Equities research analysts expect Lincoln Electric Holdings, Inc. (NASDAQ:LECO) to post earnings per share of $0.93 for the current quarter, Zacks reports. Eight analysts have made estimates for Lincoln Electric Holdings’ earnings. The lowest EPS estimate is $0.91 and the highest is $0.99. Lincoln Electric Holdings reported earnings per share of $0.89 in the same quarter last year, which suggests a positive year-over-year growth rate of 4.5%. The company is expected to announce its next quarterly earnings report on Friday, October 20th.

According to Zacks, analysts expect that Lincoln Electric Holdings will report full-year earnings of $3.75 per share for the current year, with EPS estimates ranging from $3.70 to $3.84. For the next year, analysts forecast that the business will report earnings of $4.17 per share, with EPS estimates ranging from $3.88 to $4.47. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Lincoln Electric Holdings.

Lincoln Electric Holdings (NASDAQ:LECO) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.03. Lincoln Electric Holdings had a net margin of 9.86% and a return on equity of 30.55%. The firm had revenue of $626.90 million for the quarter, compared to analyst estimates of $620.28 million. During the same period in the prior year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year.

A number of research firms have issued reports on LECO. Zacks Investment Research raised shares of Lincoln Electric Holdings from a “hold” rating to a “buy” rating and set a $108.00 price objective on the stock in a report on Tuesday, June 20th. BidaskClub downgraded shares of Lincoln Electric Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Stifel Nicolaus reaffirmed a “hold” rating and set a $98.00 price objective on shares of Lincoln Electric Holdings in a report on Friday, July 14th. FBR & Co reaffirmed an “outperform” rating on shares of Lincoln Electric Holdings in a report on Tuesday, July 11th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $93.00 price objective on shares of Lincoln Electric Holdings in a report on Tuesday, June 27th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Lincoln Electric Holdings currently has an average rating of “Hold” and an average target price of $89.67.

In other Lincoln Electric Holdings news, Director Kathryn Jo Lincoln sold 4,290 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $95.43, for a total value of $409,394.70. Following the completion of the sale, the director now owns 45,943 shares of the company’s stock, valued at $4,384,340.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director G Russell Lincoln sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $88.87, for a total value of $1,999,575.00. Following the completion of the sale, the director now directly owns 248,032 shares of the company’s stock, valued at approximately $22,042,603.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,463 shares of company stock worth $4,140,642. Company insiders own 3.27% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. Commerce Bank raised its stake in Lincoln Electric Holdings by 9.3% in the second quarter. Commerce Bank now owns 2,755 shares of the industrial products company’s stock worth $254,000 after buying an additional 235 shares during the period. Principal Financial Group Inc. increased its position in shares of Lincoln Electric Holdings by 91.2% in the second quarter. Principal Financial Group Inc. now owns 843,705 shares of the industrial products company’s stock worth $77,697,000 after buying an additional 402,372 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Lincoln Electric Holdings by 11.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,435 shares of the industrial products company’s stock worth $224,000 after buying an additional 244 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Lincoln Electric Holdings by 11.4% in the second quarter. Neuberger Berman Group LLC now owns 3,533 shares of the industrial products company’s stock worth $325,000 after buying an additional 361 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Lincoln Electric Holdings by 11.4% in the second quarter. Pacer Advisors Inc. now owns 8,709 shares of the industrial products company’s stock worth $802,000 after buying an additional 892 shares in the last quarter. 64.10% of the stock is owned by institutional investors and hedge funds.

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Lincoln Electric Holdings (LECO) traded down 0.37% during mid-day trading on Tuesday, reaching $88.20. 393,158 shares of the company’s stock traded hands. The stock has a market cap of $5.81 billion, a P/E ratio of 25.49 and a beta of 0.97. The company has a 50 day moving average price of $91.68 and a 200-day moving average price of $88.12. Lincoln Electric Holdings has a 12 month low of $59.27 and a 12 month high of $97.97.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, September 28th. Lincoln Electric Holdings’s dividend payout ratio is presently 40.46%.

Lincoln Electric Holdings Company Profile

Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.

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

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