Research Analysts Set Expectations for Lincoln Electric Holdings, Inc.’s Q4 2022 Earnings (NASDAQ:LECO)

Lincoln Electric Holdings, Inc. (NASDAQ:LECO – Get Rating) – Equities research analysts at KeyCorp upped their Q4 2022 earnings per share estimates for shares of Lincoln Electric in a research report issued to clients and investors on Sunday, July 31st. KeyCorp analyst S. Barger now anticipates that the industrial products company will post earnings of $1.99 per share for the quarter, up from their previous forecast of $1.81. The consensus estimate for Lincoln Electric’s current full-year earnings is $8.10 per share. KeyCorp also issued estimates for Lincoln Electric’s Q1 2023 earnings at $2.16 EPS, Q2 2023 earnings at $2.29 EPS, Q3 2023 earnings at $2.17 EPS, Q4 2023 earnings at $2.14 EPS and FY2023 earnings at $8.77 EPS.

Lincoln Electric (NASDAQ:LECO – Get Rating) last released its earnings results on Thursday, July 28th. The industrial products company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.20. The company had revenue of $969.59 million during the quarter, compared to the consensus estimate of $936.62 million. Lincoln Electric had a return on equity of 50.64% and a net margin of 10.15%. Lincoln Electric’s revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 EPS.

A number of other equities analysts also recently commented on the company. Robert W. Baird boosted their price objective on Lincoln Electric from $143.00 to $150.00 in a research report on Thursday, July 28th. Stifel Nicolaus lowered their price objective on Lincoln Electric from $134.00 to $122.00 in a research report on Monday, July 18th. Morgan Stanley reissued a “maintains” rating on shares of Lincoln Electric in a research report on Monday. StockNews.com raised Lincoln Electric from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Seaport Res Ptn restated a “neutral” 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.60.

Lincoln Electric Stock Performance

NASDAQ LECO opened at $139.57 on Wednesday. Lincoln Electric has a 1-year low of $118.17 and a 1-year high of $148.54. The company 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. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.62 and a quick ratio of 0.91. The stock has a 50-day moving average of $129.28 and a two-hundred day moving average of $130.25.

Institutional Investors Weigh In On Lincoln Electric

Several institutional investors have recently added to or reduced their stakes in LECO. CWM LLC purchased a new stake in Lincoln Electric in the fourth quarter valued at approximately $25,000. National Bank of Canada FI purchased a new stake in Lincoln Electric in the fourth quarter valued at approximately $29,000. Lazard Asset Management LLC purchased a new stake in Lincoln Electric in the first quarter valued at approximately $35,000. Sageworth Trust Co of South Dakota purchased a new stake in Lincoln Electric in the fourth quarter valued at approximately $40,000. Finally, UMB Bank N A MO purchased a new stake in Lincoln Electric in the fourth quarter valued at approximately $61,000. Hedge funds and other institutional investors own 74.17% of the company’s stock.

Lincoln Electric Announces Dividend

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

Lincoln Electric Company Profile

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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.