Zacks Research Has Bearish Estimate for LECO FY2024 Earnings

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Research analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for shares of Lincoln Electric in a note issued to investors on Thursday, November 14th. Zacks Research analyst M. Das now anticipates that the industrial products company will post earnings of $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 announced 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. The business had revenue of $983.76 million during the quarter, compared to analysts’ expectations of $988.07 million. Lincoln Electric had a net margin of 11.93% and a return on equity of 40.03%. The firm’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.40 earnings per share.

LECO has been the subject of a number of other research reports. KeyCorp upped their price target on Lincoln Electric from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Robert W. Baird reduced their target price on shares of Lincoln Electric from $220.00 to $212.00 and set an “outperform” rating for the company in a report on Wednesday, September 4th. StockNews.com downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, Stifel Nicolaus upped their price target on shares of Lincoln Electric from $184.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Lincoln Electric currently has an average rating of “Hold” and a consensus price target of $220.00.

Lincoln Electric Price Performance

Shares of Lincoln Electric stock opened at $207.07 on Monday. The stock has a market cap of $11.68 billion, a P/E ratio of 24.71, a P/E/G ratio of 1.57 and a beta of 1.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.20 and a current ratio of 1.85. The stock’s fifty day moving average is $195.02 and its 200 day moving average is $197.08. Lincoln Electric has a one year low of $169.51 and a one year high of $261.13.

Lincoln Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, December 31st. This represents a $3.00 annualized dividend and a dividend yield of 1.45%. This is a boost from Lincoln Electric’s previous quarterly dividend of $0.71. Lincoln Electric’s dividend payout ratio (DPR) is presently 33.89%.

Insider Transactions at Lincoln Electric

In related news, SVP Michael J. Whitehead sold 1,100 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was 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 directly owns 11,178 shares of the company’s stock, valued at approximately $1,966,880.88. This represents a 8.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.63% of the company’s stock.

Institutional Trading of Lincoln Electric

Several hedge funds have recently modified their holdings of LECO. EverSource Wealth Advisors LLC raised its position 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 buying an additional 68 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Lincoln Electric during the second quarter worth approximately $28,000. UMB Bank n.a. raised its position in Lincoln Electric by 97.9% during the third quarter. UMB Bank n.a. now owns 283 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 140 shares during the period. Quarry LP lifted its stake in shares of Lincoln Electric by 41.5% in the 2nd quarter. Quarry LP now owns 300 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 88 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Lincoln Electric by 308.5% in the 3rd quarter. Blue Trust Inc. now owns 335 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 253 shares during the period. 79.61% of the stock is owned by hedge funds and other institutional investors.

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.