Q3 2024 EPS Estimates for Lincoln Electric Holdings, Inc. (NASDAQ:LECO) Increased by Zacks Research

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Stock analysts at Zacks Research upped their Q3 2024 earnings per share (EPS) estimates for Lincoln Electric in a report released on Friday, April 19th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings of $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.

Lincoln Electric (NASDAQ:LECO) last announced its quarterly earnings data 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 the consensus estimate of $1.03 billion. Lincoln Electric had a return on equity of 45.09% and a net margin of 13.01%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.94 earnings per share.

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

Lincoln Electric Price Performance

Shares of NASDAQ:LECO opened at $235.16 on Monday. The company has a market cap of $13.36 billion, a P/E ratio of 25.10, a P/E/G 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. The business has a fifty day simple moving average of $248.69 and a 200-day simple moving average of $218.86.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Capital International Investors lifted its stake in shares of Lincoln Electric by 0.7% in the fourth quarter. Capital International Investors now owns 1,734,211 shares of the industrial products company’s stock worth $377,122,000 after acquiring an additional 12,773 shares in the last quarter. Norges Bank acquired a new position in shares of Lincoln Electric in the fourth quarter worth about $336,627,000. Invesco Ltd. lifted its stake in shares of 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 acquiring an additional 174,278 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Lincoln Electric by 8.9% in the third quarter. Bank of New York Mellon Corp now owns 721,598 shares of the industrial products company’s stock worth $131,179,000 after acquiring an additional 58,695 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake in shares of Lincoln Electric by 10.9% in the fourth quarter. Westfield Capital Management Co. LP now owns 687,841 shares of the industrial products company’s stock worth $149,578,000 after acquiring an additional 67,867 shares in the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

Insider Transactions at Lincoln Electric

In other news, CFO Gabriel Bruno sold 12,820 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $247.95, for a total value of $3,178,719.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Gabriel Bruno sold 12,820 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $247.95, for a total value of $3,178,719.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Geoffrey P. Allman sold 3,306 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $252.33, for a total value of $834,202.98. Following the completion of the sale, 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. Company insiders own 2.63% of the company’s stock.

Lincoln Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Friday, June 28th. Lincoln Electric’s payout ratio is 30.31%.

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.