Lincoln Electric Holdings, Inc. (LECO) To Go Ex-Dividend on June 28th

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) declared a quarterly dividend on Thursday, April 18th, Zacks reports. Shareholders of record on Sunday, June 30th will be paid a dividend of 0.71 per share by the industrial products company on Monday, July 15th. This represents a $2.84 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, June 28th.

Lincoln Electric has raised its dividend payment by an average of 9.9% annually over the last three years and has increased its dividend every year for the last 29 years. Lincoln Electric has a payout ratio of 28.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Lincoln Electric to earn $9.94 per share next year, which means the company should continue to be able to cover its $2.84 annual dividend with an expected future payout ratio of 28.6%.

Lincoln Electric Price Performance

Shares of LECO opened at $185.18 on Wednesday. Lincoln Electric has a 1-year low of $164.00 and a 1-year high of $261.13. The stock has a market cap of $10.54 billion, a PE ratio of 19.66, a P/E/G ratio of 1.36 and a beta of 1.17. The firm has a 50-day simple moving average of $211.17 and a two-hundred day simple moving average of $225.90. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.24 and a quick ratio of 1.49.

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, beating analysts’ consensus estimates 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 net margin of 13.23% and a return on equity of 43.81%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 earnings per share. As a group, analysts forecast that Lincoln Electric will post 9.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LECO. Robert W. Baird decreased their price target on shares of Lincoln Electric from $252.00 to $236.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. KeyCorp decreased their price target on shares of Lincoln Electric from $280.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, May 24th. Oppenheimer restated a “market perform” rating on shares of Lincoln Electric in a research report on Monday, April 29th. Stifel Nicolaus reduced their price objective on shares of Lincoln Electric from $241.00 to $238.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Finally, Loop Capital reduced their price target on shares of Lincoln Electric from $285.00 to $265.00 and set a “buy” rating for the company in a research report on Friday, May 24th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lincoln Electric presently has an average rating of “Hold” and a consensus price target of $225.29.

About Lincoln Electric

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.