Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Declares Quarterly Dividend of $0.75

Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Get Free Report) declared a quarterly dividend on Thursday, July 24th, Wall Street Journal reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 0.75 per share by the industrial products company on Wednesday, October 15th. This represents a $3.00 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Tuesday, September 30th.

Lincoln Electric has a dividend payout ratio of 30.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lincoln Electric to earn $10.08 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 29.8%.

Lincoln Electric Trading Down 0.8%

LECO traded down $1.70 during mid-day trading on Thursday, reaching $223.89. The stock had a trading volume of 195,300 shares, compared to its average volume of 347,103. The stock has a market capitalization of $12.50 billion, a P/E ratio of 27.61, a P/E/G ratio of 1.64 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.19 and a current ratio of 1.78. The firm's fifty day simple moving average is $206.81 and its two-hundred day simple moving average is $196.67. Lincoln Electric has a 52 week low of $161.11 and a 52 week high of $226.80.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $2.16 EPS for the quarter, missing analysts' consensus estimates of $2.22 by ($0.06). The firm had revenue of $365.45 million during the quarter, compared to the consensus estimate of $974.39 million. Lincoln Electric had a net margin of 11.44% and a return on equity of 39.44%. The firm's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.23 earnings per share. On average, equities analysts predict that Lincoln Electric will post 9.36 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on LECO shares. Morgan Stanley increased their price objective on Lincoln Electric from $179.00 to $180.00 and gave the company an "underweight" rating in a research report on Tuesday, May 6th. Robert W. Baird decreased their price objective on Lincoln Electric from $242.00 to $212.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Stifel Nicolaus increased their price target on Lincoln Electric from $180.00 to $236.00 and gave the company a "hold" rating in a research note on Monday. KeyCorp increased their price target on Lincoln Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen downgraded Lincoln Electric from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $222.60.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. raised its stake in Lincoln Electric by 980.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 281 shares of the industrial products company's stock worth $53,000 after buying an additional 255 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Lincoln Electric by 8.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 137,540 shares of the industrial products company's stock worth $26,017,000 after buying an additional 10,961 shares during the period. Goldman Sachs Group Inc. raised its stake in Lincoln Electric by 8.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 362,561 shares of the industrial products company's stock worth $68,582,000 after buying an additional 29,505 shares during the period. Jones Financial Companies Lllp raised its stake in Lincoln Electric by 553.4% during the 1st quarter. Jones Financial Companies Lllp now owns 1,137 shares of the industrial products company's stock worth $215,000 after buying an additional 963 shares during the period. Finally, NewEdge Advisors LLC raised its stake in Lincoln Electric by 8.6% during the 1st quarter. NewEdge Advisors LLC now owns 2,477 shares of the industrial products company's stock worth $468,000 after buying an additional 197 shares during the period. Institutional investors and hedge funds 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.

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