Brokerages forecast that Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will post sales of $764.83 million for the current quarter, Zacks reports. Six analysts have provided estimates for Lincoln Electric’s earnings, with the highest sales estimate coming in at $799.80 million and the lowest estimate coming in at $735.50 million. Lincoln Electric reported sales of $747.19 million in the same quarter last year, which indicates a positive year over year growth rate of 2.4%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 13th.

On average, analysts expect that Lincoln Electric will report full year sales of $3.05 billion for the current year, with estimates ranging from $3.02 billion to $3.08 billion. For the next financial year, analysts expect that the company will post sales of $3.13 billion, with estimates ranging from $3.06 billion to $3.28 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Lincoln Electric.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Thursday, October 25th. The industrial products company reported $1.21 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.21. Lincoln Electric had a net margin of 7.40% and a return on equity of 31.77%. The company had revenue of $737.10 million during the quarter, compared to analysts’ expectations of $763.42 million.

Several research analysts recently issued reports on LECO shares. Oppenheimer set a $105.00 target price on shares of Lincoln Electric and gave the stock a “buy” rating in a research note on Monday, July 23rd. BidaskClub lowered shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Saturday, August 25th. Zacks Investment Research lowered shares of Lincoln Electric from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. ValuEngine lowered shares of Lincoln Electric from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Finally, Robert W. Baird set a $85.00 target price on shares of Lincoln Electric and gave the stock a “hold” rating in a research note on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $102.44.

In other news, Director Kathryn Jo Lincoln sold 3,140 shares of the stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $94.10, for a total value of $295,474.00. Following the completion of the sale, the director now owns 44,194 shares in the company, valued at $4,158,655.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.04% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in Lincoln Electric by 4.4% during the third quarter. BlackRock Inc. now owns 5,947,985 shares of the industrial products company’s stock worth $555,782,000 after buying an additional 252,538 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Lincoln Electric by 5.3% during the third quarter. Alliancebernstein L.P. now owns 1,514,972 shares of the industrial products company’s stock worth $141,559,000 after buying an additional 75,958 shares during the last quarter. Keybank National Association OH increased its holdings in Lincoln Electric by 3.3% during the third quarter. Keybank National Association OH now owns 1,352,159 shares of the industrial products company’s stock worth $126,346,000 after buying an additional 43,519 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Lincoln Electric by 12.7% during the third quarter. JPMorgan Chase & Co. now owns 1,264,655 shares of the industrial products company’s stock worth $118,170,000 after buying an additional 142,430 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in Lincoln Electric by 2.9% during the second quarter. Royce & Associates LP now owns 1,205,768 shares of the industrial products company’s stock worth $105,818,000 after buying an additional 34,053 shares during the last quarter. Institutional investors own 70.29% of the company’s stock.

Shares of LECO traded down $1.19 during trading hours on Friday, hitting $81.44. 22,881 shares of the stock were exchanged, compared to its average volume of 542,824. Lincoln Electric has a fifty-two week low of $75.07 and a fifty-two week high of $101.34. The company has a quick ratio of 1.88, a current ratio of 2.58 and a debt-to-equity ratio of 0.75. The stock has a market cap of $5.42 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 1.34 and a beta of 1.27.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a $0.47 dividend. The ex-dividend date is Friday, December 28th. This represents a $1.88 annualized dividend and a dividend yield of 2.31%. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.39. Lincoln Electric’s dividend payout ratio is currently 41.16%.

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

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