Seaport Res Ptn Research Analysts Increase Earnings Estimates for Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Lincoln Electric Holdings, Inc. (NASDAQ:LECO - Free Report) - Seaport Res Ptn upped their FY2024 earnings estimates for Lincoln Electric in a note issued to investors on Friday, April 26th. Seaport Res Ptn analyst W. Liptak now anticipates that the industrial products company will post earnings of $9.72 per share for the year, up from their prior forecast 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 brokerages also recently commented on LECO. Oppenheimer restated a "market perform" rating on shares of Lincoln Electric in a research note on Monday. Stifel Nicolaus decreased their price objective on shares of Lincoln Electric from $241.00 to $238.00 and set a "hold" rating on the stock in a research note on Friday. Morgan Stanley began coverage on shares of Lincoln Electric in a report on Monday, January 8th. They set an "underweight" rating and a $178.00 price objective for the company. Robert W. Baird reduced their target price on Lincoln Electric from $257.00 to $252.00 and set an "outperform" rating on the stock in a report on Friday. Finally, Jefferies Financial Group raised their price target on Lincoln Electric from $215.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $221.86.

Lincoln Electric Price Performance

NASDAQ:LECO traded down $4.81 during trading hours on Monday, reaching $225.13. The company had a trading volume of 414,008 shares, compared to its average volume of 285,506. The company has a quick ratio of 1.49, a current ratio of 2.24 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average of $248.23 and a two-hundred day moving average of $220.22. Lincoln Electric has a one year low of $164.00 and a one year high of $261.13. The firm has a market capitalization of $12.81 billion, a PE ratio of 23.90, a PEG ratio of 1.59 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.08. The company had revenue of $981.20 million for the quarter, compared to analyst estimates of $1.04 billion. Lincoln Electric had a return on equity of 43.81% and a net margin of 13.23%. The company's revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.13 EPS.

Lincoln Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Friday, June 28th. Lincoln Electric's dividend payout ratio is 30.15%.

Insider Buying and Selling at Lincoln Electric

In other news, CFO Gabriel Bruno sold 12,820 shares of the business's stock in a transaction on Friday, February 23rd. The stock was 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 owns 22,402 shares in the company, valued at $5,554,575.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Lincoln Electric news, SVP Geoffrey P. Allman sold 3,306 shares of Lincoln Electric stock in a transaction 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 approximately $2,308,819.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gabriel Bruno sold 12,820 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $247.95, for a total value of $3,178,719.00. Following the completion of the transaction, the chief financial officer now directly owns 22,402 shares in the company, valued at approximately $5,554,575.90. The disclosure for this sale can be found here. Corporate insiders own 2.63% of the company's stock.

Institutional Investors Weigh In On Lincoln Electric

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Riverview Trust Co acquired a new position in shares of Lincoln Electric during the 1st quarter worth about $26,000. Capital Advisors Ltd. LLC boosted its stake in Lincoln Electric by 194.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company's stock worth $27,000 after acquiring an additional 70 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in Lincoln Electric during the fourth quarter valued at approximately $27,000. Rise Advisors LLC bought a new stake in Lincoln Electric in the first quarter valued at approximately $35,000. Finally, Principal Securities Inc. acquired a new stake in Lincoln Electric in the fourth quarter worth $32,000. Institutional investors 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.