Lincoln Electric (NASDAQ:LECO) Earns Neutral Rating from Seaport Res Ptn

Seaport Res Ptn restated their neutral rating on shares of Lincoln Electric (NASDAQ:LECO – Get Rating) in a research report sent to investors on Monday morning, PriceTargets.com reports. Seaport Res Ptn also issued estimates for Lincoln Electric’s Q3 2022 earnings at $2.03 EPS, Q4 2022 earnings at $2.02 EPS, FY2022 earnings at $8.33 EPS and Q2 2023 earnings at $2.17 EPS.

Several other research analysts have also weighed in on the stock. StockNews.com raised shares of Lincoln Electric from a buy rating to a strong-buy rating in a research note on Monday. Robert W. Baird lifted their price target on Lincoln Electric from $143.00 to $150.00 in a report on Thursday, July 28th. Stifel Nicolaus reduced their target price on Lincoln Electric from $134.00 to $122.00 in a research note on Monday, July 18th. Finally, Morgan Stanley restated a maintains rating on shares of Lincoln Electric in a research note on Monday. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $145.60.

Lincoln Electric Price Performance

Lincoln Electric stock opened at $139.57 on Monday. Lincoln Electric has a 52 week low of $118.17 and a 52 week high of $148.54. The company’s 50 day moving average price is $129.28 and its two-hundred day moving average price is $130.25. The company has a quick ratio of 0.91, a current ratio of 1.62 and a debt-to-equity ratio of 0.78. The stock has a market cap of $8.08 billion, a P/E ratio of 22.92, a P/E/G ratio of 1.16 and a beta of 1.16.

Lincoln Electric (NASDAQ:LECO – Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.20. The company had revenue of $969.59 million for the quarter, compared to analysts’ expectations of $936.62 million. Lincoln Electric had a net margin of 10.15% and a return on equity of 50.64%. Lincoln Electric’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.67 earnings per share. On average, equities analysts predict that Lincoln Electric will post 8.1 earnings per share for the current year.

Lincoln Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a $0.56 dividend. The ex-dividend date is Thursday, September 29th. This represents a $2.24 annualized dividend and a yield of 1.60%. Lincoln Electric’s payout ratio is 36.78%.

Institutional Trading of Lincoln Electric

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC purchased a new position in shares of Lincoln Electric during the 4th quarter worth $25,000. National Bank of Canada FI purchased a new stake in Lincoln Electric in the 4th quarter valued at about $29,000. Lazard Asset Management LLC purchased a new stake in shares of Lincoln Electric in the 1st quarter worth approximately $35,000. Sageworth Trust Co of South Dakota bought a new position in shares of Lincoln Electric during the 4th quarter worth approximately $40,000. Finally, UMB Bank N A MO acquired a new stake in shares of Lincoln Electric in the fourth quarter worth $61,000. 74.17% of the stock is currently owned by hedge funds and other institutional investors.

About Lincoln Electric

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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 welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

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