Brokers Issue Forecasts for Lincoln Electric Holdings, Inc.’s Q3 2024 Earnings (NASDAQ:LECO)

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Equities researchers at Zacks Research reduced their Q3 2024 EPS estimates for Lincoln Electric in a research report issued on Wednesday, September 18th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings of $2.14 per share for the quarter, down from their prior forecast of $2.19. The consensus estimate for Lincoln Electric’s current full-year earnings is $8.97 per share. Zacks Research also issued estimates for Lincoln Electric’s Q4 2024 earnings at $2.19 EPS, FY2024 earnings at $8.90 EPS, Q1 2025 earnings at $2.28 EPS, Q3 2025 earnings at $2.26 EPS, Q4 2025 earnings at $2.39 EPS, FY2025 earnings at $9.43 EPS and FY2026 earnings at $9.87 EPS.

Lincoln Electric (NASDAQ:LECO) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.30 by $0.04. Lincoln Electric had a net margin of 12.48% and a return on equity of 42.24%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the company posted $2.44 EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year.

Other analysts have also recently issued reports about the company. StockNews.com cut Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Stifel Nicolaus boosted their price target on shares of Lincoln Electric from $209.00 to $213.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Finally, Robert W. Baird lowered their price objective on shares of Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $218.29.

Lincoln Electric Trading Down 1.3 %

NASDAQ LECO opened at $185.45 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.31 and a debt-to-equity ratio of 0.84. Lincoln Electric has a 12 month low of $164.00 and a 12 month high of $261.13. The company has a market capitalization of $10.55 billion, a PE ratio of 19.69, a P/E/G ratio of 1.31 and a beta of 1.14. The stock has a 50-day simple moving average of $192.71 and a 200 day simple moving average of $210.75.

Lincoln Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, September 30th. Lincoln Electric’s dividend payout ratio is 30.15%.

Insider Buying and Selling at Lincoln Electric

In other Lincoln Electric news, SVP Michael J. Whitehead sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $175.96, for a total value of $193,556.00. Following the sale, the senior vice president now owns 11,178 shares in the company, valued at approximately $1,966,880.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.63% of the company’s stock.

Institutional Trading of Lincoln Electric

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Lincoln Electric by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 5,709,315 shares of the industrial products company’s stock worth $1,458,387,000 after purchasing an additional 15,062 shares in the last quarter. EdgePoint Investment Group Inc. lifted its stake in Lincoln Electric by 48.0% in the second quarter. EdgePoint Investment Group Inc. now owns 2,747,083 shares of the industrial products company’s stock valued at $518,210,000 after acquiring an additional 891,111 shares during the last quarter. Capital International Investors grew its position in shares of Lincoln Electric by 7.0% in the 1st quarter. Capital International Investors now owns 1,856,125 shares of the industrial products company’s stock valued at $474,129,000 after acquiring an additional 121,914 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of Lincoln Electric by 10.9% during the 4th quarter. Westfield Capital Management Co. LP now owns 687,841 shares of the industrial products company’s stock worth $149,578,000 after purchasing an additional 67,867 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Lincoln Electric by 7.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 525,647 shares of the industrial products company’s stock valued at $99,155,000 after purchasing an additional 38,206 shares during the period. 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.