FY2024 Earnings Estimate for Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Issued By Seaport Res Ptn

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Seaport Res Ptn raised their FY2024 earnings per share (EPS) estimates for shares of Lincoln Electric in a research note issued on Friday, April 26th. Seaport Res Ptn analyst W. Liptak now anticipates that the industrial products company will post earnings of $9.72 per share for the year, up from their previous estimate of $9.70. The consensus estimate for Lincoln Electric’s current full-year earnings is $9.65 per share. Seaport Res Ptn also issued estimates for Lincoln Electric’s Q1 2025 earnings at $2.40 EPS, Q2 2025 earnings at $2.70 EPS, Q3 2025 earnings at $2.72 EPS, Q4 2025 earnings at $2.81 EPS and FY2025 earnings at $10.63 EPS.

Several other equities analysts have also issued reports on LECO. Robert W. Baird decreased their target price on Lincoln Electric from $257.00 to $252.00 and set an “outperform” rating for the company in a research report on Friday. Morgan Stanley started coverage on Lincoln Electric in a research report on Monday, January 8th. They issued an “underweight” rating and a $178.00 price objective for the company. KeyCorp boosted their price objective on Lincoln Electric from $232.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Jefferies Financial Group upped their price target on Lincoln Electric from $215.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Stifel Nicolaus reduced their price target on Lincoln Electric from $241.00 to $238.00 and set a “hold” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Lincoln Electric currently has a consensus rating of “Hold” and a consensus price target of $221.86.

Lincoln Electric Price Performance

Lincoln Electric stock opened at $229.94 on Monday. The firm has a market capitalization of $13.07 billion, a P/E ratio of 24.41, a PEG ratio of 1.59 and a beta of 1.20. Lincoln Electric has a 1 year low of $156.80 and a 1 year high of $261.13. The business has a 50-day moving average of $248.23 and a 200-day moving average of $220.22. The company has a current ratio of 2.24, a quick ratio of 1.50 and a debt-to-equity ratio of 0.84.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.08. The firm had revenue of $981.20 million during the quarter, compared to analysts’ expectations of $1.04 billion. Lincoln Electric had a return on equity of 43.81% and a net margin of 13.23%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.13 EPS.

Lincoln Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, June 28th. Lincoln Electric’s dividend payout ratio (DPR) is presently 30.15%.

Insider Buying and Selling at Lincoln Electric

In other Lincoln Electric news, CFO Gabriel Bruno sold 12,820 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was 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 directly owns 22,402 shares of the company’s stock, valued at approximately $5,554,575.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Lincoln Electric news, SVP Geoffrey P. Allman sold 3,306 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $252.33, for a total value 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 $2,308,819.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gabriel Bruno sold 12,820 shares of the 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 completion of the transaction, the chief financial officer now owns 22,402 shares of the company’s stock, valued at $5,554,575.90. The disclosure for this sale can be found here. Insiders own 2.63% of the company’s stock.

Hedge Funds Weigh In On Lincoln Electric

A number of hedge funds have recently made changes to their positions in LECO. Norges Bank bought a new position in shares of Lincoln Electric during the fourth quarter worth about $336,627,000. Eagle Asset Management Inc. increased its holdings in Lincoln Electric by 2,984.6% in the fourth quarter. Eagle Asset Management Inc. now owns 439,065 shares of the industrial products company’s stock worth $95,479,000 after purchasing an additional 424,831 shares in the last quarter. Fiera Capital Corp bought a new stake in Lincoln Electric in the third quarter worth approximately $34,850,000. CM Wealth Advisors LLC increased its holdings in Lincoln Electric by 25,909.0% in the fourth quarter. CM Wealth Advisors LLC now owns 178,942 shares of the industrial products company’s stock worth $39,040,000 after purchasing an additional 178,254 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Lincoln Electric by 19.9% in the third quarter. Invesco Ltd. now owns 1,049,854 shares of the industrial products company’s stock worth $190,853,000 after purchasing an additional 174,278 shares in the last quarter. 79.61% of the stock is currently owned by institutional investors.

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.