FY2024 EPS Estimates for Lincoln Electric Holdings, Inc. Raised by Seaport Res Ptn (NASDAQ:LECO)

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Equities research analysts at Seaport Res Ptn increased their FY2024 earnings per share (EPS) estimates for shares of Lincoln Electric in a research note issued to investors on Friday, April 26th. Seaport Res Ptn analyst W. Liptak now anticipates that the industrial products company will post earnings of $9.72 per share for the year, up from their prior estimate 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 announced its earnings results on Thursday, April 25th. The industrial products company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.08. Lincoln Electric had a return on equity of 43.81% and a net margin of 13.23%. The firm had revenue of $981.20 million for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the business earned $2.13 EPS. The company’s revenue was down 5.6% compared to the same quarter last year.

A number of other equities research analysts have also recently commented on the stock. Stifel Nicolaus lowered their price target on shares of Lincoln Electric from $241.00 to $238.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Jefferies Financial Group lifted their price target on shares of Lincoln Electric from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Morgan Stanley initiated coverage on shares of Lincoln Electric in a report on Monday, January 8th. They issued an “underweight” rating and a $178.00 price target on the stock. Robert W. Baird lowered their price target on shares of Lincoln Electric from $257.00 to $252.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Finally, 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 report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Lincoln Electric currently has an average rating of “Hold” and a consensus target price of $221.86.

Lincoln Electric Price Performance

Shares of NASDAQ LECO opened at $219.53 on Monday. Lincoln Electric has a twelve month low of $164.00 and a twelve month high of $261.13. The stock’s 50 day moving average price is $247.73 and its 200-day moving average price is $220.50. The company has a market capitalization of $12.49 billion, a PE ratio of 23.37, a PEG ratio of 1.59 and a beta of 1.20. 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

A number of institutional investors have recently modified their holdings of LECO. Norges Bank purchased a new stake in shares of Lincoln Electric during the fourth quarter worth about $336,627,000. Eagle Asset Management Inc. raised its stake in Lincoln Electric by 2,984.6% in the fourth quarter. Eagle Asset Management Inc. now owns 439,065 shares of the industrial products company’s stock worth $95,479,000 after buying an additional 424,831 shares in the last quarter. Fiera Capital Corp bought a new position in Lincoln Electric in the third quarter worth about $34,850,000. CM Wealth Advisors LLC raised its stake in Lincoln Electric by 25,909.0% in the fourth quarter. CM Wealth Advisors LLC now owns 178,942 shares of the industrial products company’s stock worth $39,040,000 after buying an additional 178,254 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Lincoln Electric by 19.9% in the third quarter. Invesco Ltd. now owns 1,049,854 shares of the industrial products company’s stock worth $190,853,000 after buying an additional 174,278 shares in the last quarter. 79.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lincoln Electric

In other Lincoln Electric news, SVP Geoffrey P. Allman sold 3,306 shares of the company’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 directly owns 9,150 shares in the company, valued at $2,308,819.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other 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 sale, the chief financial officer now directly owns 22,402 shares in the company, valued at $5,554,575.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 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. Company insiders own 2.63% of the company’s stock.

Lincoln Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be given a dividend of $0.71 per share. The ex-dividend date is Friday, June 28th. This represents a $2.84 annualized dividend and a yield of 1.29%. Lincoln Electric’s payout ratio is 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.