Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Equities researchers at Northcoast Research boosted their Q3 2020 EPS estimates for shares of Lincoln Electric in a note issued to investors on Tuesday, July 28th. Northcoast Research analyst T. Hayes now expects that the industrial products company will post earnings of $0.72 per share for the quarter, up from their previous forecast of $0.50. Northcoast Research also issued estimates for Lincoln Electric’s Q4 2020 earnings at $1.14 EPS, FY2020 earnings at $3.67 EPS, Q1 2021 earnings at $1.23 EPS, Q2 2021 earnings at $1.33 EPS, Q3 2021 earnings at $0.98 EPS, Q4 2021 earnings at $1.30 EPS and FY2021 earnings at $4.85 EPS.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Monday, July 27th. The industrial products company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.45. Lincoln Electric had a return on equity of 33.45% and a net margin of 7.93%. The company had revenue of $590.70 million during the quarter, compared to analyst estimates of $556.14 million. During the same period in the prior year, the business posted $1.28 earnings per share. The firm’s revenue for the quarter was down 24.0% compared to the same quarter last year.

LECO has been the topic of a number of other research reports. Morgan Stanley raised their price target on Lincoln Electric from $86.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Zacks Investment Research lowered shares of Lincoln Electric from a “hold” rating to a “sell” rating and set a $76.00 price target on the stock. in a research note on Tuesday, April 7th. TheStreet upgraded shares of Lincoln Electric from a “c+” rating to a “b-” rating in a report on Monday, June 22nd. Barclays reaffirmed a “hold” rating and issued a $75.00 target price on shares of Lincoln Electric in a research note on Thursday, April 16th. Finally, Robert W. Baird lifted their price target on shares of Lincoln Electric from $94.00 to $106.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Lincoln Electric currently has a consensus rating of “Hold” and an average price target of $86.20.

Shares of NASDAQ LECO opened at $90.39 on Friday. Lincoln Electric has a 12-month low of $59.29 and a 12-month high of $98.32. The company has a current ratio of 1.77, a quick ratio of 1.01 and a debt-to-equity ratio of 1.08. The stock has a market cap of $5.37 billion, a P/E ratio of 25.39, a PEG ratio of 2.56 and a beta of 1.23. The business’s fifty day simple moving average is $85.66 and its 200-day simple moving average is $82.72.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Tuesday, September 29th. Lincoln Electric’s dividend payout ratio is 41.70%.

In other news, SVP Michael J. Whitehead sold 1,000 shares of Lincoln Electric stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $90.08, for a total transaction of $90,080.00. Following the sale, the senior vice president now directly owns 8,670 shares in the company, valued at approximately $780,993.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its holdings in shares of Lincoln Electric by 34,326.9% during the first quarter. FMR LLC now owns 140,806 shares of the industrial products company’s stock valued at $11,810,000 after acquiring an additional 140,397 shares in the last quarter. Brinker Capital Inc. grew its holdings in Lincoln Electric by 10.9% during the 4th quarter. Brinker Capital Inc. now owns 4,289 shares of the industrial products company’s stock valued at $415,000 after buying an additional 422 shares in the last quarter. Geode Capital Management LLC grew its holdings in Lincoln Electric by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 753,490 shares of the industrial products company’s stock valued at $72,885,000 after buying an additional 24,718 shares in the last quarter. Pearl River Capital LLC boosted its holdings in shares of Lincoln Electric by 2,148.3% in the 4th quarter. Pearl River Capital LLC now owns 3,260 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 3,115 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in shares of Lincoln Electric by 8.2% in the 4th quarter. Macquarie Group Ltd. now owns 120,957 shares of the industrial products company’s stock worth $11,700,000 after purchasing an additional 9,165 shares during the period. 74.40% of the stock is owned by institutional investors.

Lincoln Electric Company Profile

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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Earnings History and Estimates for Lincoln Electric (NASDAQ:LECO)

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