Zacks Research Issues Pessimistic Estimate for LECO Earnings

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Research analysts at Zacks Research lowered their FY2024 earnings per share estimates for shares of Lincoln Electric in a research report issued to clients and investors on Thursday, November 14th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings per share of $8.70 for the year, down from their prior estimate of $8.90. The consensus estimate for Lincoln Electric’s current full-year earnings is $8.75 per share. Zacks Research also issued estimates for Lincoln Electric’s Q4 2024 earnings at $1.99 EPS, Q1 2025 earnings at $2.08 EPS, Q2 2025 earnings at $2.28 EPS, Q4 2025 earnings at $2.21 EPS, FY2025 earnings at $8.87 EPS, Q2 2026 earnings at $2.42 EPS, Q3 2026 earnings at $2.37 EPS and FY2026 earnings at $9.19 EPS.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $988.07 million. During the same period last year, the firm earned $2.40 EPS. The company’s quarterly revenue was down 4.8% compared to the same quarter last year.

A number of other analysts have also recently commented on the company. KeyCorp lifted their price objective on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday. Stifel Nicolaus boosted their price objective on shares of Lincoln Electric from $184.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. StockNews.com cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Robert W. Baird reduced their price target on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $220.00.

Lincoln Electric Stock Performance

NASDAQ LECO opened at $206.10 on Monday. Lincoln Electric has a 1-year low of $169.51 and a 1-year high of $261.13. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.85 and a quick ratio of 1.20. The business has a 50 day moving average price of $194.37 and a 200 day moving average price of $197.19. The company has a market capitalization of $11.63 billion, a P/E ratio of 24.59, a PEG ratio of 1.57 and a beta of 1.14.

Hedge Funds Weigh In On Lincoln Electric

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its position in shares of Lincoln Electric by 174.4% during the first quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock worth $27,000 after buying an additional 68 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Lincoln Electric in the 2nd quarter valued at about $28,000. UMB Bank n.a. lifted its position in shares of Lincoln Electric by 97.9% during the third quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 140 shares during the last quarter. Quarry LP grew its stake in Lincoln Electric by 41.5% in the second quarter. Quarry LP now owns 300 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 88 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Lincoln Electric by 308.5% in the third quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock valued at $63,000 after buying an additional 253 shares during the last quarter. 79.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Michael J. Whitehead sold 1,100 shares of the company’s stock in a transaction 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 directly owns 11,178 shares in the company, valued at approximately $1,966,880.88. This represents a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.63% of the company’s stock.

Lincoln Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.71. This represents a $3.00 annualized dividend and a dividend yield of 1.46%. Lincoln Electric’s dividend payout ratio is 33.89%.

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.