Lincoln Electric Holdings, Inc. (NASDAQ:LECO) – Equities researchers at Oppenheimer reduced their Q2 2019 earnings per share estimates for shares of Lincoln Electric in a research note issued on Wednesday, July 10th. Oppenheimer analyst B. Blair now expects that the industrial products company will earn $1.30 per share for the quarter, down from their prior forecast of $1.35. Oppenheimer also issued estimates for Lincoln Electric’s FY2019 earnings at $5.15 EPS and FY2020 earnings at $5.70 EPS.

Lincoln Electric (NASDAQ:LECO) last issued its quarterly earnings data on Monday, April 22nd. The industrial products company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.06). The business had revenue of $759.17 million for the quarter, compared to the consensus estimate of $767.41 million. Lincoln Electric had a net margin of 9.83% and a return on equity of 35.14%. Lincoln Electric’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 EPS.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of First Merchants from a “hold” rating to a “sell” rating in a research report on Monday, July 1st. BidaskClub lowered shares of Waterstone Financial from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. Finally, Robert W. Baird raised their price objective on shares of Fidelity National Information Servcs from $134.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $95.56.

Shares of LECO opened at $83.54 on Friday. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.40 and a beta of 1.25. The company’s 50 day simple moving average is $79.61. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.56 and a current ratio of 2.27. Lincoln Electric has a twelve month low of $72.28 and a twelve month high of $97.93.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, June 27th. Lincoln Electric’s dividend payout ratio is 39.00%.

Several large investors have recently added to or reduced their stakes in LECO. Advisory Alpha LLC acquired a new stake in shares of Lincoln Electric in the first quarter worth $25,000. Huntington National Bank grew its stake in shares of Lincoln Electric by 18.8% in the first quarter. Huntington National Bank now owns 950 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 150 shares during the last quarter. NumerixS Investment Technologies Inc grew its stake in shares of Lincoln Electric by 433.3% in the first quarter. NumerixS Investment Technologies Inc now owns 1,600 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 1,300 shares during the last quarter. ETF Managers Group LLC grew its stake in shares of Lincoln Electric by 11.3% in the first quarter. ETF Managers Group LLC now owns 1,608 shares of the industrial products company’s stock worth $135,000 after acquiring an additional 163 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Lincoln Electric by 94.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,120 shares of the industrial products company’s stock worth $178,000 after acquiring an additional 1,030 shares during the last quarter. 72.02% of the stock is currently owned by 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 offers welding products, including 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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