Lincoln Electric (NASDAQ:LECO) Issues Quarterly Earnings Results

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Lincoln Electric (NASDAQ:LECO) released its quarterly earnings results on Thursday, October 25th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.21, MarketWatch Earnings reports. The firm had revenue of $737.10 million during the quarter, compared to analyst estimates of $763.42 million. Lincoln Electric had a net margin of 7.40% and a return on equity of 31.77%.

LECO traded up $0.16 during mid-day trading on Friday, reaching $84.09. 218,749 shares of the stock were exchanged, compared to its average volume of 551,470. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.58 and a quick ratio of 1.88. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 1.34 and a beta of 1.27. Lincoln Electric has a 1 year low of $75.07 and a 1 year high of $101.34.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.24%. This is an increase from Lincoln Electric’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Friday, December 28th. Lincoln Electric’s payout ratio is currently 41.16%.

In other Lincoln Electric news, Director Kathryn Jo Lincoln sold 3,140 shares of Lincoln Electric stock in a transaction on Friday, August 31st. The shares were sold at an average price of $94.10, for a total transaction of $295,474.00. Following the transaction, the director now directly owns 44,194 shares of the company’s stock, valued at approximately $4,158,655.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.27% of the stock is owned by insiders.

A number of analysts have commented on LECO shares. Oppenheimer set a $105.00 price target on shares of Lincoln Electric and gave the company 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 price target on shares of Lincoln Electric and gave the company a “hold” rating in a research note on Thursday, October 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $102.44.

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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.

Read More: Return on Investment (ROI)

Earnings History for Lincoln Electric (NASDAQ:LECO)

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