Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Announces $0.79 Quarterly Dividend

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.79 per share by the industrial products company on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 30th.

Lincoln Electric has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 30 years. Lincoln Electric has a dividend payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Lincoln Electric to earn $11.95 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 26.4%.

Lincoln Electric Trading Up 0.1%

LECO opened at $249.17 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.15 and a debt-to-equity ratio of 0.76. Lincoln Electric has a 1-year low of $216.22 and a 1-year high of $310.00. The company has a fifty day moving average price of $260.43 and a two-hundred day moving average price of $263.40. The company has a market cap of $13.65 billion, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.08. Lincoln Electric had a return on equity of 39.33% and a net margin of 12.38%.The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the business earned $2.16 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts predict that Lincoln Electric will post 10.85 EPS for the current fiscal year.

Insider Activity

In other Lincoln Electric news, EVP Michael J. Whitehead sold 845 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $274.81, for a total value of $232,214.45. Following the transaction, the executive vice president directly owned 9,319 shares in the company, valued at approximately $2,560,954.39. This trade represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Lincoln Electric

A number of large investors have recently added to or reduced their stakes in the company. Earned Wealth Advisors LLC boosted its holdings in Lincoln Electric by 3.8% in the 1st quarter. Earned Wealth Advisors LLC now owns 1,177 shares of the industrial products company’s stock worth $293,000 after buying an additional 43 shares during the period. Hilltop Holdings Inc. raised its stake in Lincoln Electric by 2.5% in the fourth quarter. Hilltop Holdings Inc. now owns 1,832 shares of the industrial products company’s stock valued at $439,000 after purchasing an additional 45 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Lincoln Electric by 1.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,361 shares of the industrial products company’s stock worth $1,045,000 after acquiring an additional 52 shares in the last quarter. Sumitomo Life Insurance Co. increased its position in shares of Lincoln Electric by 1.2% during the 4th quarter. Sumitomo Life Insurance Co. now owns 4,314 shares of the industrial products company’s stock valued at $1,034,000 after purchasing an additional 52 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Lincoln Electric by 9.4% in the 1st quarter. Parallel Advisors LLC now owns 606 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 52 shares during the last quarter. Institutional investors own 79.61% of the company’s stock.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc (NASDAQ: LECO) is a global manufacturer and distributor of welding products, robotic welding systems, plasma and oxyfuel cutting equipment, and surface treatment systems. The company’s portfolio encompasses welding consumables such as electrodes and wires, as well as power sources, torches, and automated welding cells. Lincoln Electric also offers software solutions and training services designed to optimize productivity and quality in fabrication and manufacturing operations.

Founded in 1895 by John C.