Research Analysts Offer Predictions for Lincoln Electric Holdings, Inc.’s FY2024 Earnings (NASDAQ:LECO)

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Equities research analysts at Seaport Res Ptn boosted their FY2024 earnings per share estimates for Lincoln Electric in a research report issued to clients and investors on Friday, April 26th. Seaport Res Ptn analyst W. Liptak now expects 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.

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

A number of other research firms also recently weighed in on LECO. Robert W. Baird dropped their price target on shares of Lincoln Electric from $257.00 to $252.00 and set an “outperform” rating for the company in a research note on Friday. Stifel Nicolaus decreased their target price on Lincoln Electric from $241.00 to $238.00 and set a “hold” rating for the company in a research report on Friday. Morgan Stanley began coverage on shares of Lincoln Electric in a research note on Monday, January 8th. They set an “underweight” rating and a $178.00 price objective on the stock. KeyCorp lifted their price target on shares of Lincoln Electric from $232.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Lincoln Electric in a research note on Monday. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $221.86.

Lincoln Electric Trading Down 2.1 %

LECO stock opened at $225.13 on Monday. The business has a fifty day moving average of $248.23 and a 200-day moving average of $220.22. The company has a market cap of $12.81 billion, a P/E ratio of 23.90, a PEG ratio of 1.59 and a beta of 1.20. Lincoln Electric has a twelve month low of $164.00 and a twelve month high of $261.13. The company has a quick ratio of 1.49, a current ratio of 2.24 and a debt-to-equity ratio of 0.84.

Institutional Trading of Lincoln Electric

Several large investors have recently modified their holdings of the stock. Albert D Mason Inc. raised its position in Lincoln Electric by 0.8% during the first quarter. Albert D Mason Inc. now owns 5,719 shares of the industrial products company’s stock valued at $1,461,000 after purchasing an additional 44 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Lincoln Electric by 43.1% in the 4th 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 in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Lincoln Electric by 1.2% during the 3rd 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 last quarter. Lindbrook Capital LLC increased its position in Lincoln Electric by 46.9% during the 4th quarter. Lindbrook Capital LLC now owns 188 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 60 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in 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 purchasing an additional 66 shares during the last quarter. 79.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Lincoln Electric

In other news, SVP Geoffrey P. Allman sold 3,306 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $2,308,819.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Gabriel Bruno sold 12,820 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were 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 directly owns 22,402 shares of the company’s stock, valued at $5,554,575.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Geoffrey P. Allman sold 3,306 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $252.33, for a total value 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 $2,308,819.50. The disclosure for this sale can be found here. 2.63% of the stock is owned by company insiders.

Lincoln Electric Dividend Announcement

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

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.