FY2024 Earnings Estimate for LECO Issued By Seaport Res Ptn

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Seaport Res Ptn issued their FY2024 earnings estimates for Lincoln Electric in a research note issued on Monday, November 4th. Seaport Res Ptn analyst W. Liptak expects that the industrial products company will earn $8.73 per share for the year. The consensus estimate for Lincoln Electric’s current full-year earnings is $8.83 per share.

Lincoln Electric (NASDAQ:LECO) last issued its earnings results on Thursday, October 31st. The industrial products company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.05 by $0.09. The company had revenue of $983.76 million during the quarter, compared to analysts’ expectations of $988.07 million. Lincoln Electric had a net margin of 11.93% and a return on equity of 40.03%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.40 EPS.

Other equities analysts have also issued research reports about the company. StockNews.com lowered Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Monday. Robert W. Baird decreased their target price 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. Finally, Stifel Nicolaus increased their target price 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Lincoln Electric currently has an average rating of “Hold” and a consensus target price of $221.67.

Lincoln Electric Stock Down 0.6 %

Shares of LECO opened at $217.09 on Thursday. The firm has a 50 day simple moving average of $190.94 and a two-hundred day simple moving average of $198.36. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.85 and a quick ratio of 1.20. Lincoln Electric has a one year low of $169.51 and a one year high of $261.13. The company has a market cap of $12.25 billion, a P/E ratio of 25.91, a P/E/G ratio of 1.50 and a beta of 1.14.

Lincoln Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.38%. This is a positive change from Lincoln Electric’s previous quarterly dividend of $0.71. The ex-dividend date is Tuesday, December 31st. Lincoln Electric’s dividend payout ratio (DPR) is presently 33.89%.

Insider Transactions at Lincoln Electric

In related news, SVP Michael J. Whitehead sold 1,100 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 11,178 shares in the company, valued at $1,966,880.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.63% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Fifth Third Wealth Advisors LLC raised its holdings in Lincoln Electric by 6.1% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,029 shares of the industrial products company’s stock worth $390,000 after purchasing an additional 116 shares during the last quarter. Quest Partners LLC raised its stake in Lincoln Electric by 23.6% during the third quarter. Quest Partners LLC now owns 9,247 shares of the industrial products company’s stock worth $1,776,000 after buying an additional 1,767 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Lincoln Electric during the third quarter worth $23,233,000. Natixis Advisors LLC lifted its holdings in Lincoln Electric by 174.4% in the third quarter. Natixis Advisors LLC now owns 40,242 shares of the industrial products company’s stock valued at $7,727,000 after buying an additional 25,578 shares during the period. Finally, Royce & Associates LP boosted its position in Lincoln Electric by 1.3% during the third quarter. Royce & Associates LP now owns 227,134 shares of the industrial products company’s stock valued at $43,614,000 after acquiring an additional 2,906 shares during the last quarter. 79.61% of the stock is owned by institutional investors.

About Lincoln Electric

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.