Lincoln Electric Holdings Inc. (LECO) To Go Ex-Dividend on September 28th
Lincoln Electric Holdings Inc. (NASDAQ:LECO) declared a quarterly dividend on Thursday, July 21st. Stockholders of record on Friday, September 30th will be given a dividend of 0.32 per share on Friday, October 14th. This represents a $1.28 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, September 28th.
Shares of Lincoln Electric Holdings (NASDAQ:LECO) opened at 62.08 on Friday. The company has a market cap of $4.18 billion, a P/E ratio of 60.68 and a beta of 1.18. The firm has a 50-day moving average price of $63.31 and a 200-day moving average price of $60.80. Lincoln Electric Holdings has a 1-year low of $45.54 and a 1-year high of $65.33.
Lincoln Electric Holdings (NASDAQ:LECO) last issued its earnings results on Monday, July 25th. The company reported $0.83 EPS for the quarter, hitting analysts’ consensus estimates of $0.83. Lincoln Electric Holdings had a return on equity of 25.46% and a net margin of 3.11%. The firm had revenue of $592.40 million for the quarter, compared to the consensus estimate of $589.08 million. During the same quarter in the prior year, the business earned $0.95 earnings per share. The company’s revenue was down 10.9% compared to the same quarter last year. On average, equities analysts expect that Lincoln Electric Holdings will post $3.24 EPS for the current year.
Several hedge funds have recently modified their holdings of LECO. Jane Street Group LLC bought a new stake in shares of Lincoln Electric Holdings during the second quarter worth approximately $894,000. Paloma Partners Management Co increased its stake in shares of Lincoln Electric Holdings by 380.5% in the second quarter. Paloma Partners Management Co now owns 67,128 shares of the company’s stock worth $3,966,000 after buying an additional 53,159 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of Lincoln Electric Holdings during the second quarter worth approximately $1,284,000. A.R.T. Advisors LLC bought a new stake in shares of Lincoln Electric Holdings during the second quarter worth approximately $2,354,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Lincoln Electric Holdings during the second quarter worth approximately $277,000. Hedge funds and other institutional investors own 65.28% of the company’s stock.
Several research analysts have recently commented on the company. TheStreet raised Lincoln Electric Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. Zacks Investment Research raised Lincoln Electric Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. Barclays PLC reaffirmed an “equal weight” rating and issued a $55.00 price objective on shares of Lincoln Electric Holdings in a research note on Wednesday, July 27th. Wunderlich decreased their price objective on Lincoln Electric Holdings from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 20th. Finally, Deutsche Bank AG assumed coverage on Lincoln Electric Holdings in a research note on Tuesday, September 6th. They issued a “hold” rating and a $70.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $66.13.
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.
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