Equities analysts expect that Lincoln Electric Holdings, Inc. (NASDAQ:LECO) will report $763.38 million in sales for the current quarter, Zacks reports. Eight analysts have issued estimates for Lincoln Electric’s earnings, with the lowest sales estimate coming in at $753.20 million and the highest estimate coming in at $774.50 million. Lincoln Electric posted sales of $669.49 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14%. The company is expected to announce its next quarterly earnings report on Friday, October 26th.

On average, analysts expect that Lincoln Electric will report full year sales of $3.11 billion for the current fiscal year, with estimates ranging from $3.09 billion to $3.13 billion. For the next financial year, analysts expect that the company will report sales of $3.26 billion per share, with estimates ranging from $3.23 billion to $3.30 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Lincoln Electric.

Lincoln Electric (NASDAQ:LECO) last posted its quarterly earnings data on Monday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.22. Lincoln Electric had a return on equity of 29.77% and a net margin of 8.77%. The firm had revenue of $790.10 million for the quarter, compared to analysts’ expectations of $810.54 million. During the same period in the previous year, the firm earned $0.97 EPS. The business’s quarterly revenue was up 26.0% on a year-over-year basis.

A number of research analysts recently commented on the company. BidaskClub raised Lincoln Electric from a “hold” rating to a “buy” rating in a report on Saturday. Oppenheimer set a $105.00 price target on Lincoln Electric and gave the stock a “buy” rating in a report on Monday, July 23rd. Zacks Investment Research cut Lincoln Electric from a “hold” rating to a “sell” rating in a report on Sunday, July 15th. Finally, ValuEngine raised Lincoln Electric from a “sell” rating to a “hold” rating in a report on Saturday, July 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $106.25.

NASDAQ LECO traded down $1.49 during trading hours on Wednesday, reaching $96.14. The company’s stock had a trading volume of 541,700 shares, compared to its average volume of 411,165. The company has a current ratio of 2.62, a quick ratio of 1.94 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 stock has a market cap of $6.36 billion, a PE ratio of 25.26, a P/E/G ratio of 1.62 and a beta of 1.21.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Thursday, September 27th. Lincoln Electric’s payout ratio is 41.16%.

In other Lincoln Electric news, Director G Russell Lincoln sold 12,318 shares of Lincoln Electric stock in a transaction that occurred on Saturday, July 21st. The stock was sold at an average price of $38.98, for a total value of $480,155.64. Following the sale, the director now owns 214,923 shares of the company’s stock, valued at approximately $8,377,698.54. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kathryn Jo Lincoln sold 3,140 shares of Lincoln Electric stock in a transaction that occurred on Friday, August 31st. The stock was 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 directly owns 44,194 shares in the company, valued at approximately $4,158,655.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,958 shares of company stock worth $1,100,990. Corporate insiders own 3.04% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LECO. Wells Fargo & Company MN increased its position in shares of Lincoln Electric by 4.1% during the 1st quarter. Wells Fargo & Company MN now owns 131,914 shares of the industrial products company’s stock valued at $11,865,000 after purchasing an additional 5,139 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Lincoln Electric by 8.2% during the 1st quarter. SG Americas Securities LLC now owns 12,395 shares of the industrial products company’s stock valued at $1,115,000 after purchasing an additional 938 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Lincoln Electric by 52.3% during the 1st quarter. Victory Capital Management Inc. now owns 33,500 shares of the industrial products company’s stock valued at $3,013,000 after purchasing an additional 11,510 shares during the last quarter. Swiss National Bank increased its position in shares of Lincoln Electric by 2.2% during the 1st quarter. Swiss National Bank now owns 103,200 shares of the industrial products company’s stock valued at $9,283,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Lincoln Electric by 3.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 228,728 shares of the industrial products company’s stock valued at $20,575,000 after purchasing an additional 7,698 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

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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