Zacks Research Equities Analysts Lift Earnings Estimates for Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Equities researchers at Zacks Research boosted their Q3 2024 earnings per share (EPS) estimates for shares of Lincoln Electric in a report released on Friday, April 19th. Zacks Research analyst M. Das now anticipates that the industrial products company will post earnings of $2.44 per share for the quarter, up from their previous forecast of $2.41. The consensus estimate for Lincoln Electric’s current full-year earnings is $9.63 per share. Zacks Research also issued estimates for Lincoln Electric’s Q4 2024 earnings at $2.42 EPS, FY2024 earnings at $9.48 EPS, Q2 2025 earnings at $2.61 EPS, Q4 2025 earnings at $2.53 EPS, Q1 2026 earnings at $2.51 EPS and FY2026 earnings at $10.47 EPS.

A number of other equities analysts have also commented on the stock. Stifel Nicolaus boosted their price objective on shares of Lincoln Electric from $239.00 to $241.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Jefferies Financial Group boosted their price objective on shares of Lincoln Electric from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Morgan Stanley assumed coverage on shares of Lincoln Electric in a report on Monday, January 8th. They issued an “underweight” rating and a $178.00 price objective on the stock. Finally, KeyCorp boosted their price objective on shares of Lincoln Electric from $232.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $210.50.

Lincoln Electric Stock Down 0.2 %

Shares of Lincoln Electric stock opened at $238.36 on Monday. Lincoln Electric has a twelve month low of $155.21 and a twelve month high of $261.13. The company has a current ratio of 2.24, a quick ratio of 1.50 and a debt-to-equity ratio of 0.84. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 1.66 and a beta of 1.20. The company has a fifty day moving average price of $248.62 and a 200 day moving average price of $218.48.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.26. Lincoln Electric had a net margin of 13.01% and a return on equity of 45.09%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the company earned $1.94 EPS. The firm’s revenue was up 13.7% on a year-over-year basis.

Hedge Funds Weigh In On Lincoln Electric

Large investors have recently bought and sold shares of the business. Riverview Trust Co bought a new position in Lincoln Electric in the first quarter worth about $26,000. Capital Advisors Ltd. LLC increased its stake in shares of Lincoln Electric by 194.4% in the first quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Contravisory Investment Management Inc. acquired a new stake in shares of Lincoln Electric in the fourth quarter valued at approximately $27,000. IFP Advisors Inc increased its stake in shares of Lincoln Electric by 1,422.2% in the second quarter. IFP Advisors Inc now owns 137 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 128 shares during the period. Finally, Rise Advisors LLC acquired a new stake in shares of Lincoln Electric in the first quarter valued at approximately $35,000. Institutional investors own 79.61% of the company’s stock.

Insider Activity

In other news, CFO Gabriel Bruno sold 12,820 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $247.95, for a total value of $3,178,719.00. Following the sale, the chief financial officer now owns 22,402 shares in the company, valued at approximately $5,554,575.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Lincoln Electric news, CFO Gabriel Bruno sold 12,820 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $247.95, for a total value of $3,178,719.00. Following the transaction, the chief financial officer now owns 22,402 shares of the company’s stock, valued at $5,554,575.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Geoffrey P. Allman sold 3,306 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $252.33, for a total transaction of $834,202.98. Following the completion of the transaction, the senior vice president now directly owns 9,150 shares in the company, valued at approximately $2,308,819.50. The disclosure for this sale can be found here. Company insiders own 2.63% of the company’s stock.

Lincoln Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be paid a $0.71 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.19%. Lincoln Electric’s dividend payout ratio (DPR) is presently 30.31%.

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.