Zacks Research Predicts Higher Earnings for Lincoln Electric

Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) - Stock analysts at Zacks Research lifted their FY2024 earnings per share estimates for Lincoln Electric in a research report issued on Monday, December 16th. Zacks Research analyst M. Das now anticipates that the industrial products company will post earnings per share of $8.71 for the year, up from their previous estimate of $8.70. 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 $2.00 EPS, Q1 2025 earnings at $2.10 EPS, Q2 2025 earnings at $2.35 EPS, Q4 2025 earnings at $2.36 EPS, FY2025 earnings at $9.13 EPS, Q1 2026 earnings at $2.18 EPS, Q2 2026 earnings at $2.50 EPS, Q3 2026 earnings at $2.45 EPS and FY2026 earnings at $9.57 EPS.

Other equities research analysts also recently issued reports about the company. 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 report on Wednesday, September 4th. KeyCorp increased their target price on Lincoln Electric from $210.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Stifel Nicolaus boosted their target price on shares of Lincoln Electric from $195.00 to $216.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. Finally, StockNews.com upgraded shares of Lincoln Electric from a "hold" rating to a "buy" rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $225.17.

Lincoln Electric Trading Down 0.9 %

Lincoln Electric stock traded down $1.69 during midday trading on Thursday, reaching $189.89. The stock had a trading volume of 358,174 shares, compared to its average volume of 313,922. Lincoln Electric has a 52-week low of $169.51 and a 52-week high of $261.13. The company has a fifty day moving average of $205.20 and a 200 day moving average of $195.75. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16. 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 (NASDAQ:LECO - Get Free Report) 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. The business had revenue of $983.76 million for the quarter, compared to the consensus estimate of $988.07 million. Lincoln Electric had a net margin of 11.93% and a return on equity of 40.03%. The business's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.40 earnings per share.

Lincoln Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Lincoln Electric's previous quarterly dividend of $0.71. Lincoln Electric's dividend payout ratio is presently 35.80%.

Institutional Trading of Lincoln Electric

Hedge funds and other institutional investors have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. lifted its stake in shares of Lincoln Electric by 2.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 4,352 shares of the industrial products company's stock worth $833,000 after purchasing an additional 121 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of Lincoln Electric by 0.6% during the third quarter. Retirement Systems of Alabama now owns 129,959 shares of the industrial products company's stock valued at $24,955,000 after buying an additional 836 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Lincoln Electric in the 3rd quarter valued at about $121,000. World Investment Advisors LLC purchased a new position in shares of Lincoln Electric in the 3rd quarter worth approximately $499,000. Finally, Geode Capital Management LLC raised its stake in shares of Lincoln Electric by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,204,549 shares of the industrial products company's stock worth $231,345,000 after acquiring an additional 61,640 shares in 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.