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Lincoln Electric (NASDAQ:LECO) Reaches New 1-Year High Following Strong Earnings
Lincoln Electric Holdings, Inc. (NASDAQ:LECO) reached a new 52-week high after reporting stronger-than-expected earnings, with the company’s EPS topping analysts’ estimates by $0.13. The industrial products company saw its revenue increase by 5.5% compared to the previous year. Analyst ratings are mixed but lean towards a “Moderate Buy,” and institutional investors have significantly increased their holdings in LECO.