Zacks Research Equities Analysts Raise Earnings Estimates for Lincoln Electric Holdings, Inc. (NASDAQ:LECO)

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Investment analysts at Zacks Research upped their Q3 2024 EPS estimates for Lincoln Electric in a note issued to investors on Friday, April 19th. Zacks Research analyst M. Das now expects that the industrial products company will earn $2.44 per share for the quarter, up from their prior 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.

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

Lincoln Electric Price Performance

Shares of NASDAQ LECO opened at $239.77 on Monday. The firm has a 50-day simple moving average of $248.69 and a 200-day simple moving average of $218.86. The stock has a market capitalization of $13.62 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 1.65 and a beta of 1.20. The company has a quick ratio of 1.50, a current ratio of 2.24 and a debt-to-equity ratio of 0.84. Lincoln Electric has a 52 week low of $155.21 and a 52 week high of $261.13.

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

Lincoln Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, June 28th. Lincoln Electric’s dividend payout ratio (DPR) is presently 30.31%.

Insiders Place Their Bets

In other Lincoln Electric news, CFO Gabriel Bruno sold 12,820 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now 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 SEC, which is available at this link. In other Lincoln Electric news, CFO Gabriel Bruno sold 12,820 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now 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 SEC, which is available at this link. Also, SVP Geoffrey P. Allman sold 3,306 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $252.33, for a total transaction of $834,202.98. Following the transaction, the senior vice president now directly owns 9,150 shares of the company’s stock, 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 insiders.

Institutional Trading of Lincoln Electric

Hedge funds have recently made changes to their positions in the business. Riverview Trust Co acquired a new stake in shares of Lincoln Electric during the first quarter worth about $26,000. Capital Advisors Ltd. LLC lifted its position in shares of Lincoln Electric by 194.4% during the first quarter. Capital Advisors Ltd. LLC now owns 106 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 70 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of Lincoln Electric during the fourth quarter worth about $27,000. Rise Advisors LLC acquired a new stake in shares of Lincoln Electric during the first quarter worth about $35,000. Finally, Principal Securities Inc. acquired a new stake in shares of Lincoln Electric during the fourth quarter worth about $32,000. Institutional investors and hedge funds 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.