What Keeps Helping Lincoln Electric’s Impressive Return on Capital?
In 1Q16, despite a 16% decline in revenue and a 22% YoY decline in adjusted profits, Lincoln Electric has successfully given $125 million to shareholders.
Why Lincoln Electric’s Revenues and Profits Declined in 2015
Lincoln Electric’s 2015 revenues have declined by 16% to $2.5 billion when compared to $2.8 billion in 2014.
How Has Lincoln Electric’s Stock Fared ahead of Its 1Q16 Earnings?
Lincoln Electric’s (LECO) stock has been in a downward trend since March 2015. This can be attributed to the softness in demand and weakness in the oil and gas sector and US export markets.
How Did Federal-Mogul Perform in 4Q15?
Federal-Mogul Holdings (FDML) rose by 64.1% to close at $8.17 per share at the end of the first week of March 2016.
Phillips 66 no longer part of Iridian
Iridian exited its position in Philips 66 (PSX), which accounts for 3.20% of the fund’s third quarter portfolio.
Avis Budget Group gets lower position with Iridian
Iridian lowered its position in Avis Budget Group, Inc. (CAR), which now accounts for 2.46% of the fund’s third-quarter portfolio.
Sale of position in Tyco affects Iridian’s portfolio
Iridian sold its position in Tyco International Ltd. (TYC), which accounts for 1.90% of the fund’s second quarter portfolio.
Relational Investors goes activist on Manitowoc
Relational Investors LLC was co-founded by Ralph Whitworth and David Batchelder. It filed a 13D with the SEC last week and said it acquired 11.5 million shares, or an 8.52% stake, in Manitowoc (MTW)
How Did Lincoln Electric’s Stock Fare ahead of Its 2Q16 Earnings?
For over 120 years, Lincoln Electric (LECO) has designed and manufactured welding and cutting products. It has a global position in the brazing and soldering alloy market.
Can Lincoln Electric Increase Its Dividend Payouts in Fiscal 2016?
For fiscal 2016, Lincoln Electric is targeting $400 million of share repurchases while $399 million was achieved in fiscal 2015.
Chilton Investment Company lowers its position in Wynn Resorts
Chilton Investment Company decreased its position in Wynn Resorts (WYNN), which accounted for 1.25% of the fund’s 3Q14 portfolio when compared to 0.13% in 4Q14.