Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Expected to Earn Q3 2024 Earnings of $2.14 Per Share

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Analysts at Zacks Research dropped their Q3 2024 earnings estimates for Lincoln Electric in a report issued on Wednesday, September 18th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings of $2.14 per share for the quarter, down from their previous forecast of $2.19. The consensus estimate for Lincoln Electric’s current full-year earnings is $8.97 per share. Zacks Research also issued estimates for Lincoln Electric’s Q4 2024 earnings at $2.19 EPS, FY2024 earnings at $8.90 EPS, Q1 2025 earnings at $2.28 EPS, Q3 2025 earnings at $2.26 EPS, Q4 2025 earnings at $2.39 EPS, FY2025 earnings at $9.43 EPS and FY2026 earnings at $9.87 EPS.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Wednesday, July 31st. The industrial products company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.04. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the previous year, the business earned $2.44 earnings per share. Lincoln Electric’s revenue for the quarter was down 3.7% on a year-over-year basis.

Several other equities analysts have also weighed in on LECO. StockNews.com lowered shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Loop Capital decreased their target price on shares of Lincoln Electric from $285.00 to $265.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Stifel Nicolaus boosted their target price on shares of Lincoln Electric from $209.00 to $213.00 and gave the stock a “hold” rating in a research report on Thursday, July 18th. Robert W. Baird decreased their target price on shares of Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Finally, KeyCorp decreased their target price on shares of Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, May 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Lincoln Electric currently has an average rating of “Hold” and a consensus target price of $218.29.

Lincoln Electric Price Performance

Shares of NASDAQ LECO opened at $185.45 on Friday. The firm’s 50-day moving average price is $192.94 and its 200-day moving average price is $211.53. Lincoln Electric has a 1-year low of $164.00 and a 1-year high of $261.13. The firm has a market capitalization of $10.55 billion, a P/E ratio of 19.69, a P/E/G ratio of 1.31 and a beta of 1.14. The company has a current ratio of 2.06, a quick ratio of 1.31 and a debt-to-equity ratio of 0.84.

Institutional Investors Weigh In On Lincoln Electric

A number of institutional investors have recently added to or reduced their stakes in the company. Riverview Trust Co bought a new position in shares of Lincoln Electric during the 1st quarter valued at approximately $26,000. Capital Advisors Ltd. LLC grew its position in shares of Lincoln Electric by 194.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 70 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Lincoln Electric by 174.4% during the 1st 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 during the period. V Square Quantitative Management LLC bought a new position in shares of Lincoln Electric during the 2nd quarter valued at approximately $28,000. Finally, Principal Securities Inc. bought a new position in shares of Lincoln Electric during the 4th quarter valued at approximately $32,000. 79.61% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $175.96, for a total value of $193,556.00. Following the completion of the sale, the senior vice president now directly owns 11,178 shares of the company’s stock, valued at approximately $1,966,880.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.63% of the stock is currently owned by insiders.

Lincoln Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Monday, September 30th. Lincoln Electric’s payout ratio is 30.15%.

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.