Q3 2024 EPS Estimates for Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Increased by Zacks Research

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Zacks Research boosted their Q3 2024 earnings per share (EPS) estimates for Lincoln Electric in a research report issued to clients and investors on Friday, April 19th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings per share of $2.44 for the quarter, up from their previous forecast of $2.41. The consensus estimate for Lincoln Electric’s current full-year earnings is $9.63 per share. Zacks Research also issued estimates for Lincoln Electric’s Q4 2024 earnings at $2.42 EPS, FY2024 earnings at $9.48 EPS, Q2 2025 earnings at $2.61 EPS, Q4 2025 earnings at $2.53 EPS, Q1 2026 earnings at $2.51 EPS and FY2026 earnings at $10.47 EPS.

Several other analysts have also commented on the company. Stifel Nicolaus raised their price objective on Lincoln Electric from $239.00 to $241.00 and gave the company a “hold” rating in a report on Wednesday, April 17th. Jefferies Financial Group raised their price objective on Lincoln Electric from $215.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Morgan Stanley started coverage on Lincoln Electric in a research report on Monday, January 8th. They issued an “underweight” rating and a $178.00 target price on the stock. Finally, KeyCorp raised their target price on Lincoln Electric from $232.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $210.50.

Lincoln Electric Stock Down 1.3 %

Shares of LECO opened at $235.16 on Monday. The company has a current ratio of 2.24, a quick ratio of 1.50 and a debt-to-equity ratio of 0.84. Lincoln Electric has a 12 month low of $155.21 and a 12 month high of $261.13. The stock’s 50 day moving average is $248.69 and its two-hundred day moving average is $218.86. The firm has a market cap of $13.36 billion, a P/E ratio of 25.10, a PEG ratio of 1.65 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Thursday, February 15th. The industrial products company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.19 by $0.26. Lincoln Electric had a return on equity of 45.09% and a net margin of 13.01%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company earned $1.94 earnings per share. Lincoln Electric’s quarterly revenue was up 13.7% compared to the same quarter last year.

Institutional Investors Weigh In On Lincoln Electric

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. raised its position in Lincoln Electric by 43.1% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 166 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 50 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in Lincoln Electric by 1.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,700 shares of the industrial products company’s stock valued at $854,000 after purchasing an additional 58 shares during the period. Lindbrook Capital LLC raised its position in Lincoln Electric by 46.9% in the fourth quarter. Lindbrook Capital LLC now owns 188 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 60 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of Lincoln Electric by 3.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 1,825 shares of the industrial products company’s stock valued at $397,000 after buying an additional 66 shares during the period. Finally, Private Trust Co. NA lifted its stake in Lincoln Electric by 2.9% during the 3rd quarter. Private Trust Co. NA now owns 2,409 shares of the industrial products company’s stock worth $438,000 after acquiring an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 79.61% of the company’s stock.

Insider Buying and Selling

In related news, CFO Gabriel Bruno sold 12,820 shares of Lincoln Electric stock in a transaction that occurred 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 transaction, the chief financial officer now owns 22,402 shares in the company, valued at $5,554,575.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Gabriel Bruno sold 12,820 shares of Lincoln Electric stock in a transaction that occurred 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 transaction, the chief financial officer now owns 22,402 shares in the company, valued at $5,554,575.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Geoffrey P. Allman sold 3,306 shares of Lincoln Electric stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $252.33, for a total value of $834,202.98. Following the transaction, the senior vice president now owns 9,150 shares in the company, valued at approximately $2,308,819.50. The disclosure for this sale can be found here. 2.63% of the stock is currently owned by company insiders.

Lincoln Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be given 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 yield of 1.21%. Lincoln Electric’s payout ratio is 30.31%.

About Lincoln Electric

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.