Seaport Res Ptn Expects Weaker Earnings for Lincoln Electric

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Analysts at Seaport Res Ptn lowered their Q4 2024 earnings estimates for Lincoln Electric in a research report issued to clients and investors on Monday, November 4th. Seaport Res Ptn analyst W. Liptak now expects that the industrial products company will earn $2.00 per share for the quarter, down from their previous forecast of $2.27. The consensus estimate for Lincoln Electric’s current full-year earnings is $8.83 per share. Seaport Res Ptn also issued estimates for Lincoln Electric’s Q1 2025 earnings at $2.24 EPS, Q2 2025 earnings at $2.46 EPS, Q3 2025 earnings at $2.48 EPS, Q4 2025 earnings at $2.31 EPS and FY2025 earnings at $9.49 EPS.

Several other analysts also recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Lincoln Electric from $184.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. StockNews.com cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Monday. Finally, Robert W. Baird lowered their price target on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $221.67.

Lincoln Electric Trading Up 7.2 %

Shares of LECO stock opened at $218.40 on Wednesday. Lincoln Electric has a 12 month low of $169.51 and a 12 month high of $261.13. The company has a market cap of $12.32 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.86. The business’s 50 day moving average is $190.47 and its two-hundred day moving average is $198.23.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.09. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The business had revenue of $983.76 million for the quarter, compared to analyst estimates of $988.07 million. During the same quarter in the prior year, the firm posted $2.40 EPS. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis.

Hedge Funds Weigh In On Lincoln Electric

Several large investors have recently added to or reduced their stakes in LECO. Vanguard Group Inc. grew its holdings in shares of Lincoln Electric by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 5,709,315 shares of the industrial products company’s stock worth $1,458,387,000 after purchasing an additional 15,062 shares in the last quarter. EdgePoint Investment Group Inc. lifted its position in Lincoln Electric by 48.0% in the second quarter. EdgePoint Investment Group Inc. now owns 2,747,083 shares of the industrial products company’s stock worth $518,210,000 after purchasing an additional 891,111 shares during the period. Capital International Investors boosted its stake in Lincoln Electric by 7.0% during the first quarter. Capital International Investors now owns 1,856,125 shares of the industrial products company’s stock worth $474,129,000 after buying an additional 121,914 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Lincoln Electric by 81.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,097,965 shares of the industrial products company’s stock valued at $210,831,000 after buying an additional 494,464 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Lincoln Electric by 7.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 525,647 shares of the industrial products company’s stock valued at $99,155,000 after buying an additional 38,206 shares in the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Michael J. Whitehead sold 1,100 shares of the 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 owns 11,178 shares in the company, valued at approximately $1,966,880.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.63% of the company’s stock.

Lincoln Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.37%. This is a positive change from Lincoln Electric’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Tuesday, December 31st. Lincoln Electric’s dividend payout ratio (DPR) is currently 33.89%.

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.