What is Seaport Res Ptn's Estimate for LECO Q4 Earnings?

Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) - Equities researchers at Seaport Res Ptn reduced their Q4 2024 EPS estimates for Lincoln Electric in a research report issued on Monday, November 4th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will earn $2.00 per share for the quarter, down from their previous forecast 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 equities analysts have also recently issued reports about the stock. StockNews.com cut shares of Lincoln Electric from a "buy" rating to a "hold" rating in a research note on Monday. Stifel Nicolaus raised their price objective 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. Finally, Robert W. Baird decreased their price objective on shares of Lincoln Electric from $220.00 to $212.00 and set an "outperform" rating on the stock in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued 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 Performance

Shares of NASDAQ:LECO traded up $14.61 during trading on Wednesday, reaching $218.40. The stock had a trading volume of 769,017 shares, compared to its average volume of 276,387. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.86. Lincoln Electric has a 52 week low of $169.51 and a 52 week high of $261.13. The stock has a fifty day simple moving average of $189.99 and a two-hundred day simple moving average of $198.09. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 1.50 and a beta of 1.14.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.05 by $0.09. The business 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 firm's quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the company posted $2.40 earnings per share.

Lincoln Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.75 per share. This is an increase from Lincoln Electric's previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $3.00 annualized dividend and a dividend yield of 1.37%. Lincoln Electric's payout ratio is presently 33.89%.

Insider Transactions at Lincoln Electric

In related news, SVP Michael J. Whitehead sold 1,100 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $175.96, for a total transaction of $193,556.00. Following the sale, the senior vice president now owns 11,178 shares in the company, valued at approximately $1,966,880.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.63% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lincoln Electric

Institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in Lincoln Electric by 174.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company's stock worth $27,000 after purchasing an additional 68 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Lincoln Electric during the second quarter valued at approximately $28,000. UMB Bank n.a. lifted its holdings in 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 acquiring an additional 140 shares during the period. Quarry LP lifted its holdings in Lincoln Electric by 41.5% during the second quarter. Quarry LP now owns 300 shares of the industrial products company's stock worth $57,000 after acquiring an additional 88 shares during the period. Finally, Blue Trust Inc. boosted its position in Lincoln Electric by 308.5% in the third quarter. Blue Trust Inc. now owns 335 shares of the industrial products company's stock worth $63,000 after purchasing an additional 253 shares during the last quarter. Institutional investors own 79.61% of the company's stock.

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.