Seaport Res Ptn Weighs in on Lincoln Electric Holdings, Inc.’s Q3 2024 Earnings (NASDAQ:LECO)

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Seaport Res Ptn decreased their Q3 2024 earnings per share (EPS) estimates for Lincoln Electric in a report released on Thursday, June 27th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will earn $2.28 per share for the quarter, down from their previous forecast of $2.49. The consensus estimate for Lincoln Electric’s current full-year earnings is $9.22 per share. Seaport Res Ptn also issued estimates for Lincoln Electric’s Q4 2024 earnings at $2.27 EPS, Q1 2025 earnings at $2.36 EPS, Q3 2025 earnings at $2.52 EPS and FY2025 earnings at $9.96 EPS.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Thursday, April 25th. The industrial products company reported $2.23 EPS for the quarter, topping the consensus estimate of $2.15 by $0.08. Lincoln Electric had a net margin of 13.23% and a return on equity of 43.81%. The company had revenue of $981.20 million during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the business earned $2.13 EPS. The business’s revenue was down 5.6% on a year-over-year basis.

LECO has been the topic of several other research reports. Oppenheimer reiterated a “market perform” rating on shares of Lincoln Electric in a research report on Monday, April 29th. Stifel Nicolaus dropped their price objective on Lincoln Electric from $241.00 to $238.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Loop Capital reduced their target price on Lincoln Electric from $285.00 to $265.00 and set a “buy” rating for the company in a report on Friday, May 24th. Robert W. Baird lowered their price target on shares of Lincoln Electric from $252.00 to $236.00 and set an “outperform” rating on the stock in a research note on Friday, May 24th. Finally, KeyCorp reduced their price objective on shares of Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, May 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Lincoln Electric presently has a consensus rating of “Hold” and an average target price of $225.29.

Lincoln Electric Trading Up 0.1 %

NASDAQ LECO opened at $187.11 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.24 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $10.65 billion, a P/E ratio of 19.86, a P/E/G ratio of 1.35 and a beta of 1.17. Lincoln Electric has a 52-week low of $164.00 and a 52-week high of $261.13. The firm has a 50-day moving average price of $209.14 and a 200 day moving average price of $225.36.

Lincoln Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.84 dividend on an annualized basis and a yield of 1.52%. Lincoln Electric’s payout ratio is 30.15%.

Hedge Funds Weigh In On Lincoln Electric

Several hedge funds have recently added to or reduced their stakes in the business. Riverview Trust Co acquired a new stake in shares of Lincoln Electric in the first quarter valued at approximately $26,000. Contravisory Investment Management Inc. acquired a new stake in Lincoln Electric during the 4th quarter valued at $27,000. Capital Advisors Ltd. LLC increased its position in Lincoln Electric by 194.4% during the first quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock worth $27,000 after buying an additional 70 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Lincoln Electric by 174.4% in the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 68 shares in the last quarter. Finally, VisionPoint Advisory Group LLC boosted its stake in shares of Lincoln Electric by 81.1% during the third quarter. VisionPoint Advisory Group LLC now owns 172 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 77 shares during the last quarter. 79.61% of the stock is currently owned by hedge funds and other institutional investors.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States.