Zacks Research Issues Pessimistic Estimate for LECO Earnings

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Stock analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for shares of Lincoln Electric in a note issued to investors on Thursday, November 14th. Zacks Research analyst M. Das now forecasts that the industrial products company will earn $8.70 per share for the year, down from their previous forecast of $8.90. 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 $1.99 EPS, Q1 2025 earnings at $2.08 EPS, Q2 2025 earnings at $2.28 EPS, Q4 2025 earnings at $2.21 EPS, FY2025 earnings at $8.87 EPS, Q2 2026 earnings at $2.42 EPS, Q3 2026 earnings at $2.37 EPS and FY2026 earnings at $9.19 EPS.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.14 EPS 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 for the quarter, compared to analyst estimates of $988.07 million. During the same quarter in the prior year, the company posted $2.40 EPS. The company’s quarterly revenue was down 4.8% on a year-over-year basis.

Other equities analysts have also issued research reports about the company. KeyCorp upped their price target on Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday. Robert W. Baird decreased their target price on Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Stifel Nicolaus increased their target price on Lincoln Electric from $184.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Finally, StockNews.com lowered Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $220.00.

Lincoln Electric Stock Performance

Shares of Lincoln Electric stock opened at $206.10 on Monday. Lincoln Electric has a 52 week low of $169.51 and a 52 week high of $261.13. The business’s fifty day simple moving average is $194.37 and its 200-day simple moving average is $197.19. The firm has a market cap of $11.63 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 yield of 1.46%. Lincoln Electric’s dividend payout ratio is 33.89%.

Insiders Place Their Bets

In other news, SVP Michael J. Whitehead sold 1,100 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $175.96, for a total value of $193,556.00. Following the transaction, the senior vice president now owns 11,178 shares in the company, valued at approximately $1,966,880.88. This represents a 8.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Avior Wealth Management LLC increased its holdings in shares of Lincoln Electric by 3.0% in the 3rd quarter. Avior Wealth Management LLC now owns 1,644 shares of the industrial products company’s stock valued at $316,000 after acquiring an additional 48 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Lincoln Electric by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 1,646 shares of the industrial products company’s stock valued at $316,000 after acquiring an additional 51 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Lincoln Electric by 4.8% in the 3rd quarter. Ritholtz Wealth Management now owns 1,303 shares of the industrial products company’s stock valued at $250,000 after acquiring an additional 60 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake 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 buying an additional 68 shares during the last quarter. Finally, Greenleaf Trust grew its stake in Lincoln Electric by 3.1% during the 3rd quarter. Greenleaf Trust now owns 2,366 shares of the industrial products company’s stock worth $454,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.

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.