Equities analysts expect that Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will post earnings per share (EPS) of $1.25 for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Lincoln Electric’s earnings, with the lowest EPS estimate coming in at $1.23 and the highest estimate coming in at $1.31. Lincoln Electric posted earnings per share of $1.21 in the same quarter last year, which suggests a positive year over year growth rate of 3.3%. The company is scheduled to issue its next earnings results on Thursday, October 24th.

On average, analysts expect that Lincoln Electric will report full year earnings of $5.00 per share for the current year, with EPS estimates ranging from $4.93 to $5.14. For the next year, analysts expect that the firm will report earnings of $5.55 per share, with EPS estimates ranging from $5.30 to $5.75. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Lincoln Electric.

Lincoln Electric (NASDAQ:LECO) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.02). Lincoln Electric had a net margin of 10.42% and a return on equity of 36.16%. The firm had revenue of $777.01 million during the quarter, compared to analyst estimates of $786.03 million. During the same period in the prior year, the company earned $1.22 EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year.

Several research firms have recently issued reports on LECO. Oppenheimer downgraded Lincoln Electric from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Stifel Nicolaus downgraded Lincoln Electric from a “buy” rating to a “hold” rating and lowered their price objective for the company from $97.00 to $84.00 in a research note on Tuesday. Zacks Investment Research raised Lincoln Electric from a “sell” rating to a “hold” rating and set a $87.00 price objective for the company in a research note on Monday, July 1st. BidaskClub downgraded Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Seaport Global Securities downgraded Lincoln Electric from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $94.40.

Shares of Lincoln Electric stock traded up $0.36 on Wednesday, hitting $80.96. The stock had a trading volume of 9,250 shares, compared to its average volume of 345,451. The stock has a 50 day moving average of $84.47 and a 200 day moving average of $83.60. Lincoln Electric has a twelve month low of $72.28 and a twelve month high of $91.69. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.28 and a current ratio of 1.98. The firm has a market capitalization of $4.94 billion, a P/E ratio of 16.77, a PEG ratio of 1.48 and a beta of 1.23.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Friday, September 27th. Lincoln Electric’s dividend payout ratio is presently 39.00%.

In other Lincoln Electric news, SVP Michael Mintun sold 3,800 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $84.77, for a total transaction of $322,126.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP George D. Blankenship sold 53,305 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $82.67, for a total transaction of $4,406,724.35. The disclosure for this sale can be found here. Corporate insiders own 3.39% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Marathon Asset Management LLP increased its position in Lincoln Electric by 9.8% during the 2nd quarter. Marathon Asset Management LLP now owns 289,117 shares of the industrial products company’s stock valued at $23,936,000 after purchasing an additional 25,811 shares during the period. BTIM Corp. increased its position in Lincoln Electric by 0.3% during the 2nd quarter. BTIM Corp. now owns 498,039 shares of the industrial products company’s stock valued at $40,998,000 after purchasing an additional 1,342 shares during the period. Arizona State Retirement System increased its position in Lincoln Electric by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 45,578 shares of the industrial products company’s stock valued at $3,752,000 after purchasing an additional 169 shares during the period. Cambridge Trust Co. increased its position in Lincoln Electric by 3.9% during the 2nd quarter. Cambridge Trust Co. now owns 7,738 shares of the industrial products company’s stock valued at $637,000 after purchasing an additional 290 shares during the period. Finally, Advisory Services Network LLC increased its position in Lincoln Electric by 94.0% during the 2nd quarter. Advisory Services Network LLC now owns 481 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 233 shares during the period. 76.42% of the stock is owned by institutional investors and hedge funds.

About Lincoln Electric

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

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