FY2024 Earnings Estimate for Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Issued By Seaport Res Ptn

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Investment analysts at Seaport Res Ptn increased their FY2024 earnings estimates for shares of Lincoln Electric in a note issued to investors on Friday, April 26th. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings per share of $9.72 for the year, up from their previous estimate of $9.70. The consensus estimate for Lincoln Electric’s current full-year earnings is $9.65 per share. Seaport Res Ptn also issued estimates for Lincoln Electric’s Q1 2025 earnings at $2.40 EPS, Q2 2025 earnings at $2.70 EPS, Q3 2025 earnings at $2.72 EPS, Q4 2025 earnings at $2.81 EPS and FY2025 earnings at $10.63 EPS.

Several other analysts have also recently commented on LECO. Jefferies Financial Group raised their price objective on shares of Lincoln Electric from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Robert W. Baird cut their target price on shares of Lincoln Electric from $257.00 to $252.00 and set an “outperform” rating for the company in a research report on Friday. KeyCorp lifted their target price on shares of Lincoln Electric from $232.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Morgan Stanley started coverage on shares of Lincoln Electric in a research report on Monday, January 8th. They set an “underweight” rating and a $178.00 target price for the company. Finally, Stifel Nicolaus cut their target price 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $221.86.

Lincoln Electric Stock Up 0.9 %

Shares of NASDAQ LECO opened at $229.94 on Monday. The company has a quick ratio of 1.50, a current ratio of 2.24 and a debt-to-equity ratio of 0.84. Lincoln Electric has a 52 week low of $156.80 and a 52 week high of $261.13. The firm has a 50-day moving average price of $248.23 and a 200 day moving average price of $220.22. The stock has a market capitalization of $13.07 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 1.59 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.23 EPS for the quarter, beating the consensus estimate of $2.15 by $0.08. Lincoln Electric had a net margin of 13.23% and a return on equity of 43.81%. The firm had revenue of $981.20 million during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the business earned $2.13 earnings per share. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year.

Institutional Investors Weigh In On Lincoln Electric

Institutional investors have recently bought and sold shares of the stock. Riverview Trust Co purchased a new stake in Lincoln Electric in the first quarter valued at approximately $26,000. Capital Advisors Ltd. LLC grew its holdings in Lincoln Electric by 194.4% in the first quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Contravisory Investment Management Inc. purchased a new stake in Lincoln Electric in the fourth quarter valued at approximately $27,000. Rise Advisors LLC purchased a new stake in Lincoln Electric in the first quarter valued at approximately $35,000. Finally, Principal Securities Inc. acquired a new position in Lincoln Electric during the fourth quarter valued at approximately $32,000. 79.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lincoln Electric

In other news, CFO Gabriel Bruno sold 12,820 shares of Lincoln Electric stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $247.95, for a total transaction of $3,178,719.00. Following the completion of the sale, the chief financial officer now directly owns 22,402 shares in the company, valued at $5,554,575.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Gabriel Bruno sold 12,820 shares of Lincoln Electric stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $247.95, for a total transaction of $3,178,719.00. Following the completion of the sale, the chief financial officer now directly owns 22,402 shares in the company, valued at $5,554,575.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Geoffrey P. Allman sold 3,306 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $252.33, for a total transaction of $834,202.98. Following the completion of the sale, the senior vice president now owns 9,150 shares of the company’s stock, valued at $2,308,819.50. The disclosure for this sale can be found here. Insiders own 2.63% of the company’s stock.

Lincoln Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.24%. Lincoln Electric’s dividend payout ratio (DPR) is presently 30.15%.

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.