Equities research analysts forecast that Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will report earnings of $1.21 per share for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Lincoln Electric’s earnings, with estimates ranging from $1.14 to $1.25. Lincoln Electric reported earnings of $0.93 per share in the same quarter last year, which suggests a positive year over year growth rate of 30.1%. The business is scheduled to announce its next earnings results on Friday, October 26th.

According to Zacks, analysts expect that Lincoln Electric will report full year earnings of $4.74 per share for the current fiscal year, with EPS estimates ranging from $4.63 to $4.80. For the next financial year, analysts forecast that the business will report earnings of $5.33 per share, with EPS estimates ranging from $5.03 to $5.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Lincoln Electric.

Lincoln Electric (NASDAQ:LECO) last issued its earnings results on Monday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.22. The business had revenue of $790.10 million during the quarter, compared to analysts’ expectations of $810.54 million. Lincoln Electric had a return on equity of 29.77% and a net margin of 8.77%. Lincoln Electric’s revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 earnings per share.

LECO has been the subject of several recent research reports. ValuEngine lowered Lincoln Electric from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. BidaskClub upgraded Lincoln Electric from a “hold” rating to a “buy” rating in a report on Saturday, April 21st. Stifel Nicolaus cut their price objective on Lincoln Electric from $112.00 to $106.00 and set a “buy” rating for the company in a report on Tuesday, April 24th. Wellington Shields upgraded Lincoln Electric from a “hold” rating to a “gradually accumulate” rating in a report on Tuesday, April 24th. Finally, Oppenheimer set a $105.00 price objective on Lincoln Electric and gave the stock a “buy” rating in a report on Monday, July 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $106.25.

In other Lincoln Electric news, Director William E. Macdonald III sold 3,500 shares of the firm’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $92.96, for a total transaction of $325,360.00. Following the transaction, the director now directly owns 15,307 shares in the company, valued at $1,422,938.72. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director G Russell Lincoln sold 12,318 shares of the firm’s stock in a transaction dated Saturday, July 21st. The shares were sold at an average price of $38.98, for a total value of $480,155.64. Following the transaction, the director now owns 214,923 shares in the company, valued at $8,377,698.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,818 shares of company stock valued at $2,809,936. 3.04% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC bought a new position in Lincoln Electric during the first quarter valued at about $399,000. Principal Financial Group Inc. raised its holdings in Lincoln Electric by 5.2% during the first quarter. Principal Financial Group Inc. now owns 896,122 shares of the industrial products company’s stock valued at $80,605,000 after buying an additional 44,436 shares in the last quarter. Royal Bank of Canada raised its holdings in Lincoln Electric by 22.5% during the first quarter. Royal Bank of Canada now owns 85,667 shares of the industrial products company’s stock valued at $7,707,000 after buying an additional 15,737 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Lincoln Electric by 3.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 228,728 shares of the industrial products company’s stock valued at $20,575,000 after buying an additional 7,698 shares in the last quarter. Finally, Natixis Advisors L.P. raised its holdings in Lincoln Electric by 5.3% during the first quarter. Natixis Advisors L.P. now owns 48,327 shares of the industrial products company’s stock valued at $4,347,000 after buying an additional 2,441 shares in the last quarter. Institutional investors own 67.62% of the company’s stock.

Shares of NASDAQ:LECO opened at $92.14 on Tuesday. The company has a quick ratio of 1.94, a current ratio of 2.62 and a debt-to-equity ratio of 0.74. Lincoln Electric has a 1 year low of $81.48 and a 1 year high of $101.34. The firm has a market cap of $5.99 billion, a P/E ratio of 24.31, a PEG ratio of 1.53 and a beta of 1.13.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, September 27th. This represents a $1.56 annualized dividend and a dividend yield of 1.69%. Lincoln Electric’s dividend payout ratio is 41.16%.

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's welding products include 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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