Zacks Research Forecasts Lower Earnings for Lincoln Electric

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Stock analysts at Zacks Research dropped their FY2024 earnings estimates for shares of Lincoln Electric in a research note issued on Thursday, November 14th. Zacks Research analyst M. Das now anticipates that the industrial products company will earn $8.70 per share for the year, down from their prior forecast of $8.90. The consensus estimate for Lincoln Electric’s current full-year earnings is $8.75 per share. Zacks Research also issued estimates for Lincoln Electric’s Q4 2024 earnings at $1.99 EPS, Q1 2025 earnings at $2.08 EPS, Q2 2025 earnings at $2.28 EPS, Q4 2025 earnings at $2.21 EPS, FY2025 earnings at $8.87 EPS, Q2 2026 earnings at $2.42 EPS, Q3 2026 earnings at $2.37 EPS and FY2026 earnings at $9.19 EPS.

Lincoln Electric (NASDAQ:LECO) last released its earnings results on Thursday, October 31st. The industrial products company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.09. Lincoln Electric had a return on equity of 40.03% and a net margin of 11.93%. The firm had revenue of $983.76 million for the quarter, compared to analysts’ expectations of $988.07 million. During the same quarter in the prior year, the firm posted $2.40 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus raised their price target on shares of Lincoln Electric from $184.00 to $185.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Robert W. Baird reduced their target price on shares of Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 4th. StockNews.com lowered Lincoln Electric from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, KeyCorp raised their price objective on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lincoln Electric has a consensus rating of “Hold” and an average price target of $220.00.

Lincoln Electric Stock Performance

Shares of Lincoln Electric stock opened at $207.07 on Monday. Lincoln Electric has a 52 week low of $169.51 and a 52 week high of $261.13. The company has a market capitalization of $11.68 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14. The stock’s fifty day moving average is $195.02 and its two-hundred day moving average is $197.08. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.86.

Institutional Investors Weigh In On Lincoln Electric

Several institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Lincoln Electric by 174.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 107 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 68 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Lincoln Electric during the 2nd quarter valued at about $28,000. UMB Bank n.a. raised its stake in Lincoln Electric by 97.9% in the third quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock valued at $54,000 after buying an additional 140 shares during the last quarter. Quarry LP boosted its holdings in Lincoln Electric by 41.5% in the second quarter. Quarry LP now owns 300 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 88 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Lincoln Electric by 308.5% during the third quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 253 shares during the last quarter. 79.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lincoln Electric

In related news, SVP Michael J. Whitehead sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $175.96, for a total transaction of $193,556.00. Following the completion of the transaction, the senior vice president now owns 11,178 shares in the company, valued at $1,966,880.88. The trade was a 8.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.63% of the company’s stock.

Lincoln Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.71. This represents a $3.00 dividend on an annualized basis and a yield of 1.45%. Lincoln Electric’s payout ratio is currently 33.89%.

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.