth strategy, the company acquired Vizient Manufacturing Solutions (Vizient). The buyout will help in diversifying Lincoln Electric’s end market exposure in addition to expanding growth opportunities globally. With Vizient, the company’s automation portfolio is approaching $400 million in annual sales. Further, Vizient’s system design capabilities will complement Lincoln Electric’s current offering.
Lincoln Electric’s short-term initiatives are focused on muting the impact of current end-market conditions and maintaining the cost-reduction actions outlined in 2015, which will aid growth in the coming quarters. The company continues to remain focused on customers, and executing its 2020 vision and strategy. Management also remains optimistic with the progress in growth programs in automation, alloys, aluminum, equipment and education.
New product rollouts will drive Lincoln Electric’s growth. During 2016, the company launched new products which include a new version of its virtual welding training solution for students, new and proprietary robotic and manual solutions for aluminum and galvanized steel welding processes and a global TIG-welding portfolio that is localized for different geographies. The company has also introduced an improved line of cutting tables and a remote-controlled operating system using its Flextec 350 welders for use in industrial construction applications. These initiatives reflect its consistent investment in technology and solutions.
Lincoln Electric Holdings, Inc. Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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