Equities analysts expect Lincoln Electric Holdings, Inc. (NASDAQ:LECO) to post sales of $649.31 million for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Lincoln Electric Holdings’ earnings, with estimates ranging from $591.71 million to $669.70 million. Lincoln Electric Holdings posted sales of $567.65 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.4%. The firm is expected to announce its next quarterly earnings report on Friday, October 20th.

On average, analysts expect that Lincoln Electric Holdings will report full year sales of $649.31 million for the current year, with estimates ranging from $2.39 billion to $2.57 billion. For the next financial year, analysts anticipate that the company will report sales of $2.88 billion per share, with estimates ranging from $2.45 billion to $2.98 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Lincoln Electric Holdings.

Lincoln Electric Holdings (NASDAQ:LECO) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. The business had revenue of $626.90 million during the quarter, compared to analyst estimates of $620.28 million. Lincoln Electric Holdings had a net margin of 9.86% and a return on equity of 30.55%. Lincoln Electric Holdings’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share.

A number of research firms recently issued reports on LECO. ValuEngine upgraded shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday. KeyCorp reiterated a “hold” rating on shares of Lincoln Electric Holdings in a research report on Friday, August 25th. Robert W. Baird set a $91.00 price objective on shares of Lincoln Electric Holdings and gave the stock a “hold” rating in a research report on Thursday, August 24th. FBR & Co reiterated a “buy” rating on shares of Lincoln Electric Holdings in a research report on Monday, August 21st. Finally, BidaskClub cut shares of Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $89.86.

In other Lincoln Electric Holdings news, VP Michele R. Kuhrt sold 3,080 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $88.55, for a total value of $272,734.00. Following the completion of the transaction, the vice president now directly owns 14,449 shares in the company, valued at approximately $1,279,458.95. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.27% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Lincoln Electric Holdings by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 5,471,416 shares of the industrial products company’s stock valued at $503,862,000 after acquiring an additional 88,871 shares during the period. BlackRock Inc. increased its position in Lincoln Electric Holdings by 1.0% in the 2nd quarter. BlackRock Inc. now owns 5,016,540 shares of the industrial products company’s stock valued at $461,973,000 after acquiring an additional 48,850 shares during the period. JPMorgan Chase & Co. increased its position in Lincoln Electric Holdings by 4.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,270,096 shares of the industrial products company’s stock valued at $116,964,000 after acquiring an additional 59,464 shares during the period. Fisher Asset Management LLC increased its position in Lincoln Electric Holdings by 4.4% in the 2nd quarter. Fisher Asset Management LLC now owns 1,072,063 shares of the industrial products company’s stock valued at $98,726,000 after acquiring an additional 45,265 shares during the period. Finally, Koch Industries Inc. acquired a new position in Lincoln Electric Holdings in the 2nd quarter valued at approximately $990,000. Hedge funds and other institutional investors own 64.68% of the company’s stock.

Shares of Lincoln Electric Holdings (LECO) opened at 90.67 on Friday. The company has a 50 day moving average of $87.01 and a 200-day moving average of $88.88. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 26.21 and a beta of 0.98. Lincoln Electric Holdings has a one year low of $59.27 and a one year high of $97.97.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, September 28th. Lincoln Electric Holdings’s dividend payout ratio (DPR) is currently 40.46%.

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Lincoln Electric Holdings Company Profile

Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.

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Earnings History and Estimates for Lincoln Electric Holdings (NASDAQ:LECO)

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