Seaport Res Ptn Issues Negative Outlook for LECO Earnings

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Equities research analysts at Seaport Res Ptn reduced their Q4 2024 earnings per share estimates for shares of Lincoln Electric in a research report issued on Monday, November 4th. Seaport Res Ptn analyst W. Liptak now anticipates that the industrial products company will post earnings per share of $2.00 for the quarter, down from their prior estimate 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.

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

Lincoln Electric Stock Performance

NASDAQ:LECO opened at $218.40 on Wednesday. The company has a 50-day moving average of $190.47 and a 200-day moving average of $198.23. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 26.06, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.86. Lincoln Electric has a twelve month low of $169.51 and a twelve month high of $261.13.

Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Thursday, October 31st. The industrial products company reported $2.14 earnings per share 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 quarter last year, the business posted $2.40 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis.

Lincoln Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.37%. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.71. The ex-dividend date is Tuesday, December 31st. Lincoln Electric’s payout ratio is presently 33.89%.

Insider Buying and Selling at Lincoln Electric

In other news, SVP Michael J. Whitehead sold 1,100 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was 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 of the company’s stock, valued at $1,966,880.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.63% of the company’s stock.

Institutional Trading of Lincoln Electric

Several institutional investors have recently made changes to their positions in LECO. Vanguard Group Inc. lifted its position in Lincoln Electric by 0.3% in 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 buying an additional 15,062 shares in the last quarter. EdgePoint Investment Group Inc. raised its holdings in shares of Lincoln Electric by 48.0% during 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 acquiring an additional 891,111 shares in the last quarter. Capital International Investors boosted its position 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 valued at $474,129,000 after purchasing an additional 121,914 shares during the last quarter. Victory Capital Management Inc. grew its stake in Lincoln Electric by 81.9% in the third quarter. Victory Capital Management Inc. now owns 1,097,965 shares of the industrial products company’s stock valued at $210,831,000 after purchasing an additional 494,464 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Lincoln Electric by 7.8% in the second quarter. Dimensional Fund Advisors LP now owns 525,647 shares of the industrial products company’s stock valued at $99,155,000 after purchasing an additional 38,206 shares in the last quarter. 79.61% of the stock is currently owned by institutional investors and hedge funds.

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.