Lincoln Electric Holdings Inc. (NASDAQ:LECO) declared a quarterly dividend on Tuesday, October 18th. Shareholders of record on Saturday, December 31st will be paid a dividend of 0.35 per share on Friday, January 13th. This represents a $1.40 annualized dividend and a yield of 2.29%. This is a boost from Lincoln Electric Holdings’s previous quarterly dividend of $0.32.

Lincoln Electric Holdings (NASDAQ:LECO) opened at 61.21 on Wednesday. The firm has a 50-day moving average of $62.32 and a 200 day moving average of $61.36. Lincoln Electric Holdings has a 52 week low of $45.54 and a 52 week high of $65.33. The firm has a market capitalization of $4.12 billion, a PE ratio of 59.83 and a beta of 1.10.

Lincoln Electric Holdings (NASDAQ:LECO) last released its quarterly earnings results on Monday, July 25th. The company reported $0.83 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.83. The firm earned $592.40 million during the quarter, compared to analysts’ expectations of $589.08 million. Lincoln Electric Holdings had a return on equity of 25.46% and a net margin of 3.11%. Lincoln Electric Holdings’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 EPS. Analysts predict that Lincoln Electric Holdings will post $3.23 earnings per share for the current year.

Dividend History for Lincoln Electric Holdings (NASDAQ:LECO)

Institutional investors have recently made changes to their positions in the company. Johnson Financial Group Inc. boosted its position in shares of Lincoln Electric Holdings by 1.1% in the second quarter. Johnson Financial Group Inc. now owns 2,250 shares of the company’s stock valued at $133,000 after buying an additional 25 shares during the period. Janus Capital Management LLC boosted its position in shares of Lincoln Electric Holdings by 33.3% in the second quarter. Janus Capital Management LLC now owns 4,400 shares of the company’s stock valued at $260,000 after buying an additional 1,100 shares during the period. Capstone Investment Advisors LLC purchased a new position in shares of Lincoln Electric Holdings during the second quarter valued at about $277,000. Catalyst Capital Advisors LLC purchased a new position in shares of Lincoln Electric Holdings during the second quarter valued at about $334,000. Finally, Citigroup Inc. boosted its position in shares of Lincoln Electric Holdings by 255.0% in the second quarter. Citigroup Inc. now owns 5,659 shares of the company’s stock valued at $334,000 after buying an additional 4,065 shares during the period. Hedge funds and other institutional investors own 65.15% of the company’s stock.

LECO has been the subject of a number of analyst reports. Zacks Investment Research cut Lincoln Electric Holdings from a “hold” rating to a “sell” rating in a report on Monday, October 3rd. Barclays PLC decreased their price target on Lincoln Electric Holdings from $54.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, July 11th. TheStreet cut Lincoln Electric Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 24th. Wellington Shields cut Lincoln Electric Holdings to a “hold” rating in a research note on Wednesday, August 24th. Finally, Deutsche Bank AG assumed coverage on Lincoln Electric Holdings in a research note on Tuesday, September 6th. They set a “hold” rating and a $70.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Lincoln Electric Holdings currently has an average rating of “Hold” and a consensus price target of $66.50.

Lincoln Electric Holdings Company Profile

Lincoln Electric Holdings, Inc a manufacturer of welding, cutting and brazing products. The Company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company’s operating segments include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group.

5 Day Chart for NASDAQ:LECO

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