Lincoln Electric Holdings Inc
LECO: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$131.00 | Xfjgxd | Lwhnzjhg |
Lincoln Electric Earnings: 2023 Ended on a Strong Note Thanks to Growth in Automation
Narrow-moat Lincoln Electric finished 2023 on a strong note as its full-year sales of $4.191 billion and adjusted EPS of $9.41 both came in above our estimates of $4.163 billion and $9.02. After rolling our model forward one year, we’ve raised our fair value estimate to $190 from $179, which reflects our more upbeat near-term expectations as well as time value of money.